With a project value of $1,635 million, the AARED/HPD – Gardenia City – Egypt project was the largest Shopping Centres & Retail Malls project in the Middle East and Africa, 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 ASAAS – Al Hafa Waterfront Mixed-Use Development – Oman project was the second-largest project with a project value of $500 million, on which construction work started in Q1 2022. The ASAAS – Al Hafa Waterfront Mixed-Use Development – Oman project is located in Oman and initially announced in Q3 2017 with an estimated completion in Q4 2024.
The AC – Riyadh Mall of Arabia – Saudi Arabia project was the third-largest project, the Ministerio do Interior – Luanda Outlet Mall – Angola was the fourth-largest project, and the Pyramids Developments – Mega Mall Pyramids – Egypt was the fifth-largest project with a project value of $480 million, $150 million and $127 million respectively. The AC – Riyadh Mall of Arabia – Saudi Arabia project located in Saudi Arabia was announced in Q1 2013 with an estimated completion in Q2 2025, the Ministerio do Interior – Luanda Outlet Mall – Angola project located in Angola was announced in Q3 2020 with an estimated completion in Q4 2023 and the Pyramids Developments – Mega Mall Pyramids – Egypt project located in Egypt was announced in Q1 2016 with an estimated completion in Q3 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 Ministerio do Interior – Luanda Outlet Mall – Angola project is the shortest in terms of completion date, with construction expected to be completed in Q4 2023.
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