Real estate developer Damac Properties awarded the main construction contract for the first phase of its shopping mall project “Park Avenue” at New Cairo, the firm said in a statement.
Industrial construction and engineering company SIAC will begin works on Park Avenue, which is at the gateway to the Hyde Park residential development.
Park Avenue will be a high-end retail destination, and among the biggest in the Middle East, with over 1700 shops at New Cairo. The project will be developed in three phases. As part of phase one, SIAC will construct 309 retail units over a built up area of 29,206 square meters.
