Sakn Developments Sells Out First Phase of “Park U Mall” in El Shorouk; Launches Second Phase with EGP 4.8 Billion Investment
Sakn Developments, one of Egypt’s leading real estate developers, has announced the complete sell-out of the first phase of its landmark commercial and administrative project, “Park U Mall” in El Shorouk City. The milestone reflects strong investor demand and growing confidence in the company’s vision and expansion strategy across East Cairo.
EGP 4.8 Billion Investment in Phase Two
The announcement coincides with the company’s preparations to launch the second phase of Park U Mall, with total investments estimated at EGP 4.8 billion. The project spans an area of 15,000 square meters, positioning it as one of the largest mixed-use developments in El Shorouk City.
Prime Location at the Heart of El Shorouk
Strategically located on El Horreya Axis, Park U Mall enjoys a unique advantage at one of the city’s most vibrant hubs linking El Shorouk to the New Administrative Capital. The project is a cornerstone of Sakn’s broader vision to deliver integrated commercial and administrative developments that enhance urban living standards and foster sustainable investment environments in Egypt’s new cities.
Client Trust and Market Confidence
Eng. Waleed Khattab, CEO of Sakn Developments, attributed the remarkable sales success to the strength of the Sakn brand and its reputation for quality and reliability.
> “The sell-out of Park U Mall’s first phase is a major milestone that reflects the deep trust we’ve built with both clients and investors. From the start, we were committed to offering a refined architectural design and comprehensive services that meet modern market needs, ensuring a distinctive experience for investors and visitors alike,” Khattab said.
He added that the second phase will include a balanced mix of commercial, administrative, and medical units, with contemporary designs maximizing space efficiency. Flexible payment plans of up to eight years will be available, making the project accessible to a wide range of investors. The company aims to fully operate the mall by 2029, following the completion of all development phases.
Modern Vision for Urban Development
Khattab emphasized that real estate development is no longer just about constructing buildings but creating integrated, sustainable ecosystems:
> “We believe real estate today combines smart design, efficient management, and environmental and economic sustainability. Through our projects, we aim to reflect the spirit of modern Egypt and meet the aspirations of a new generation of customers and investors.”
Design and Operation Excellence
Mr. Ahmed Taher, Chief Commercial Officer at Sakn Developments, highlighted that Park U Mall represents a new benchmark for commercial developments in El Shorouk, being the first mega mall in the area. The project’s architectural design was created by Smark, led by renowned consultant Dr. Al-Samman, one of the region’s most respected design firms. The executive supervision is handled by ACE – Moharram Bakhoum, a leading engineering consultancy in Egypt and the Middle East.
Taher added that the mall’s operation and management will be undertaken by KAD, a specialized company known for managing Egypt’s top-tier commercial centers. KAD will oversee daily operations, marketing, and tenant allocation to ensure long-term sustainability and maximize investment value.
A Modern Urban Landmark
Designed as a model of contemporary urban development, Park U Mall features integrated entertainment zones, landscaped walkways, international restaurants and cafés, and open-air spaces that enhance the visitor experience—transforming it into a premier destination for shopping and leisure in El Shorouk and surrounding areas.
With its strategic location, world-class design, and comprehensive amenities, Park U Mall stands as one of Sakn Developments’ flagship projects in East Cairo—set to deliver robust returns and redefine the standards of mixed-use real estate in the region.