MARAKEZ
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Developers
MARAKEZ Latest Development ‘Town Center’ Now Open
Wednesday, 2 December 2020
MARAKEZ for Real Estate Investment, one of the largest malls and commercial developers and operators in Egypt, announced the official opening of Town Center on December 1.
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Developers Events
First Virtual Real Estate Exhibition “Vestate Expo” Launched
Tuesday, 20 October 2020
For the first time, Egypt sees, on October 20, Vestate Expo, the biggest virtual expo in the country hosting up to 50 developers and attracting over 2500 visitors across the MENA region, Invest-Gate reports.
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Developers
Marakez Secures EGP 670 mn Loan for Mall of Katameya
Wednesday, 12 August 2020
Fawaz AlHokair Group’s mall development unit Marakez has signed an EGP 670 mn syndicated loan agreement with multiple local banks to finance the execution of phase II of east Cairo's Mall of Katameya.
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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.
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Developers
Marakez to Open Largest Mall in Delta Region Next Fall
Wednesday, 19 June 2019
Marakez for Real Estate Investment, a subsidiary of Saudi Arabia’s Fawaz Alhokair Group, plans to launch Gharbia Governorate’s first internationally-modeled shopping complex, Mall of Tanta, in fall 2019.
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Developers
MARAKEZ Awards Hassan Allam Construction of AEON Towers
Wednesday, 24 April 2019
Egypt's mixed-use developer Marakez has awarded Hassan Allam Construction, a subsidiary of Hassan Allam Holding (HAH), the construction work of AEON Towers in West Cairo, Invest-Gate reports.
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Developers
Marakez Acquires Land Plot in Mansoura for New Mall
Monday, 8 April 2019
Marakez for Real Estate Investment, a subsidiary of Saudi Arabia’s Fawaz Alhokair Group, has acquired a 47-acre land plot from the Internal Trade Development Authority (ITDA) in Mansoura city to develop a new internationally modeled commercial mall.
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Developers
Marakez to Open Mall of Tanta in August
Tuesday, 19 March 2019
Marakez for Real Estate Investment, a subsidiary of Saudi Arabia’s Fawaz Alhokair Group, plans to open its latest commercial project, Mall of Tanta, in Gharbia governorate next August, with total investments of about EGP 1 bn.
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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
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Developers
Marakez Pays Off Mall of Arabia’s EGP 2 bn Loan
Tuesday, 16 October 2018
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, "enabling the mall to operate debt free"
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Last Modified February 25, 2021