Real Estate News

Inertia gets EGP 1.1 bn in finance

Inertia Egypt signed an 8.5 year Modaraba Islamic financing contract with Banque Misr to grant the company EGP 1.1 bn, which will be used to fund the fourth phase of the company’s coastal project; Jefaira.

Jefaira is a fully integrated coastal city that spreads over ​​5.5 million square meters in the North Coast. The project holds a capacity of 12,000 to 14,000 units with total investments reaching 66 bn EGP.  The development offers a wide range of services: from medical to educational and entertainment services. This makes it an all-year round destination, without being limited to summer seasons or holidays.

In 2017, Inertia started construction works in Jefaira which is strategically located 200 km west of Alexandria and 100 km east of Marsa Matrouh. The project’s strategic and distinguished location ensures the easy access to all major roads, El Alamein International Airport and El Dabaa Road making it a major central point on the coast line, which will promote and maintain the economic development in Ras El-Hikma.

Learn More

For the latest updates on Jefaira, reach out to us on #AskNawy  or call us on +201022088888

Moreover, if you wish to know more about what’s available in the real estate market, you can visit our website Nawy. Take a look at our wide selection of exclusive homes!

Amany Morad

Amany Morad is a Senior SEO Specialist at www.nawy.com. With a background in hospitality, theater, and real estate; Amany enjoys writing about interesting topics. When she's not working, you'll probably find her scuba diving, acting, or travelling. Read more of her latest articles on https://www.nawy.com/blog

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