The new destination will be located in The Groove Sokhna Resort’s retail area, in Ain Sokhna region.
Under the agreement, Business Loop will conduct demographic and market studies for locations of Mawten’s projects to attract successful brands.
Central Avenue is an addition to the company’s outstanding and diverse projects launched in the Egyptian market over more than 20 years, in Cairo and Upper Egypt.
Mohammed Rashid, CEO of MRB, notes that the agreement includes conducting all the project’s marketing and sales studies, as well as the operational design and plans of activity distribution, residency, lease, and project management.
Under the agreement, the two companies will help offer cost- and time-efficient technology in Egypt.
Revenue rises to EGP 3.082 bn in January-September from EGP 1.383 bn last year.
The project will deliver clean power to over 800,000 homes. It will help Egypt’s efforts to transform towards renewable energy.
The project includes the development, design, financing, construction, and operation of a bulk water facility with a capacity of 40,000 cubic meters per day.
IMS Investment and Management Solutions announces its appointment as administrative and marketing advisor to the Volcano Mall project in New Cairo’s Fifth Settlement district, Invest-Gate reports.
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