MARAKEZ is one of Egypt’s leading mixed-use real estate developers. The company was established as a local subsidiary of Fawaz Al Hokair Group in September 2015, after the group had already invested in Egypt’s retail and real estate market following the launch of Mall of Arabia Cairo in December 2010.
MARAKEZ develops and manages residential, retail, office, entertainment, and mixed-use destinations. Its portfolio includes Mall of Arabia, AEON, District 5, Mindhaus, Mall of Tanta, Mall of Mansoura, Town Center, and newer expansions across East Cairo and the North Coast.
MARAKEZ History and Establishment
The roots of MARAKEZ’s parent group, Fawaz Al Hokair Group, go back to 1989, when the group began as a retail business before expanding into sectors such as fashion, hospitality, financial services, healthcare, energy, and real estate development. According to MARAKEZ’s official website, the group’s real estate arm operates a network of 17 shopping malls and manages more than 1.6 million square meters of prime retail real estate.
In Egypt, the story began with Mall of Arabia Cairo. The group then formed MARAKEZ in September 2015 as a local Egyptian subsidiary with a mandate to redevelop and uplift Mall of Arabia and launch new malls, residential developments, food and beverage concepts, and entertainment chains across the country.
MARAKEZ Projects
MARAKEZ’s portfolio spans residential, retail, office, and entertainment assets, making the company a mixed-use developer rather than a purely residential developer. Key projects include:
- Mall of Arabia: a major West Cairo asset in 6th of October City. Banque Misr data describes it as spanning around 148 feddans, with around 420 retail units and approximately 142,000 square meters of gross leasable area.
- AEON: a West Cairo residential project that MARAKEZ describes as the first high-rise residential living experience in 6th of October City.
- District 5: an East Cairo mixed-use destination combining residential, office, retail, entertainment, and services.
- Mindhaus / District 5 Work: office spaces inside District 5 designed for companies, entrepreneurs, and growing teams.
- Mall of Tanta: a Tanta retail destination with more than 140 shops, according to the official MARAKEZ website.
- Mall of Mansoura: a Dakahlia retail project described by MARAKEZ as covering around 155,000 square meters of land.
- RAMLA: a residential coastal project in Ras El Hekma on Egypt’s North Coast.
MARAKEZ in Numbers
The available public figures show MARAKEZ’s scale as both a real estate developer and asset operator. However, no verified public total is available for delivered residential units across the whole company, so the delivered-units field should remain blank unless a direct official total becomes available.
| MARAKEZ Egypt establishment | 2015 |
| Mall of Arabia Cairo launch | December 2010 |
| Parent group real estate portfolio | 17 shopping malls and more than 1.6 million sqm of retail real estate |
| Mall of Arabia | Around 148 feddans, 420 retail units, and approximately 142,000 sqm GLA |
| Mall of Tanta | More than 140 shops |
| Mall of Mansoura | Around 155,000 sqm of land |
| Verified delivered-unit total | No verified public total is available for delivered units. |
MARAKEZ Vision and Development Focus
MARAKEZ’s stated vision is to envision, build, and manage mixed-use developments that become the heart and soul of the communities they serve. Its mission is to become the first-choice mixed-use developer in Egypt and the wider region. This explains why the company combines residential products with retail, offices, entertainment, and food and beverage experiences.
The strategy is visible in District 5, where MARAKEZ brings together homes, D5M, Club5, and District 5 Work in one destination. It is also visible in Mall of Arabia, Mall of Tanta, and Mall of Mansoura, which operate as commercial anchors serving residents and visitors in West Cairo and the Delta.
Recent MARAKEZ Developments
In January 2026, MARAKEZ secured EGP 3 billion in project finance from Kuwait Finance House – Egypt to support the expansion of District 5, including an additional approximately 17,000 square meters of gross leasable office area at Mindhaus Campus. In February 2026, Banque Misr announced a medium-term credit facility of up to EGP 3 billion to support MARAKEZ’s operations and improve operational efficiency.
In April 2026, Baker McKenzie announced that it had advised MARAKEZ on a medium-term financing agreement valued at EGP 5.5 billion with QNB Egypt. The financing is intended to support the residential and commercial expansion of District 5. These transactions point to continued expansion in East Cairo, supported by recurring-revenue assets such as Mall of Arabia.
Frequently Asked Questions About MARAKEZ
When was MARAKEZ founded in Egypt?
MARAKEZ was established as a local subsidiary of Fawaz Al Hokair Group in Egypt in September 2015.
What are MARAKEZ’s main projects?
MARAKEZ’s main projects include Mall of Arabia, AEON, District 5, Mindhaus, Mall of Tanta, Mall of Mansoura, and RAMLA.
Is MARAKEZ only a residential developer?
No. MARAKEZ is a mixed-use developer working across residential communities, malls, offices, retail, entertainment, and food and beverage destinations.
How many units has MARAKEZ delivered?
No verified public total is available for MARAKEZ’s company-wide delivered residential units, so the delivered-units field should remain empty until an official total is published.
What is the relationship between MARAKEZ and Fawaz Al Hokair Group?
MARAKEZ is a local subsidiary of Fawaz Al Hokair Group, a group founded in 1989 with extensive retail and real estate experience in Saudi Arabia and the wider Middle East.