Amaar Group breaks ground on 369 feddan mall with EGP 300 mn Egyptian-Saudi investments

Egyptian real estate developer Amaar Group announced on Sunday it has broken ground on its EGP 300 mn commercial and service mall project in Sixth October City, the Standard Republic reports, citing Amwal Al Ghad. Amaar Group is partnering with Saudi Arabia’s Al Saqqaf Real Estate Company to fund and execute three projects for investments north of EGP 1 bn, Amaar chairman Abeer Essam tells Al Mal. In addition to the mall, the two firms will also co-develop the Arena Business Park and the last phase of the residential Sanabel project.