IKEA Opens Mini Store in Mall of Arabia

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 ...

Mall of Arabia Hosts CIB PSA World Tour Finals for 1st Time

West Cairo's Mall of Arabia, one of the commercial projects built by Marakez for Real Estate Investment, a subsidiary of Saudi Arabia’s Fawaz Alhokair Group, was selected by the prestigious Professional Squash Ass ...

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

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

Marakez Pays Off Mall of Arabia’s EGP 2 bn Loan

Marakez for Real Estate Investment, a subsidiary of Saudi Arabia’s Fawaz Alhokair Group, has fully paid off Mall of Arabia's EGP 2 bn credit facility to the Commercial International Bank (CIB) and other banks, "en ...

IKEA to Open Second Store in Egypt

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 Mi ...

Amid Devaluation, Real Estate Companies Re-Evaluate Sales Strategies

A number of real estate companies are reconsidering the pricing for their projects that will be executed this year due to the recent devaluation of the local currency.

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