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With investments exceeding EGP 100 million: Majid Al Futtaim inaugurates its Mall of Egypt Road

by تكنو فن
ديسمبر 19, 2022
Reading Time: 4 mins read
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With investments exceeding EGP 100 million: Majid Al Futtaim inaugurates its Mall of Egypt Road

With investments exceeding EGP 100 million: Majid Al Futtaim inaugurates its Mall of Egypt Road

Majid Al Futtaim, the leading shopping mall, communities, retail and leisure pioneer across the Middle East, Africa and Asia, inaugurated the Mall of Egypt Road in the 6th of October City under the auspices of the Ministry of Housing, Utilities and Urban Communities and the New Urban Communities Authority on December 18, 2022. The six-kilometer road, established in partnership with the Egyptian Armed Forces Engineering Authority, witnessed an investment of over EGP 100, providing the community with alternative routes to and from various key locations within 6th of October City and Sheikh Zayed City. The project also included the road’s lighting and landscaping, further showcasing Majid Al Futtaim’s commitment to positively contributing to the country’s infrastructure.

The inauguration was attended by Mr. Adel El Naggar, Head of the 6th of October City Development Authority, on behalf of H.E. Dr. Assem el Gazzar, Minister of Housing, Utilities and Urban Communities, Representative Saboura El-Sayed, a member of the House of Representatives and Assistant Secretary of the Mostaqbal Watan Party, Mr. Hani Shaker, Chairman of the Security Council, Ms. Hanan Abdel-Azim, Deputy Head of the 6th of October City Authority, Major General Amgad Anwar, Director of the General Administration of Giza Traffic, and Mr. Radi Khalil, Deputy Head of the 6th of October Authority, amongst other governmental figures, in addition to some of the region’s top real estate leaders.

Adel El Naggar, Head of the 6th of October City Development Authority, stated: “The implementation of this road is the beginning of a fruitful collaboration between the Ministry of Housing, represented by the New Urban Communities Authority, and the private sector, represented by Majid Al Futtaim. The project showcases the Authority‘s keenness in involving the private sector in the country’s development witnessed during President El-Sisi’s presidency, specifically with regards to the establishment of new cities, which the authority is currently contributing to, along with a number of investors – all with a total investment of 1.1 trillion Egyptian Pounds.“

Diaa Yahia, Country Head at Majid Al Futtaim Properties Egypt, added: “At Majid Al Futtaim, we strongly believe that entities have a responsibility towards the communities in which they operate, and need to play an integral role in the development of their surrounding environment. With that said, we are honoured to host the inauguration of our Mall of Egypt Road with our esteemed partners, the Ministry of Housing, Utilities and Urban Communities, the 6th of October City Development Authority, the New Urban Communities Authority and the Egyptian Armed Forces Engineering Authority, building on our contributions to the development of the country’s infrastructure.”

Yahia added: “This remarkable milestone is a testament to Majid Al Futtaim’s contribution to the local infrastructure, which has included the development of over 18 kilometers of roads, two bridges, five roundabouts and two pedestrian bridges – all during the construction of Mall of Egypt, City Centre Almaza and City Centre Maadi. That achievement also reflects Mall of Egypt’s vision to provide neighboring communities with a safe and comfortable journey to and from its premises. Not only can visitors reach our mall easily, but the local community is now provided with alternative routes to improve traffic and facilitate commuting. With that said, we hope to continue introducing partnerships that will support our society.”

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