MRB company, one of the pioneer companies that provides variable facility management services, submits its papers in a tender offered by the New Administrative Capital Company for the management and operation of 12 malls in the government district, Invest-Gate reports.

MRB’s founder and CEO Mohamed Rashed states that only three companies have applied to this tender, including his company.

It is worth noting that MRB is currently executing facility management contracts worth EGP 3 bn, covering 50 commercial and residential projects across the country.

Rashed notes that 35 projects are located in the New Administrative Capital while the remaining 15 are distributed across various governorates.

He points out that his company collaborated with near 500 brands over 20 years in the field of management and operation.

He concludes that operating the government district’s malls will stimulate other brands to participate, and further brands are expected to join the market in 2023.