IKEA

  • Second IKEA Store in Egypt Now Opens at Mall of Arabia
    Developers

    Second IKEA Store in Egypt Now Opens at Mall of Arabia

    Thursday, 4 March 2021

    IKEA, the region’s leading Swedish home furnishing retailer, and a member of Al-Futtaim Group of companies, has successfully opened doors to its second store in Egypt at Mall of Arabia expecting to receive up to three million visitors in the first year, Invest-Gate reports.

  • Marakez Gets EGP 395 mn Loan for Mall of Arabia Expansion
    Developers

    Marakez Gets EGP 395 mn Loan for Mall of Arabia Expansion

    Tuesday, 12 November 2019

    Marakez for Real Estate Investment, a subsidiary of Saudi Arabia's Fawaz Alhokair Group, has signed a long-term loan agreement with Emirates NBD Egypt to provide EGP 395 mn worth of funds for Mall of Arabia's new expansion plans.

  • IKEA Opens Mini Store in Mall of Arabia
    Events

    IKEA Opens Mini Store in Mall of Arabia

    Tuesday, 27 August 2019

    Sweden-based retail giant IKEA inaugurated on August 26 a new small-format store at phase II extension of Marakez for Real Estate Investment's Mall of Arabia, better known as "The Expansion," amid celebrating six years of success in the Egyptian market.

  • Majid Al Futtaim to Open New Retail Project in Dubai By Year-End
    Developers

    Majid Al Futtaim to Open New Retail Project in Dubai By Year-End

    Monday, 15 July 2019

    Dubai-based Majid Al Futtaim has announced plans to launch its latest retail project in UAE next December, named "Festival Plaza" and situated at the heart of Dubai's mixed-use development, Wasl Gate.

  • El Wadi Eyes EGP 400 mn in Sales of Agora Sidi Abdel Rahman
    Developers

    El Wadi Eyes EGP 400 mn in Sales of Agora Sidi Abdel Rahman

    Monday, 13 May 2019

    El Wadi for Tourism and Real Estate Investment aims to record nearly EGP 400 mn in sales of its flagship resort in the North Coast, Agora Sidi Abdel Rahman, in 2019, while planning to launch 400 residential units at the project during the same year.

  • Marakez, Al-Futtaim Misr to Open West Cairo’s 1st IKEA Store by 2020
    Investment

    Marakez, Al-Futtaim Misr to Open West Cairo’s 1st IKEA Store by 2020

    Sunday, 23 December 2018

    Marakez for Real Estate Investment, a subsidiary of Fawaz Al Hokair Group, has signed a long-term agreement with Al-Futtaim Misr for Retail to open a new IKEA store at the Mall of Arabia in West Cairo by 2020

  • IKEA to Open Second Store in Egypt
    Investment

    IKEA to Open Second Store in Egypt

    Thursday, 5 July 2018

    The second IKEA store is set to come to West Cairo as MARAKEZ for Real Estate Investment, a subsidiary of Saudi Arabia’s Fawaz Alhokair Group, recently signed a Memorandum of Understanding (MoU) with Al-Futtaim Misr for Retail to open the store at Mall of Arabia