Egypt, Elsewedy review progress on Ain Sokhna phosphate complex    US employment cost index 3.6% up in year to June 2025    Egypt welcomes Canada, Malta's decision to recognise Palestinian state    Pakistan says successfully concluded 'landmark trade deal' with US    Sterling set for sharpest monthly drop since 2022    Egypt, Brazil sign deal to boost pharmaceutical cooperation    Modon Holding posts AED 2.1bn net profit in H1 2025    Egypt's Electricity Ministry says new power cable for Giza area operational    Egypt's Al-Sisi, Italian defence minister discuss Gaza, security cooperation    Egypt's FM discusses Gaza, Nile dam with US senators    Aid airdrops intensify as famine deepens in Gaza amid mounting international criticism    Egypt exports first high-tech potato seeds to Uzbekistan after opening market    Health minister showcases AI's impact on healthcare at Huawei Cloud Summit    On anti-trafficking day, Egypt's PM calls fight a 'moral and humanitarian duty'    Egypt strengthens healthcare partnerships to enhance maternity, multiple sclerosis, and stroke care    Egypt keeps Gaza aid flowing, total tops 533,000 tons: minister    Indian Embassy to launch cultural festival in Assiut, film fest in Cairo    Egyptian aid convoy heads toward Gaza as humanitarian crisis deepens    Culture minister launches national plan to revive film industry, modernise cinematic assets    I won't trade my identity to please market: Douzi    Sisi sends letter to Nigerian president affirming strategic ties    Two militants killed in foiled plot to revive 'Hasm' operations: Interior ministry    Egypt, Somalia discuss closer environmental cooperation    Egypt's EHA, Huawei discuss enhanced digital health    Foreign, housing ministers discuss Egypt's role in African development push    Egypt reveals heritage e-training portal    Three ancient rock-cut tombs discovered in Aswan    Sisi launches new support initiative for families of war, terrorism victims    Egypt expands e-ticketing to 110 heritage sites, adds self-service kiosks at Saqqara    Egypt's Irrigation Minister urges scientific cooperation to tackle water scarcity    Palm Hills Squash Open debuts with 48 international stars, $250,000 prize pool    On Sport to broadcast Pan Arab Golf Championship for Juniors and Ladies in Egypt    Golf Festival in Cairo to mark Arab Golf Federation's 50th anniversary    Germany among EU's priciest labour markets – official data    Paris Olympic gold '24 medals hit record value    A minute of silence for Egyptian sports    Russia says it's in sync with US, China, Pakistan on Taliban    It's a bit frustrating to draw at home: Real Madrid keeper after Villarreal game    Shoukry reviews with Guterres Egypt's efforts to achieve SDGs, promote human rights    Sudan says countries must cooperate on vaccines    Johnson & Johnson: Second shot boosts antibodies and protection against COVID-19    Egypt to tax bloggers, YouTubers    Egypt's FM asserts importance of stability in Libya, holding elections as scheduled    We mustn't lose touch: Muller after Bayern win in Bundesliga    Egypt records 36 new deaths from Covid-19, highest since mid June    Egypt sells $3 bln US-dollar dominated eurobonds    Gamal Hanafy's ceramic exhibition at Gezira Arts Centre is a must go    Italian Institute Director Davide Scalmani presents activities of the Cairo Institute for ITALIANA.IT platform    







Thank you for reporting!
This image will be automatically disabled when it gets reported by several people.



SunCity Mall opens in Egypt at a price tag of LE 3 bln
Published in Daily News Egypt on 08 - 04 - 2012

CAIRO: SunCity, a new addition to Egypt's shopping and entertainment centers worth more than LE 3 billion (about $497 million) in total investments, officially opened last week.
This is the first retail flagship for HNS Group, an international contractor and real estate developer.
Located directly on the Ring Road, one of Egypt's most frequently used highways, the new mall launched its soft opening in December 2011. With most shops open, the mall launched full operations just last week.
“SunCity is built on approximately 28,000 square meters of land; over 7 levels with a total built area of 200,000 square meters. It provides over 1,000 new job opportunities to the local community,” HNS said in a statement.
Housing The Gabriel, a luxury 25-room boutique hotel, the mall caters as a getaway for travelers as it is also directly opposite of the Cairo International Airport. The new hotel is expected to offer 4 suites, a swimming pool on the roof, a restaurant, and a nightclub.
The mall also houses a wide range of entertainment facilities. The mall will host Royal Renaissance, the largest cinema complex in the Middle East, with 16 cinemas on 11,000 square meters. With more space, wider seats and extra legroom, four of the cinemas will also include VIP screens with ‘Lazy Boy' recliners.
“About 80 percent of the total retail space has already been leased. These include some of Egypt's top brand labels, such as Mango, Gap, Mother Care, H&M, the new Turkish fashion label LC Waikiki and White House,” the company said in a statement.
SunCity also hosts Carrefour, one of Egypt's most popular hypermarkets, to occupy about 6,000 square meters in the mall.
The shopping complex also has several casual and formal dining locations, with 45 venues including 17 restaurants, 11 coffee shops, and 16 food court outlets. Available restaurants will include Chili's, Abou Al-Sid, Makani, Starbucks, Costa, McDonald's, Burger King and Pizza Hut.
HNS Group for Real Estate, Tourism, Leisure and Entertainment Investments, L.L.C. launched in Egypt in 2005. HNS Group, however, is a privately held company that was launched by Hussein Nuaman Soufraki, a prominent Libyan investor, in 1961.
The group manages and operates several consolidated brands in various sectors including construction, development, property management, hospitality and financial services.
With offices in Cairo, Montreal, Istanbul and London, the company has over 20 subsidiaries in seven different countries with a portfolio of about $1 billion.
In addition to SunCity, HNS Group's investment portfolio in Egypt includes multiple high-end residential projects in Heliopolis, Korba, Dokki and Mohandiseen.
Salah El-Din Soufraki, managing director HNS Group.


Clic here to read the story from its source.