Under the patronage of Prime Minister Mostafa Madbouly, General Manager of MARAKEZ launches the foundation of the 198,000 sqm commercial/logistics area in Mansoura, El Dakahlia Governorate, Invest-Gate reports.
With EGP 1 bn in investments dedicated to the first phase of Mall of Mansoura, MARAKEZ brings for the second time world-class retail, dining, and entertainment options to the Delta region, serving the needs of more than seven mn people living in Dakahlia Governorate. Located five minutes away from Downtown Mansoura and on the Mansoura – Talkha road, the mall spread over 150,000 sqm features 45,000 sqm built-up area and 40,000 sqm of the gross leasable area as well as an outdoor space for activities and family fun, according to a company press release on March 22.
“Since our inception, serving the diverse retail needs of the people in Egypt’s secondary cities has always been a key component to our business strategy,” Basil Ramzy, CEO of MARAKEZ, says. “This commercial & logistics area will dramatically enhance the leisure, retail and entertainment options available to millions of people across the Delta region while creating thousands of job opportunities and contributing to the economic growth of the area,” he adds.
Mall of Mansoura will feature a 6,000 sqm hypermarket, an 8 screen Cineplex, a food court, dining and entertainment facilities, fashion brands all centered around a series of outdoor piazzas with over 1,850 parking spaces all catering for a wide audience base while creating over 20,000 direct and indirect job opportunities throughout its development and operation, the statement reads.
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 is part of MARAKEZ’s strategic investment plan in Egypt of more than EGP 20 bn focusing on key projects in Cairo and other governorates.
