TMG, GMG to Build 2 Stores in Madinaty

TMG, GMG to Build 2 Stores in Madinaty

Talaat Moustafa Group (TMG) signs agreement with food, health, and consumer goods company, GMG, to launch two new locations at Open Air Mall and All Seasons Park in Madinaty.

Under the agreement, GMG will launch its home-grown concept, Sun & Sand Sports, the Middle East’s largest sports retailer, at the newly launched mall, All Seasons Park.

The company will also open a Nike store at the highly sought-after Open-Air Mall.

The two stores will occupy an area of nearly 1,600 sqm. They are slated for inauguration in 2023.

David Reilly, Chief Leasing Officer at GMG, says: “Talaat Moustafa Group is Egypt’s premier real estate developer, and we are thrilled to partner with Talaat Moustafa Group to open two premier outlets at strategic locations in Cairo.”

Imad El Ghazal, Senior Vice President – Sports, Africa, notes: “Egypt is a strategically important market for GMG, and we are confident that both our new stores – Sun & Sand Sports and Nike – at Madinaty – All Seasons Park and Open-Air Mall, respectively, will be well-received.”

All Seasons Park includes 32,000 sqm of gross leasable area (GLA) and contains 230 stores spread over three floors.

Open Air Mall comprises 92,000 sqm of GLA spread across eight different themed buildings. The mall is operational from 2019.


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