Helmy, Hamza & Partners (a member of Baker & McKenzie International) has advised Majid Al Futtaim Properties Egypt in connection with the EGP3 billion (circa US$435 million) project financing of the construction of the Mall of Egypt.

The Mall of Egypt is a super-regional mall of 162,500 square metres that will dominate the western half of the greater Cairo Metropolis and the 6th of October City.  Scheduled to open in 2015, the mall will be a sister brand to the Mall of the Emirates, combining a powerful range of retailers with the most comprehensive leisure offering in North Africa.

Helmy, Hamza & Partners' team was led by partner Mohamad Talaat, assisted by associate Amr Baggatto.

The syndicate banks were led by National Bank of Egypt (as the Mandated Lead Arranger and Facility Agent) and Banque Misr (as the Mandated Lead Arranger and Security Agent), the largest public Egyptian banks.

"We were happy to assist Majid Al Futtaim in this landmark project, which is considered an important step forward in Egypt's economic recovery," said Mohamad Talaat.

Helmy, Hamza & Partners regularly advises sponsors and companies, private equity funds, banks and other financial institutions on project finance, trade finance, real estate finance, acquisition finance, general corporate finance, aircraft and other asset based finance, and Islamic financing transactions.