Grand Touristic and Real Estate Development to invest EGP 250 mn in developing Shorouk City mall

Grand Touristic and Real Estate Development is planning to invest EGP 250 mn to develop a 6.5-feddan shopping mall in Shorouk City, according to CEO Ali Ramadan. Grand will partner with other investors to cover the cost of the land, while the company will cover the development costs. Ramadan did not disclose the expected timeline for the mall’s development.