
Majid Al Futtaim unveils Junction: A landmark business and lifestyle hub in West Cairo
Cairo, Egypt – Majid Al Futtaim, a leading shopping mall, communities, retail, and leisure pioneer across the Middle East, Africa, and Asia, today announced the official launch of Junction, its first-ever business park in Egypt. Strategically located next to the Mall of Egypt, Junction is a cutting-edge, eco-conscious development that integrates smart technology with premium amenities to attract a diverse range of businesses. The launch of this latest development plays a pivotal role in Majid Al Futtaim's refounding journey and marks a bold step in expanding its commercial footprint, reinforcing the company's long-term commitment to Egypt's economic growth and urban development.
Bringing together the premium business and lifestyle offerings, Junction spans over more than 129,000 sqm across two interconnected plots. The development features 13 cutting-edge office buildings, a curated retail and F&B experience, and sustainable infrastructure designed to achieve LEED Gold Certification.
As a flagship development within Majid Al Futtaim's extensive investment portfolio in Egypt, Junction represents a dedicated investment of EGP 15 billion into West Cairo's commercial landscape. With more than 8,000 of direct and indirect roles created, Junction contributes significantly to Egypt's ongoing economic growth and urban evolution.
'Junction marks a pivotal step in our continued commitment to shaping vibrant, future-ready communities across Egypt,' commented Ahmed El Shamy, Chief Executive Officer of Majid Al Futtaim Properties. In this project, we are not just developing office spaces, we are building an integrated ecosystem that fosters innovation, attracts visionary talent, and sets a new standard for mixed-use business destinations in the region. As Egypt's market continues to show strong growth and demand for world-class infrastructure, Junction is our response: a sustainable, forward-thinking environment designed to support long-term economic vitality and environmental stewardship.'
Designed with flexibility and future-readiness at its core, the business park encompasses 97,000 sqm of state-of-the-art space, offering contemporary architecture, cascading terraces, double-height lobbies, and shaded promenades that prioritize climate-conscious design. Tenants and visitors will benefit from more than 1,700 parking spaces, 40 vibrant retail outlets, 15 distinctive F&B destinations, and seamless pedestrian access to the Mall of Egypt delivering a perfectly integrated experience where productivity, connectivity, and lifestyle converge.
With a proven track record in delivering transformative business parks across Oman and Lebanon, Majid Al Futtaim brings trusted regional expertise to Egypt's rapidly evolving commercial landscape. Junction is more than a workplace, it's a catalyst for a thriving, future-focused business community.
Hashtags

Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles


Tourism Breaking News
4 days ago
- Tourism Breaking News
Egypt's Travel & Tourism Sector contributes EGP 1.4 Trillion to GDP in 2024 : WTTC
Post Views: 52 According to WTTC's latest Economic Impact Research (EIR), developed in collaboration with Oxford Economics, the sector contributed EGP 1.4TN to Egypt's GDP in 2024, accounting for 8.5% of the national economy. Looking ahead, 2025 is projected to set a new all-time high with a forecast annual growth of 4.9% and increase in the sector's share to 8.6% of national GDP. This underlines the central role of Travel & Tourism in Egypt's continued economic development. 2024 also marked the strongest year on record for visitor spending. International visitor expenditure reached EGP 726.9BN, up 36.1% compared to 2019, while domestic visitor spending rose to EGP 449.9BN, 31.8% above pre-pandemic levels. This upward trend is set to continue. In 2025, international visitor spending is projected to increase to EGP 768.2BN, and domestic spending is expected to reach EGP 460.6BN, maintaining the country's strong recovery and sustained demand across both international and local travel. In addition to record-breaking economic contribution and visitor spending, in 2024, the sector supported 2.7 million jobs, exceeding the 2019 peak. This growth is set to continue, with 2025 employment forecast to rise to 2.9 million, marking a 22.3% increase compared to 2019. Julia Simpson, WTTC President & CEO, said: 'Egypt's Travel & Tourism sector is experiencing a powerful resurgence, with record-breaking economic contribution and a sustained surge in visitor spending. These numbers reflect a sector on the rise: dynamic, resilient, and vital to the country's growth. 'With its rich cultural heritage, world-class attractions, and growing connectivity, Egypt continues to captivate travellers from around the globe. The government's focus on investment, infrastructure, and sustainable tourism is clearly paying off.' WTTC forecasts a decade of sustained expansion for Egypt's Travel & Tourism sector. By 2035, the sector is expected to contribute EGP 2.1TN to the national economy, accounting for 8.4% of GDP. Employment is projected to reach 3.8 million jobs, representing 10.5% of total employment, and highlighting the sector's critical role in job creation. Over the same period, international visitor spending is expected to rise to EGP 1.1TN, while domestic spending is forecast to reach EGP 627BN, reflecting Egypt's potential to become one of the region's most vibrant and sustainable tourism economies.


Zawya
5 days ago
- Zawya
Egypt: FRA approves Dice's capital hike
Arab Finance: The Financial Regulatory Authority (FRA) greenlighted Dice Sport and Casual Wear's capital hike, bringing the authorized capital to EGP 2.5 billion, instead of EGP 500 million, according to a bourse filing. Dice will also increase its issued and paid-up capital to EGP 535.993 million from EGP 357.328 million. The company will allocate EGP 178.664 million, distributed over 893.322 million shares, with a nominal value of EGP 0.20 per share. © 2020-2023 Arab Finance For Information Technology. All Rights Reserved. Provided by SyndiGate Media Inc. (


Zawya
6 days ago
- Zawya
Egypt: USD/EGP exchange rates remain stable on mid-Monday
Arab Finance: The exchange rate of the US dollar to Egyptian pound declined during Monday's mid-session, hitting EGP 50.63 for buying and EGP 50.67 for selling at the National Bank of Egypt (NBE) at 1:44 PM. The USD traded at EGP 50.59 for purchasing and EGP 50.69 for selling at Banque Misr at 1:17 PM. At the Commercial International Bank Egypt (CIB), the exchange rate recorded EGP 50.61 for purchasing and EGP 50.71 for selling. © 2020-2023 Arab Finance For Information Technology. All Rights Reserved. Provided by SyndiGate Media Inc. (