PROJECTS: Egypt's Mardev Developments starts construction of Skylight Mall in new capital

$16mln project is scheduled for completion by end-2022

Rendering of Skylight Mall in Egypt's New Administrative Capital.

Rendering of Skylight Mall in Egypt's New Administrative Capital.

Mardev Developments/handout via Zawya Projects

Egyptian developer Mardev Developments has started constructing its 250 million pounds ($16 million) Skylight Mall in the New Administrative Capital (NAC), the company's CEO said. 

Mohamed Zohdy told Zawya Projects that the two-storey mall, spread over 3,000 square metres, will include 83 stores and is scheduled for completion by the end-2022. 

ACE Arab Consulting Engineers is the main consultant. 

Zohdy said the developer has also launched the 200-unit third phase of its Menorca residential project in the NAC. 

He added that the company would invest 400 million pounds ($25 million) into both projects during 2021. 

(1 US Dollar = 15.64 Egyptian Pounds) 

(Reporting by Eman Hamed; Editing by Anoop Menon) 


Disclaimer: This article is provided for informational purposes only. The content does not provide tax, legal or investment advice or opinion regarding the suitability, value or profitability of any particular security, portfolio or investment strategy. Read our full disclaimer policy here.

© ZAWYA 2021