With a project value of $1,635 million, the AARED/HPD – Gardenia City – Egypt project was the largest Shopping Centres & Retail Malls construction project in Egypt on which construction started in Q1 2022. The AARED/HPD – Gardenia City – Egypt project is located in Egypt and initially announced in Q1 2021 with an estimated completion in Q4 2027. The Pyramids Developments – Mega Mall Pyramids – Egypt project was the second-largest project with a project value of $127 million, on which construction work started in Q1 2022. The Pyramids Developments – Mega Mall Pyramids – Egypt project is located in Egypt and initially announced in Q1 2016 with an estimated completion in Q3 2025.
The Pyramids – Paris East Mall Development – NAC project was the third-largest project, the Taj Misr Developments – Ezdan Mall – Egypt was the fourth-largest project, and the IC Group - Souq El-Dahab Mall - Egypt was the fifth-largest project with a project value of $121 million, $96 million and $80 million respectively. The Pyramids – Paris East Mall Development – NAC project located in Egypt was announced in Q3 2019 with an estimated completion in Q4 2025, the Taj Misr Developments – Ezdan Mall – Egypt project located in Egypt was announced in Q1 2020 with an estimated completion in Q3 2025 and the IC Group - Souq El-Dahab Mall - Egypt project located in Egypt was announced in Q3 2020 with an estimated completion in Q4 2025.
Among the five largest projects, the AARED/HPD – Gardenia City – Egypt project is the longest in terms of completion date, with construction expected to be completed in Q4 2027. On the other hand, the Pyramids Developments – Mega Mall Pyramids – Egypt project is the shortest in terms of completion date, with construction expected to be completed in Q3 2025.
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