Description
Marakez Developments is one of the largest companies in the huge Egyptian real estate market. It is also considered one of the leading companies in this vast real estate field due to the huge projects it has launched and achieved an unprecedented percentage of sales, which contributed to the implementation of many residential and commercial projects inside the Arab Republic of Egypt and outside Egypt as well in the Arab world. It is also considered the main investment arm of Fawaz Alhokair Companies in Egypt. The beginnings of the Fawaz Alhokair Group also date back to 1989 AD, when the three brothers Fawaz, Salman and Abdul Majeed Abdul Aziz Alhokair founded two men's clothing stores. Today, the group owns a diverse portfolio of investments ranging from construction, financial services, healthcare, hospitality, energy, fashion and real estate development. The group’s fashion retail business spans 16 countries, operating over 2,100 stores and representing over 80 global brands. Fawaz Alhokair Group’s real estate business currently operates a network of 17 shopping malls and manages over 1.6 million square meters of prime commercial real estate. Fawaz Alhokair Group is the largest retail developer in Saudi Arabia and one of the largest retail developers in the Middle East. The group has expanded its business operations beyond the borders of Saudi Arabia and has invested in retail and real estate sectors across the Middle East, North Africa, the United States and Central Asia.