Marakez, one of mixed-use developers in Egypt, has signed a contract with the Internal Trade Development Authority (ITDA) to acquire five additional feddans, bringing its total land area to 51 feddans in Mansoura, Daqahleya governorate.
Aly El Meselhy, Minister of Supply and Internal Trade, stated: “Our cooperation with Marakez to establish this logistical, commercial, administrative, and entertainment district comes within a framework of implementing the directives of President Abdel Fattah El-Sisi, to develop and enhance the internal trade system in Egypt.”
Daqahleya Governor Ayman Mokhtar said that the cooperation between the public and private sector stems from a national vision that considers the private sector a key partner in achieving the country’s sustainable development in the coming years. Additionally, this collaboration sets the scene for private sector to support by creating job opportunities that place Daqahleya as an investment-attractive governorate, particularly as Marakez succeeded in implementing Mall of Tanta in Gharbeya governorate which stands as one of the main shopping and entertainment destinations there, provided a full-fledged service to its citizens.
Marakez CEO Basil Ramzy said: “Acquiring these additional 5 acres within the integrated commercial, logistics, administrative, and entertainment zone is part of Marakez expansion plan to develop shopping destinations that offer a full range of offerings.”
Mall of Mansoura will feature a 6,000 sqm hypermarket, a 10-screen Cineplex, a food court, dining and entertainment facilities, and international fashion brands all centered around a series of outdoor piazzas with over 2,150 parking spaces. The mall is spread over 150,000 sqm and will feature 45,000 sqm of built-up area and 40,000 sqm of Gross Leasable Area (GLA), as well as an outdoor space for activities and family fun.
Mall of Mansoura is the second commercial development Marakez has undertaken in the Delta region and the second internationally modeled mall outside Greater Cairo and Alexandria. Mall of Tanta, which was opened in 2019, is the first internationally modeled mall in any of Egypt’s secondary governorates occupying over 135,000 sqm.
Mall of Mansoura and Mall of Tanta are part of Marakez’s strategic investment plan in Egypt of more than EGP 24bn.