Mall of Egypt ‘on track’

Despite ongoing political uncertainty, the Mall of Egypt is “on track,” Majid Al Futtaim has said.

The 160,000sq.m property, which is being built in Cairo, is to include a family entertainment centre.

MAF Properties CEO George Kostas told Gulf Business that the company is still aiming to deliver the project by January 2016.

“We faced some delay last year for one or two months, but the contractor is doing well,” he said. “They are making good progress on the site.”

MAF is taking a “long-term view” when it comes to the market in Egypt, Kostas said, noting that the company has been working in the country for nearly two decades.

“We like Egypt, we like the opportunity it offers our businesses, we are very committed to the country and as a result, people have supported us,” he added.