“The project is being developed on an area of 20,000 sqm, with a retail area of 7,000 sqm,” noted Hamdy, adding, “the mall’s investments amounted to EGP 350m and the company has started its construction.”
Hamdy pointed out that the project will also include underground garages. The mall is being developed by Knowledge, Vision, Research, Development (KVRD), in cooperation with OUD, and includes about 20 shops and 30 administrative offices. It is being marketed by B2B for Investment and Real Estate Marketing.
The company has already marketed about 25% of the project’s units and is expected to complete its marketing by 2019, said Hamdy.
The mall is inside Fountain Park, a residential project on 55 feddans that includes 136 villas and twin houses, as well as the first dancing fountain in Egypt, according to Hamdy.
He explained that the Fountain Park project is completely sold out; however, six units are still being developed and will be delivered by the beginning of 2019.