{"id":605122,"date":"2018-12-23T04:40:13","date_gmt":"2018-12-23T04:40:13","guid":{"rendered":"https:\/\/enterpriseam.com\/egypt\/2018\/12\/23\/west-cairo-is-getting-an-ikea-as-marakez-al-futtaim-ink-agreement\/"},"modified":"2018-12-23T04:40:13","modified_gmt":"2018-12-23T04:40:13","slug":"west-cairo-is-getting-an-ikea-as-marakez-al-futtaim-ink-agreement","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/egypt\/2018\/12\/23\/west-cairo-is-getting-an-ikea-as-marakez-al-futtaim-ink-agreement\/","title":{"rendered":"West Cairo is getting an Ikea as Marakez, Al Futtaim ink agreement"},"content":{"rendered":"

<\/a> EXCLUSIVE- West Cairo is getting an Ikea.<\/b> Fawaz AlHokair Group\u2019s Marakez has inked a long-term lease agreement with Al Futtaim Misr for Retail to open a 20k sqm Ikea store at Mall of Arabia in West Cairo, according to a statement (pdf)<\/a>. The outlet will be the second in Egypt for the Swedish home furnishing brand following its inaugural store in Cairo Festival City. Construction on the facility at Mall of Arabia will begin in January, with the store set to open in 2020 as an anchor of Mall of Arabia\u2019s phase two extension. \u201cThe Ikea brand has been incredibly successful since its introduction in Egypt. Bringing Ikea to the Mall of Arabia enriches the retailing experience for all of West Cairo and reinforces the Mall of Arabia\u2019s position as the premier shopping destination,\u201d said our friend Dasha Badrawi, vice-executive chairman of AlHokair Group.<\/p>\n","protected":false},"excerpt":{"rendered":"

EXCLUSIVE- West Cairo is getting an Ikea. Fawaz AlHokair Group\u2019s Marakez has inked a long-term lease agreement with Al Futtaim Misr for Retail to open a 20k sqm Ikea store at Mall of Arabia in West Cairo, according to a statement (pdf). The outlet will be the second in Egypt for the Swedish home furnishing […]<\/p>\n","protected":false},"author":1,"featured_media":605123,"comment_status":"closed","ping_status":"open","sticky":false,"template":"single-feature.php","format":"standard","meta":{"_acf_changed":false,"newspack_ads_suppress_ads":false,"newspack_popups_has_disabled_popups":false,"newspack_sponsor_sponsorship_scope":"","newspack_sponsor_native_byline_display":"inherit","newspack_sponsor_native_category_display":"inherit","newspack_sponsor_underwriter_style":"inherit","newspack_sponsor_underwriter_placement":"inherit","ep_exclude_from_search":false,"_primary_brand":0,"newspack_featured_image_position":"","newspack_post_subtitle":"","newspack_article_summary_title":"Overview:","newspack_article_summary":"","newspack_hide_updated_date":false,"newspack_show_updated_date":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[8572],"tags":[72,1485,2380],"brand":[],"newspack_spnsrs_tax":[],"class_list":["post-605122","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-speed-round","tag-enterpriseam","tag-ikea","tag-speed-round","wpautop","entry"],"acf":{"mongo_id":"53d041ad-e305-47ba-ac88-e1d909c2022c","order":"0","is_powered_by":true,"section_story_id":"4024760b-2891-4716-88f8-7e1c3c2316c2","story_type":"1","photo_url":"https:\/\/ent.news\/2018\/12\/807.jpg","photo_position":"above","related_issue":[605115],"teaser":"","voice_url":""},"yoast_head":"\nWest Cairo is getting an Ikea as Marakez, Al Futtaim ink agreement - EnterpriseAM Egypt<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/enterpriseam.com\/egypt\/2018\/12\/23\/west-cairo-is-getting-an-ikea-as-marakez-al-futtaim-ink-agreement\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"West Cairo is getting an Ikea as Marakez, Al Futtaim ink agreement\" \/>\n<meta property=\"og:description\" content=\"EXCLUSIVE- West Cairo is getting an Ikea. Fawaz AlHokair Group\u2019s Marakez has inked a long-term lease agreement with Al Futtaim Misr for Retail to open a 20k sqm Ikea store at Mall of Arabia in West Cairo, according to a statement (pdf). 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Fawaz AlHokair Group\u2019s Marakez inked a long-term lease agreement with Al Futtaim Misr\u2026","rel":"","context":"In "Other Business News of Note"","block_context":{"text":"Other Business News of Note","link":"https:\/\/enterpriseam.com\/egypt\/category\/other-business-news-of-note\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/internal\/536550.png?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]},{"id":592939,"url":"https:\/\/enterpriseam.com\/egypt\/2019\/11\/12\/marakez-signs-egp-395-mn-loan-with-emirates-nbd-egypt-for-new-ikea-store\/","url_meta":{"origin":605122,"position":1},"title":"Marakez signs EGP 395 mn loan with Emirates NBD Egypt for new Ikea store","author":"enterpriseam admin","date":"12 November 2019","format":false,"excerpt":"Fawaz AlHokair Group\u2019s Marakez has signed a EGP 395 mn long-term loan agreement with Emirates NBD Egypt to finance a 20k sqm Ikea store at Mall of Arabia, NBD corporate banking head Amr Azab said. Marakez inked a long-term lease agreement last December with Al Futtaim Misr for Retail, which\u2026","rel":"","context":"In "Banking + Finance"","block_context":{"text":"Banking + Finance","link":"https:\/\/enterpriseam.com\/egypt\/category\/banking-finance\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/internal\/536550.png?