Gates Developments announced the signing of an agreement with TMT Trading and Distribution Company to launch the first branch of the French hypermarket “Monoprix” in Sheikh Zayed City within the SPACE project. This move reflects the company’s success in attracting global brands and enhancing the integrated services offered by the mixed-use development in West Cairo.

SPACE Project: An Integrated Investment Destination

This decision further confirms the prestigious position of the SPACE project as one of the most prominent modern commercial and administrative developments in the region, spanning a total area of approximately 33,600 square meters. The project is developed in partnership with Khairat Investment Group, owned by Saudi businessman Mr. Abdulaziz Abdullah Abdulaziz Al-Essa. It is distinguished by its innovative architectural design, advanced infrastructure, and strategic location connecting Sheikh Zayed City and 6th of October City, making it an ideal destination for leading companies and institutions seeking an integrated business environment that combines modernity and professionalism.

Monoprix: A Leading French Retail Brand

Monoprix is one of the most prominent French retail brands, established in 1932. It is known for offering a comprehensive shopping experience that includes groceries, hypermarket products, fashion, cosmetics, home décor, and leisure goods. The brand operates more than 140 stores across 16 countries.

Strategic Location Enhancing the Shopping Experience

The selection of the French brand “Monoprix” for the SPACE project in Sheikh Zayed reflects the project’s compliance with the highest international standards. It confirms that it was the optimal choice among available options, thanks to its prime location on the 26th of July Corridor in the heart of West Cairo. This ensures easy accessibility and strengthens its ability to serve a wide customer base, offering a premium French retail experience.

Strategic Partnerships Strengthening the Project

The agreement was signed in the presence of Mr. Hassan Nasr, CEO of Gates Developments, and Dr. Mahmoud Monir Soliman, founder of TMT Trading and Distribution Company, which holds a diverse portfolio of brands in retail, food, and beverages, including Monoprix stores.

The addition of Monoprix represents another milestone in the list of brands partnering with Gates Developments within the SPACE project, alongside the “Ezz El Arab Group,” which will establish its new headquarters in SPACE, as well as Beauty Salon “Wissam Sarji,” the largest beauty salons, the Lebanese restaurant “Qarnfil,” and “eeetwell” for healthy meals. This reflects the project’s success in building an integrated commercial and business community hosting diverse brands serving multiple customer segments.

In this context, Mr. Hassan Nasr, CEO of Gates Developments, stated: “The addition of Monoprix represents a strong enhancement to the SPACE project and confirms the success of our strategy in attracting global brands that contribute to increasing the operational value of the project and strengthening its service integration.”