MARAKEZ, the subsidiary of the Saudi conglomerate and mall developer Fawaz AlHokair Group, increases its District Five Residences in New Katameya, by expanding 68 acres to the existing 100 acres, bringing the total area to 168 acres, Invest-Gate reports.

CEO of MARAKEZ Eng. Basil Ramzy says, “Our flagship project in East Cairo, District Five, is an ambitious integer development with the key elements that we believe are necessary to create a vibrant and thriving community.”

Ramzy adds, “Our D5R connection has achieved record sales this year, adding an unprecedented rate of development, encouraging us to grow our land bank in New Katameya and increasing supply. With delivery starting this year on the D5R coinciding with the first phase of the D5 Mall opening next year.”

MARAKEZ’s award-winning designs and successful track record of delivering topnotch quality homes ahead of schedule has placed MARAKEZ among industry leaders in a short time. With significant investment in infrastructure to connect the project to Road 90 and the rest of New Cairo, the D5 in New Katameya in the southern extension of New Cairo provides easy access to Downtown Cairo, Maadi, Nasr City, New Capital, and Ain El Sokhna.

The MARKEZ projects are anchored by the flagship Mall of Arabia in western Cairo and include the first residential towers on 6 October AEON, as well as the D5 Mall, Mindhaus and District Five housing project in New Katameya. This in addition to the opening of the Mall of Tanta in 2019, the Town Center in 2020 and the upcoming opening of the Mall of Mansoura.