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]},{"id":626536,"url":"https:\/\/enterpriseam.com\/egypt\/2018\/07\/04\/ikea-to-open-at-mall-of-arabia-by-2020\/","url_meta":{"origin":605122,"position":2},"title":"IKEA to open at Mall of Arabia by 2020","author":"enterpriseam admin","date":"4 July 2018","format":false,"excerpt":"Al Hokair Group\u2019s Marakez for Real Estate Investment signed an MoU with Al Futtaim Misr for Retail, to open an IKEA store at Mall of Arabia by 2020, according to a company statement (pdf). This will be the Swedish retailer\u2019s second store in Egypt following its Cairo Festival City store.","rel":"","context":"In "Other Business News of Note"","block_context":{"text":"Other Business News of Note","link":"https:\/\/enterpriseam.com\/egypt\/category\/other-business-news-of-note\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/internal\/536550.png?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]},{"id":627004,"url":"https:\/\/enterpriseam.com\/egypt\/2018\/07\/17\/efg-hermes-arranges-usd-18-mn-worth-of-loans-for-marakez-to-finance-new-residential-project-in-new-cairo\/","url_meta":{"origin":605122,"position":3},"title":"EFG Hermes arranges USD 18 mn-worth of loans for Marakez to finance new residential project in New Cairo","author":"enterpriseam admin","date":"17 July 2018","format":false,"excerpt":"INVESTMENT WATCH- EFG Hermes arranges USD 18 mn-worth of loans for Marakez to finance new residential project in New Cairo: EFG Hermes has reportedly arranged USD 18 mn-worth of loans for Al Hokair Group\u2019s Marakez for Real Estate Investment, sources with knowledge of the matter tell Al Mal. The amount\u2026","rel":"","context":"In "Speed Round"","block_context":{"text":"Speed Round","link":"https:\/\/enterpriseam.com\/egypt\/category\/speed-round\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/internal\/536550.png?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]},{"id":622867,"url":"https:\/\/enterpriseam.com\/egypt\/2018\/10\/15\/marakez-repays-egp-2-bn-loan-for-mall-of-arabia\/","url_meta":{"origin":605122,"position":4},"title":"Marakez repays EGP 2 bn loan for Mall of Arabia","author":"enterpriseam admin","date":"15 October 2018","format":false,"excerpt":"** #2 Marakez repays EGP 2 bn facility for Mall of Arabia: Fawaz Al Hokair\u2019s Egyptian unit, Marakez, has pre-paid in full an EGP 2 bn credit facility for Mall of Arabia extended by CIB and other banks, Marakez announced yesterday (pdf). Marakez took out the facility in 2008, and\u2026","rel":"","context":"In "Speed Round"","block_context":{"text":"Speed Round","link":"https:\/\/enterpriseam.com\/egypt\/category\/speed-round\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/internal\/536550.png?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]},{"id":574669,"url":"https:\/\/enterpriseam.com\/egypt\/2020\/09\/17\/covid-is-slowing-the-pace-of-foreign-investment-in-egypt\/","url_meta":{"origin":605122,"position":5},"title":"Covid is slowing the pace of foreign investment in Egypt","author":"enterpriseam admin","date":"17 September 2020","format":false,"excerpt":"Covid is slowing the pace of foreign direct investment in Egypt, two announcements yesterday suggest. Kuwait\u2019s Arzan Financial Group has postponed its Egypt expansion plans \u2014 including setting up an investment bank \u2014 until 2022, citing covid, Al Mal report. Mohamed Asran, the CEO of Arzan\u2019s Egypt-based brokerage firm, says\u2026","rel":"","context":"In "Speed Round"","block_context":{"text":"Speed Round","link":"https:\/\/enterpriseam.com\/egypt\/category\/speed-round\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/internal\/536550.png?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]}],"_links":{"self":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/posts\/605122","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/comments?post=605122"}],"version-history":[{"count":0,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/posts\/605122\/revisions"}],"acf:post":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/issue\/605115"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/media\/605123"}],"wp:attachment":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/media?parent=605122"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/categories?post=605122"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/tags?post=605122"},{"taxonomy":"brand","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/brand?post=605122"},{"taxonomy":"newspack_spnsrs_tax","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/newspack_spnsrs_tax?post=605122"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}