Explore the latest trends and actionable insights on the Construction Projects market to inform business strategy and pinpoint opportunities and risks.

Middle East and Africa: Five Largest Shopping Centres & Retail Malls Construction Projects Started in Q1 2022

  • 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.

Middle East and Africa: Five Largest Shopping Centres & Retail Malls Construction Projects Started in Q1 2022

Published: July 2022
Source: GlobalData

Explore the latest trends and actionable insights on the Construction Projects market to inform business strategy and pinpoint opportunities and risks. Explore the latest trends and actionable insights on the Construction Projects market to inform business strategy and pinpoint opportunities and risks. Visit Report Store
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