{"id":663795,"date":"2025-04-15T00:00:00","date_gmt":"2025-04-15T00:00:00","guid":{"rendered":"https:\/\/enterpriseam.com\/egypt\/2025\/04\/15\/majid-al-futtaim-launches-egp-15-bn-junction-project-in-west-cairo\/"},"modified":"2025-04-15T00:00:00","modified_gmt":"2025-04-15T00:00:00","slug":"majid-al-futtaim-launches-egp-15-bn-junction-project-in-west-cairo","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/egypt\/2025\/04\/15\/majid-al-futtaim-launches-egp-15-bn-junction-project-in-west-cairo\/","title":{"rendered":"Majid Al Futtaim launches EGP 15 bn Junction project in West Cairo"},"content":{"rendered":"

<\/a> <\/p>\n

Majid Al Futtaim Holdings\u2019 (MAF) Majid Al Futtaim Properties is investing EGP 15 bn in <\/strong>a new mixed-use project dubbed <\/strong>Junction<\/strong>, which will be located next to Mall of Egypt in West Cairo, CEO Ahmed El Shamy told EnterpriseAM. The project \u2014 which is being funded internally \u2014 will span 93k sqm and is slated for delivery within five years. It will feature 13 administrative and commercial buildings, as well as a five-star hotel with 150-200 rooms. El Shamy added that the company is close to signing a management contract with one of the world\u2019s leading hospitality brands for the project \u2014 a brand that will be making its Egypt debut in this new project.<\/p>\n

Egypt<\/strong> remains a promising market for MAF, with growing real estate demand.<\/strong> Majid Al Futtaim Properties is studying additional projects in both East Cairo and West Cairo, as well as the new administrative capital, El Shamy told us. Further expansions into new cities or governorates will come at a later stage, since \u201cdeveloping a successful mall in these areas requires significant population growth and adequate purchasing power,\u201d he added.<\/p>\n

MAF\u2019s <\/strong>portfolio<\/strong> in Egypt now stands at around USD 2.5 bn<\/strong> with the addition of Junction, El Shamy said. Across the broader region, the group has invested AED 45 bn (USD 12.25 bn), and sets aside AED 1.5-2 bn annually for new regional investments.<\/p>\n

Next stop is <\/strong>Riyadh<\/strong>, El Shamy told us.<\/strong> The company is preparing to launch projects in Saudi Arabia in 2025 and 2026, El Shamy said. The company owns land in Riyadh worth some SAR 3 bn and is looking to develop it, having already entered the Saudi market through its sister companies in retail and entertainment.<\/p>\n

But despite the company\u2019s expansions abroad, the <\/strong>UAE<\/strong> still remains one of its top<\/strong> investment priorities.<\/strong> Some 80% of MAF\u2019s total investments are concentrated in the UAE \u2014 and that\u2019s not changing any time soon. The group is looking to expand its land bank there and recently completed the third phase of its USD 1 bn Ghaf Woods<\/a> project in Dubai and is planning to expand it across 7-8 phases due to strong demand.<\/p>\n","protected":false},"excerpt":{"rendered":"

