[ Cairo, EGYPT ]
Scheduled to open in 2016, the 160,000-square meter Mall of Egypt will be a supermall dominating the western half of the greater Cairo metropolis. Total development costs are estimated at $800 million.
The mall will be a sister brand to Mall of the Emirates, combining a unique leisure offering to complement the strong value, fashion and lifestyle retail precincts that characterize Majid Al Futtaim Properties malls. The mall will feature a range of international fashion and lifestyle retail brands (380 outlets), a Carrefour hypermarket, a Ski Egypt ski park, a 17-screen cinema, a family entertainment center and over 50 food and beverage outlets.
The USD $400 million construction contract has been awarded to a 50/50 joint venture between Orascom Construction and BESIX Group.
The company has two existing malls in Egypt, in Alexandria and in Maadi.
A project of Majid Al-Futtaim Holding (Dubai). Majid Al Futtaim was founded in 1992 and it opened its first shopping mall in Dubai in 1995. According to the company’s website, the Majid Al Futtaim Group has become the leading retail and leisure pioneer in the MENA and Central Asia.