Baker & McKenzie LLP
04/28/2026 | Press release | Distributed by Public on 04/28/2026 04:20
Baker McKenzie Cairo Advises Marakez on EGP 5.5 Billion Financing Agreement with QNB Egypt
Baker McKenzie Cairo has advised Marakez, one of Egypt's leading mixed-use real estate developers, on a medium-term financing agreement valued at EGP 5.5 billion with QNB Egypt, a leading financial institution in the region and a subsidiary of QNB Group.
The financing is intended to support the residential and commercial expansion of District 5, Marakez's prominent mixed-use development spanning 268 acres in East Cairo.
Located in East Cairo, District 5 benefits from a strategic location in close proximity to Cairo's business district, the American University in Cairo and Cairo International Airport, positioning it as one of the city's most famous urban developments.
The transaction supports Marakez's ongoing growth strategy, strengthening its capital structure and supporting the timely delivery of large-scale, high-quality real estate projects aligned with Egypt's urban development agenda.
Baker McKenzie Cairo acted as legal counsel to Marakez provided legal advice on the transaction, including reviewing and negotiating the full suite of financing and security documents, and addressing lender requirements related to cash-flow mechanics and asset-backed repayment.
The Baker McKenzie Cairo team was led by Partner Mostafa Lotayef and Associate Noureldin Elhayatmy.
Commenting on the transaction, Mostafa Lotayef, Partner at Baker McKenzie Cairo, said: "We are pleased to continue supporting Marakez on complex financing transactions that underpin the development of high profile mixed use projects in Egypt. This financing reflects the continued confidence of financial institutions in Marakez's developments and highlights the importance of structuring robust, bankable facilities to support large scale real estate investments."
This transaction further builds on Baker McKenzie Cairo's ongoing support to Marakez. Most recently, the firm advised Marakez on an EGP 3 billion bilateral facility to support the expansion of District 5's Mindhaus Campus, as well as on a separate EGP 3 billion bilateral facility with Banque Misr.
The financing is intended to support the residential and commercial expansion of District 5, Marakez's prominent mixed-use development spanning 268 acres in East Cairo.
Located in East Cairo, District 5 benefits from a strategic location in close proximity to Cairo's business district, the American University in Cairo and Cairo International Airport, positioning it as one of the city's most famous urban developments.
The transaction supports Marakez's ongoing growth strategy, strengthening its capital structure and supporting the timely delivery of large-scale, high-quality real estate projects aligned with Egypt's urban development agenda.
Baker McKenzie Cairo acted as legal counsel to Marakez provided legal advice on the transaction, including reviewing and negotiating the full suite of financing and security documents, and addressing lender requirements related to cash-flow mechanics and asset-backed repayment.
The Baker McKenzie Cairo team was led by Partner Mostafa Lotayef and Associate Noureldin Elhayatmy.
Commenting on the transaction, Mostafa Lotayef, Partner at Baker McKenzie Cairo, said: "We are pleased to continue supporting Marakez on complex financing transactions that underpin the development of high profile mixed use projects in Egypt. This financing reflects the continued confidence of financial institutions in Marakez's developments and highlights the importance of structuring robust, bankable facilities to support large scale real estate investments."
This transaction further builds on Baker McKenzie Cairo's ongoing support to Marakez. Most recently, the firm advised Marakez on an EGP 3 billion bilateral facility to support the expansion of District 5's Mindhaus Campus, as well as on a separate EGP 3 billion bilateral facility with Banque Misr.
Baker & McKenzie LLP published this content on April 28, 2026, and is solely responsible for the information contained herein. Distributed via Public Technologies (PUBT), unedited and unaltered, on April 28, 2026 at 10:29 UTC. If you believe the information included in the content is inaccurate or outdated and requires editing or removal, please contact us at [email protected]