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) 

(anoop.menon@refinitiv.com

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