Orascom Construction Industries that شركتيها subsidiaries, namely: Orascom Construction and its wholly owned subsidiary, and a group Besix and owned her share of 50%, has obtained today a co between them to hold the amount of U.S. $ 400 million to create a shopping center called "Mall Egypt" (mall of Egypt) and owned by "Majid Al Futtaim Properties", and turnkey, and the mall will be built in Sixth of October City outside Cairo Governorate, it is expected that the project is completed within 34 months.
The center will be built shopping and entertainment "Mall Egypt" on an area of 162.500 square meters and will include a resort Theljia Ski and 17-screen cinema and 380 outlet and store Carrefour hypermarket and a yard external public parking and other facilities, and will be designed ski slope, which will carry the name "Eski Aaajabit" (ski
Said Peter Alishknowski, CEO "Majid Al Futtaim Properties": "owns Majid Al Futtaim Properties 20 years of experience in the development and management of shopping centers, noting that Egypt has economic fundamentals as strong as the demographics growing and dominated by a youth making a market rewarding and high potential for growth, and we are committed to strengthening our successes in Egypt and to continue our investments to support economic growth in the long run. "
Commented Nassef Sawiris, chairman of Orascom Construction Industries Executive by saying this is foreign investment the largest in Egypt since the election of the new government, and we are very happy manner the new government effective in reviewing regulatory approvals required for this project and we hope to continue to work with. Sawiris said that the establishment of "Mall of Egypt" represents a milestone in the Estrada Egypt's recovery and this investment refers to the return of foreign investment to Egypt again.
Eng also commented Osama Bishay, chief executive of the construction sector company Orascom Construction Industries said, "The construction group had a major role over the past decade in building major commercial projects in Egypt, which increases the total construction area of about two million square meters.
The center will be built shopping and entertainment "Mall Egypt" on an area of 162.500 square meters and will include a resort Theljia Ski and 17-screen cinema and 380 outlet and store Carrefour hypermarket and a yard external public parking and other facilities, and will be designed ski slope, which will carry the name "Eski Aaajabit" (ski
Said Peter Alishknowski, CEO "Majid Al Futtaim Properties": "owns Majid Al Futtaim Properties 20 years of experience in the development and management of shopping centers, noting that Egypt has economic fundamentals as strong as the demographics growing and dominated by a youth making a market rewarding and high potential for growth, and we are committed to strengthening our successes in Egypt and to continue our investments to support economic growth in the long run. "
Commented Nassef Sawiris, chairman of Orascom Construction Industries Executive by saying this is foreign investment the largest in Egypt since the election of the new government, and we are very happy manner the new government effective in reviewing regulatory approvals required for this project and we hope to continue to work with. Sawiris said that the establishment of "Mall of Egypt" represents a milestone in the Estrada Egypt's recovery and this investment refers to the return of foreign investment to Egypt again.
Eng also commented Osama Bishay, chief executive of the construction sector company Orascom Construction Industries said, "The construction group had a major role over the past decade in building major commercial projects in Egypt, which increases the total construction area of about two million square meters.
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