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Marakez acquires land in Mansoura to establish EGP 1.4bn commercial mall

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 …

Daily News Egypt

Marakez signs 15-year lease agreement with Spinneys for Mall of Tanta

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, …

Daily News Egypt

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