Prime Group to establish first international outlet mall in Egypt

Prime Group’s real estate development arm has signed a contract to develop Egypt’s first international outlet mall, company chairman Tamer Wagih said, according to an emailed statement (pdf). “Prime Outlet Cairo” will be located on the regional ring road, close to the new administrative capital. It is due for inauguration in 18 months, and will be managed by London-based Freeport Retail.