Cairo – November, 19, 2024 - AMA Real Estate Development is set to bring a groundbreaking transformation to the retail sector in New Aswan with the launch of its mega-project, Al Masa Mall, at a total investment exceeding EGP 500 million.
In a press statement today, Eng. Moataz Abu El-Hassan, Chairman of the Board, revealed that the mall is being constructed on a sprawling 11,000 square meters and is expected to open its doors to the public within the next six months.
Eng. Moataz Abu El-Hassan: "Spanning 11,000 sqm, this project will revolutionize the retail sector"
“We are proud to announce this major project, which represents a significant milestone for New Aswan,” said Abu El-Hassan. “This mall will provide a qualitative leap in the retail sector and offer visitors a wide range of services and facilities to ensure an enjoyable and comfortable shopping experience.”
Eng. Abdel Rahim Hussein, Managing Director of the company, emphasized the mall's potential to boost economic activity in New Aswan and create more job opportunities for young people.
Eng. Abdel Rahim Hussein: "We aim to provide a delightful and convenient shopping experience, with the mall set to open in six months"
“This project is a major addition to the urban landscape of New Aswan,” Hussein stated. “It will feature a diverse range of retail shops, Egyptian brands, and an entertainment area designed to cater to the needs of all family members.”
Eng. Walid Al-Ansari, General Manager of the company, noted that this initiative aligns with AMA’s strategic vision to expand its customer base and attract leading local brands to the mall, ensuring adherence to global standards.
Eng. Walid Al-Ansari: "We’re targeting major local brands, adhering to the highest international standards"
“This monumental project reflects AMA’s confidence in the future of New Aswan and highlights the importance of investing in the city’s commercial sector,” Al-Ansari explained. “It also demonstrates our capability to attract investments and generate new job opportunities, further solidifying the city’s position as a promising commercial and tourist destination.”
Founded in Aswan in 1977, AMA Real Estate Development specializes in infrastructure, real estate development, and flood protection.