Marakez for Real Estate Investment, a subsidiary of Saudi Arabia’s Fawaz Alhokair Group, has officially acquired a plot from the Internal Trade Development Authority (ITDA) to build Mansoura’s first regional internationally-modeled shopping complex, Mall of Mansoura, Invest-Gate reports.

Coming as part of Marakez’s commitment to creating “spaces for life,” the new commercial project aspires to be the biggest retail and commercial center in the Delta region. It is scheduled to open in 2021 and is set to offer more than 10,000 job opportunities on-site, according to the company’s official Facebook page on July 9.

On April 8, Marakez unveiled plans to acquire a 47-acre land plot in Mansoura from ITDA to establish a new mall, with investments worth EGP 1.4 bn, aiming to serve as a regional retail, dining, and entertainment hub, while meeting the needs of Delta residents, including 7 mn people living in Dakahlia province, the company said in an earlier statement.

Mall of Mansoura will feature a hypermarket, cineplex, food court, dining and entertainment areas, as well as, local and international fashion brands, all complemented with 1,500 parking lots, the statement revealed.

The Saudi developer’s new mall in Mansoura marks the second commercial development it has undertaken in the Delta region, following the establishment of Mall of Tanta – which is due to open next fall, marking the first internationally-modeled mall in Egypt’s secondary governorates.

Since entering the Egyptian market in 2015, Marakez has consolidated multi-sector investments of AlHokair Group, worth EGP 15 bn. From east to west Cairo, to secondary cities such as the Nile Delta – or satellite cities such as 6th of October City, the real estate firm brings significant depth and breadth of experience into commercial, retail, and residential properties, while creating thousands of job opportunities for local citizens.