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Marakez opens new mall in Egypt with EGP 260m investments

Marakez opens new mall in Egypt with EGP 260m investments
Town Center is located at the intersection of the Ring Road and Cairo-Ismailia Road
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Cairo – Mubasher: Marakez for Real Estate Investment, a mall development company owned by Saudi Fawaz Abdulaziz Alhokair, inaugurated Town Center with investments of more than EGP 260 million.

Town Center, spanning over 64,000 square metres (sqm) with above 25,000 sqm of gross leasable area, is located at the intersection of the Ring Road and Cairo-Ismailia Road, according to statement on Tuesday.

This is part of Marakez‘s investment plan in Egypt which includes more than EGP 20 billion focusing on projects in Cairo and other governorates with a new mall scheduled to open every year: Mall of Tanta in 2019, Town Center in 2020, and Mall of Katameya and Mall of Mansoura within the next two years.