Basil Ramzy, CEO of MARAKEZ, said, “Our flagship project in East Cairo, District Five, is an ambitious integrated development with the key elements we believe are required to craft a vibrant and thriving community.”
70% of New Urban Communities Authority’s budget will be allocated for infrastructure works in FY 2020/21
The on-the-go retail destination stretches over approximately 64,000 sqm, and boasts over 25,000 sqm of Gross Leasable Area. It is expected to serve more than 2 million people who live and work in the area.
Loan to finance 50% of total estimated investment cost of Mall of Katameya’s second phase
This step reflects the bank’s efforts in supporting the Egyptian economy, says Azab
The facility will be used to finance Mall of Arabia’s new development plans, including the development of Cairo’s first in-mall IKEA store in western Cairo with a gross leasable area of 22,000 sqm.
Company studies obtaining 35-feddan land in Minya or Assiut to develop new mall
Loan to finance 50% of new mall on Cairo-Sokhna road
The company plans to open the mall in the fourth quarter (Q4) of 2019, expecting that it would welcome 10,000 to 12,000 daily visitors
Company targets 1.5bn in sales by year-end, says chief business development officer
Project’s total investment worth EGP 2.2bn
Marakez for Real Estate Investment has acquired from the Internal Trade Development Authority (ITDA) a 47-feddan land plot in Mansoura city, Daqahleya, to develop a commercial mall with EGP 1.4bn in investments. The mall that will serve as a retail and entertainment centre for the Delta area, including the 7 million population of Daqahleya. “Marakez’s …
Operating Mall of Tanta in August with EGP 1bn investments
Marakez for real estate investment has signed a 15-year agreement with Spinneys hypermarket to lease approximately 4,100 sqm in Mall of Tanta, according to a Saturday press statement. The company is the Egyptian arm of Saudi Arabian conglomerate Fawaz Alhokair Group, the largest mall developer in the Middle East. “At Marakez, we made a concerted, …
