Pyramids Developments Unveils 5th Commercial Project in NAC

Pyramids Developments Unveils 5th Commercial Project in NAC

Pyramids Developments has unveiled Paris East Mall, its fifth commercial project in the New Administrative Capital (NAC), with sales exceeding EGP 1.5 bn in less than 48 hours, Invest-Gate reports.

Serving over 50,000 people residing in R3 and R2 districts, the new hub will cover ​​27,000 square meters, with a built-up area of 104,000 square meters, according to the company’s recent press release, noting that the 12-story building will comprise commercial, entertainment, and leisure spots.

Chairman of Pyramids Developments Hesham Elkhouly highlighted that the company have celebrated the latest launch by offering a 10% discount for those who bought two commercial units, confirming, “Paris East Mall is being established with investments estimated at EGP 2 bn.”

El Kholy underlined that the new center will host the first and largest dolphin show in Egypt, along with the largest aquarium, a simulation of a tropical forest above the mall, among other entertainment activities and leisure pursuits.

The Egypt-based property developer is implementing another four commercial malls in NAC, namely Paris Mall, La Capitale, Champ Elysees, and Grand Square Mall, with investments totaled at roughly EGP 6 bn.

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