{"id":650362,"date":"2017-03-22T04:17:41","date_gmt":"2017-03-22T04:17:41","guid":{"rendered":"https:\/\/enterpriseam.com\/egypt\/2017\/03\/22\/al-hokair-to-invest-egp-15-bn-over-the-next-three-years-to-expand-mall-of-arabia\/"},"modified":"2017-03-22T04:17:41","modified_gmt":"2017-03-22T04:17:41","slug":"al-hokair-to-invest-egp-15-bn-over-the-next-three-years-to-expand-mall-of-arabia","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/egypt\/2017\/03\/22\/al-hokair-to-invest-egp-15-bn-over-the-next-three-years-to-expand-mall-of-arabia\/","title":{"rendered":"Al Hokair to invest EGP 15 bn over the next three years to expand Mall of Arabia"},"content":{"rendered":"<p><strong>Saudi\u2019s Al Hokair Group is looking to invest around EGP 15 bn in Egypt over the next three years to expand the Mall of Arabia brand<\/strong>, says Ashraf Farid, chief business development officer of Marakez \u2014 Alhokair\u2019s subsidiary in Egypt. The expansion plans include building three new Mall(s) of Arabia in Tanta, New Cairo, and the new administrative capital, he tells <a href=\"http:\/\/www.alborsanews.com\/2017\/03\/21\/997978\">Al Borsa<\/a>. The company also plans to complete second phase of the Mall of Arabia project in Six October City, which includes a residential development that was the subject of a <a href=\"https:\/\/enterprise.press\/stories\/2016\/04\/24\/investment-minister-to-intercede-on-behalf-of-al-hokair-over-mall-of-arabia-expansion-dispute\/\">dispute with the New and Urban Communities Authority<\/a>.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Saudi\u2019s Al Hokair Group is looking to invest around EGP 15 bn in Egypt over the next three years to expand the Mall of Arabia brand, says Ashraf Farid, chief business development officer of Marakez \u2014 Alhokair\u2019s subsidiary in Egypt. The expansion plans include building three new Mall(s) of Arabia in Tanta, New Cairo, and [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"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":[72,2380],"brand":[],"newspack_spnsrs_tax":[],"class_list":["post-650362","post","type-post","status-publish","format-standard","hentry","category-speed-round","tag-enterpriseam","tag-speed-round","wpautop","entry"],"acf":{"mongo_id":"8ebb4fe8-00c6-4aa5-8dc6-b8257821d6b6","order":"0","is_powered_by":true,"section_story_id":"63381cfb-72fb-4e88-990b-396a01cb5c2d","story_type":"1","photo_url":"","photo_position":"above","related_issue":[650348],"teaser":"","voice_url":""},"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v27.1 (Yoast SEO v27.1.1) - https:\/\/yoast.com\/product\/yoast-seo-premium-wordpress\/ -->\n<title>Al Hokair to invest EGP 15 bn over the next three years to expand Mall of Arabia - 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\/2017\/03\/22\/al-hokair-to-invest-egp-15-bn-over-the-next-three-years-to-expand-mall-of-arabia\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Al Hokair to invest EGP 15 bn over the next three years to expand Mall of Arabia\" \/>\n<meta property=\"og:description\" content=\"Saudi\u2019s Al Hokair Group is looking to invest around EGP 15 bn in Egypt over the next three years to expand the Mall of Arabia brand, says Ashraf Farid, chief business development officer of Marakez \u2014 Alhokair\u2019s subsidiary in Egypt. The expansion plans include building three new Mall(s) of Arabia in Tanta, New Cairo, and [&hellip;]\" \/>\n<meta property=\"og:url\" content=\"https:\/\/enterpriseam.com\/egypt\/2017\/03\/22\/al-hokair-to-invest-egp-15-bn-over-the-next-three-years-to-expand-mall-of-arabia\/\" \/>\n<meta property=\"og:site_name\" content=\"EnterpriseAM Egypt\" \/>\n<meta property=\"article:published_time\" content=\"2017-03-22T04:17:41+00:00\" \/>\n<meta name=\"author\" content=\"enterpriseam admin\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"enterpriseam admin\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"1 minute\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2017\/03\/22\/al-hokair-to-invest-egp-15-bn-over-the-next-three-years-to-expand-mall-of-arabia\/#article\",\"isPartOf\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2017\/03\/22\/al-hokair-to-invest-egp-15-bn-over-the-next-three-years-to-expand-mall-of-arabia\/\"},\"author\":{\"name\":\"enterpriseam admin\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#\/schema\/person\/ca597032db7e4db868359c123cec256d\"},\"headline\":\"Al Hokair to invest EGP 15 bn over the next three years to expand Mall of Arabia\",\"datePublished\":\"2017-03-22T04:17:41+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2017\/03\/22\/al-hokair-to-invest-egp-15-bn-over-the-next-three-years-to-expand-mall-of-arabia\/\"},\"wordCount\":117,\"publisher\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#organization\"},\"keywords\":[\"EnterpriseAM\",\"SPEED ROUND\"],\"articleSection\":[\"Speed Round\"],\"inLanguage\":\"en-US\"},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2017\/03\/22\/al-hokair-to-invest-egp-15-bn-over-the-next-three-years-to-expand-mall-of-arabia\/\",\"url\":\"https:\/\/enterpriseam.com\/egypt\/2017\/03\/22\/al-hokair-to-invest-egp-15-bn-over-the-next-three-years-to-expand-mall-of-arabia\/\",\"name\":\"Al Hokair to invest EGP 15 bn over the next three years to expand Mall of Arabia - 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The amount\u2026","rel":"","context":"In &quot;Speed Round&quot;","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":648358,"url":"https:\/\/enterpriseam.com\/egypt\/2017\/04\/02\/hyde-park-launches-egp-15-bn-residential-projects\/","url_meta":{"origin":650362,"position":1},"title":"Hyde Park launches EGP 15 bn residential projects","author":"enterpriseam admin","date":"2 April 2017","format":false,"excerpt":"Hyde Park is launching two residential projects in New Cairo and on the North Coast worth a combined EGP 15 bn, the company announced at the CityScape Egypt real estate conference on Friday, Al Borsa reports. The company has begun taking orders for the second phase of Park Corner, part\u2026","rel":"","context":"In &quot;Speed Round&quot;","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":642933,"url":"https:\/\/enterpriseam.com\/egypt\/2017\/08\/27\/al-hokair-group-to-invest-egp-3-bn-in-damietta-furniture-city\/","url_meta":{"origin":650362,"position":2},"title":"Al Hokair group to invest EGP 3 bn in Damietta Furniture City","author":"enterpriseam admin","date":"27 August 2017","format":false,"excerpt":"INVESTMENT WATCH- Saudi Arabia\u2019s Al Hokair Group plans to invest EGP 3 bn in various projects at the Damietta Furniture City, said Damietta Governor Ismail Taha, according to Al Masry Al Youm. The company had signed an MoU on Wednesday which would see it run and operate the commercial hub\u2026","rel":"","context":"In &quot;Speed Round&quot;","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":626536,"url":"https:\/\/enterpriseam.com\/egypt\/2018\/07\/04\/ikea-to-open-at-mall-of-arabia-by-2020\/","url_meta":{"origin":650362,"position":3},"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 &quot;Other Business News of Note&quot;","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":622867,"url":"https:\/\/enterpriseam.com\/egypt\/2018\/10\/15\/marakez-repays-egp-2-bn-loan-for-mall-of-arabia\/","url_meta":{"origin":650362,"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). 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