The mixed-use project will include 13 commercial and admin buildings and a 5-star hotel, and will be funded in-house, with unit delivery expected within five years.<\/p>\n","protected":false},"author":1,"featured_media":663796,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","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":[7371],"tags":[130,72,1896,83],"brand":[],"newspack_spnsrs_tax":[],"class_list":["post-663795","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-real-estate","tag-construction","tag-enterpriseam","tag-majid-al-futtaim","tag-real-estate","wpautop","entry"],"acf":{"mongo_id":"ef2ab1e9-d901-478a-8940-fae55f3de8ce","order":"6","is_powered_by":false,"story_type":"1","photo_url":"https:\/\/ent.news\/2025\/4\/865.jpg","photo_position":"above","homepage_title":"","full_issue_title":"Majid Al Futtaim launches EGP 15 bn Junction project in West Cairo","related_issue":[663785],"teaser":"The mixed-use project will include 13 commercial and admin buildings and a 5-star hotel, and will be funded in-house, with unit delivery expected within five years.","voice_url":"https:\/\/s3.us-east-1.amazonaws.com\/ent.news\/audio\/2025\/4\/.fb4e4131-c8f4-4d8a-92e0-b99987dcc947.mp3"},"yoast_head":"\nMajid Al Futtaim launches EGP 15 bn Junction project in West Cairo - 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The company will put EGP 14 bn into\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":603382,"url":"https:\/\/enterpriseam.com\/egypt\/2019\/04\/21\/majid-al-futtaim-to-invest-egp-700-mn-to-open-20-new-carrefour-outlets-in-egypt\/","url_meta":{"origin":663795,"position":1},"title":"Majid Al Futtaim to invest EGP 700 mn to open 20 new Carrefour outlets in Egypt","author":"enterpriseam admin","date":"21 April 2019","format":false,"excerpt":"Majid Al-Futtaim Group (MAF) is planning to invest EGP 700 mn in Egypt this year to open 20 new Carrefour outlets, Carrefour Egypt Country Manager Jean Luc Montague told reporters on Thursday, according to the local press. Executive Regional Manager Herve Majidier had previously said MAF will invest USD 500\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":591474,"url":"https:\/\/enterpriseam.com\/egypt\/2019\/12\/08\/majid-al-futtaim-to-invest-egp-44-bn-in-egypt-inaugurates-usd-580-mn-city-center-almaza\/","url_meta":{"origin":663795,"position":2},"title":"Majid Al Futtaim to invest EGP 44 bn in Egypt, inaugurates USD 580 mn City Center Almaza","author":"enterpriseam admin","date":"8 December 2019","format":false,"excerpt":"INVESTMENT WATCH- Majid Al Futtaim to invest EGP 44 bn in Egypt in the coming years: Dubai-based real estate developer and retail giant Majid Al Futtaim (MAF) will invest EGP 44 bn in Egypt in the coming years, CEO Alain Bejjani said, according to a cabinet statement. Bejjani had told\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":593520,"url":"https:\/\/enterpriseam.com\/egypt\/2019\/10\/01\/majid-al-futtaim-opens-egp-6-8-bn-city-center-almaza-in-heliopolis\/","url_meta":{"origin":663795,"position":3},"title":"Majid Al Futtaim opens EGP 6.8 bn City Center Almaza in Heliopolis","author":"enterpriseam admin","date":"1 October 2019","format":false,"excerpt":"INVESTMENT WATCH- Majid Al Futtaim opens EGP 6.8 bn Heliopolis mall: UAE-based real estate developer and retail giant Majid Al Futtaim (MAF) opened yesterday its EGP 6.8 bn City Center Almaza shopping mall in Heliopolis, Al Mal reported. The mall includes 260 retail shops, a cinema and a Carrefour hypermarket.\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":632798,"url":"https:\/\/enterpriseam.com\/egypt\/2018\/02\/20\/majid-al-futtaim-to-open-100-new-carrefour-stores\/","url_meta":{"origin":663795,"position":4},"title":"Majid Al Futtaim to open 100 new Carrefour stores","author":"enterpriseam admin","date":"20 February 2018","format":false,"excerpt":"INVESTMENT WATCH- MAF to open 100 new Carrefour stores in Egypt. Majid Al Futtaim (MAF) signed a cooperation protocol with the Investment Ministry and the National Service Projects Organization to open 100 Carrefour stores in industrial zones across Egypt. \u201cThis agreement comes in line with Majid Al Futtaim\u2019s commitment towards\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":604724,"url":"https:\/\/enterpriseam.com\/egypt\/2018\/12\/11\/maf-to-invest-usd-500-mn-in-egypt-next-year\/","url_meta":{"origin":663795,"position":5},"title":"MAF to invest USD 500 mn in Egypt next year","author":"enterpriseam admin","date":"11 December 2018","format":false,"excerpt":"INVESTMENT WATCH- MAF to invest USD 500 mn in Egypt next year: Majid Al-Futtaim Group (MAF) is planning to invest USD 500 mn in Egypt next year, Executive Regional Manager Herve Majidier told Al Mal. The company is aiming to open 15-18 new Carrefour outlets of varying sizes including branches\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\/663795","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=663795"}],"version-history":[{"count":0,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/posts\/663795\/revisions"}],"acf:post":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/issue\/663785"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/media\/663796"}],"wp:attachment":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/media?parent=663795"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/categories?post=663795"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/tags?post=663795"},{"taxonomy":"brand","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/brand?post=663795"},{"taxonomy":"newspack_spnsrs_tax","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/newspack_spnsrs_tax?post=663795"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}