MARAKEZ, one of Egypt’s leading mixed-use developers is awarded a prestigious win to add to its previous ones. District 5 by MARAKEZ was selected by the Global Retail and Leisure (RLI) distinguished juries as the winner of the Most Anticipated Opening for its commercial project; District 5, in addition to being nominated under the awards’ “2022 Developer of the Year” category.
The global award recognizes achievements and ground-breaking projects around the world, celebrating the most visionary and innovative retail and leisure concepts from across the globe. Following a hybrid edition last year, this year, Global RLI comes to Riyadh, bringing the highly coveted award to a land abounding with various opportunities.
MARAKEZ has received the “Most Anticipated Opening” award for its District 5 in recognition of its architectural excellence and its unique and innovative concept that brings creativity and modernism to the local community that is eagerly awaiting the opening of the cutting-edge facility.
MARAKEZ’s signature mixed-use project in East Cairo – District 5, is the first of its kind walkable destination encompassing an office park, retail, F&B and entertainment which will set the benchmark for mixed-use development in Egypt. The opening of its leisure area is widely anticipated due to MARAKEZ’s reputation for pioneering partnerships and social experiences provided for its visitors.
Across projects, a network of varied collaborations enriches the immersive experience MARAKEZ offers with community events including motorcycle rodeo shows, edutainment facilities, and sports races, among others.
Basil Ramzy, CEO of MARAKEZ commented “We are proud to bring home another award that celebrates MARAKEZ’s ingenuity in both the commercial and residential sectors. Being the only Egyptian developer to receive an award this year from the Global RLI places us among the top industry leaders as we constantly seek to offer engaging and sustainable living experiences to our customers”.
MARAKEZ manages to take commercial projects to the next level through connecting people and places —physically and socially— by creating memorable, enduring experiences. The company’s attractions are all marked by their designer installations, strong partnerships powered through sustainable practices, which perfectly qualifies District 5 for “Most Anticipated Opening” award.
Arriving to the Egyptian market only 7 years ago, Marakez has grown strongly, based on a track record of speedy quality execution for residential, commercial and office spaces.
From East Cairo to West Cairo, from secondary cities such as the Nile Delta or satellite cities such as Sixth of October, MARAKEZ brings significant depth and breadth of experience in commercial, retail, and residential real-estate including food and entertainment, while creating thousands of job opportunities for Egyptians.
