Egypt-based Pyramids Developments began on July 10 construction works at its fourth commercial project in the New Administrative Capital (NAC), dubbed “Paris Mall,” at an investment value of EGP 2 bn, Invest-Gate reports. 

Paris Mall is slated to be the biggest mall in the new capital, stretching over 23,600 square meters, Chairman of Pyramids Developments Hesham Elkhouly said during a recent site visit. 

It will comprise commercial, administrative, and medical units, with spaces starting at 18 square meters, which will be offered at a 0% downpayment and payment plans reaching up to 15 years, Elkholy uncovered.

The chairman noted that Pyramids Developments is a key developer in the establishment and management of premium commercial centers as well as residential compounds, particularly in NAC. 

Pyramids Developments has also launched three other malls in the new capital during the past period, namely La Capitale, Champ Elysees, and Grand Square Mall. In addition, it proclaimed back in March its intentions to unveil two tourism projects on the North Coast and New Alamein in the second half of 2019.