PROJECTS: Egypt's Afaaq Construction completes Amorada Mall

Project is part of $38mln Amorada mixed-use project

  
A worker wearing a protective face mask works on a building under construction. Image used for illustrative purpose.

A worker wearing a protective face mask works on a building under construction. Image used for illustrative purpose.

REUTERS/Mohamed Abd El Ghany

Egypt's Afaaq Construction and Real Estate Investment said on Tuesday that it has completed its 160-million Egyptian pound ($10 million) Amorada Mall in New Cairo.

Amorada Mall is the commercial component of the 600 million Egyptian pounds ($38 million) Amorada mixed-use development.

The developer reduced the area of the mall from 4,800-square metres (sqm) to 2,300 sqm to expedite the completion of the residential portion last year amid COVID-19 pandemic, a company spokesperson told Zawya Projects.

He didn't disclose the total number of units but said the developer will sell all the units instead of retaining them for leasing.

(1 US Dollar = Egyptian Pounds)

(Writing by Marwa Abo Almajd; Editing by Anoop Menon)

(anoop.menon@refinitiv.com)

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