The Z-Advisor group has contracted with Mont to put for rent the shops of the Giza Mall, which is affiliated with the Upper Egypt Train Station, a senior company official said.
Akram el-Sheikh, CEO of Z-Advisor, added that the Upper Egypt Train Station project is one of the most important and largest development ventures being implemented as per the highest level of modern technology in the North Giza district.
Scheduled to be developed by about LE4.7 billion at all, including its entire facilities, el-Sheikh noted that the Upper Egypt Train Station enjoys a very unique location that attracts both citizens and investors, hence its proximity to the heart of the capital, and its centrality role it plays in linking various means of transportation such as railways, subway, monorail, mass transit and BRT buses.
The passenger capacity of the station, reaching more than 250,000 passengers a day, is considered an added value, making the area so attractive for investors, he said, noting that ‘the huge number is enough to pump millions of pounds to shop owners and real estate investors in the station, in addition to providing about 7,500 job opportunities’.
The international services, foremost of which are guidance screens, electronic ticket gates, TVM machines, ATM machines, surveillance cameras, air-conditioned trains, Wi-Fi service, as well as the modern fire and alarm system, escalators and elevators, make of the station an area attractive for investors, he also said.
‘Due to its large area, stretching over 239.000 square meters (57 acres), 3 times the area of the Ramses Station, the new station comprises huge real estate and commercial investments,’ al-Sheikh stressed, noting that most of the station’s investments are in the main station building, built on an area of 31,000 square meters, and comprises a basement, a garage, a ground floor, and 2 duplicate floors.
The 40m-high glass pyramid, found in the main lobby of the station and contained 4 obelisks called skylights, is considered an added advantage, Sheikh said.
The first phase of the project began in January 2019 and ended at the advent of 2023. It contains 4-star hotel, two garages, commercial mall and housing units.
The second phase of the project, scheduled to be finalized 2025, contains 10 residential towers and two 3-star hotels. The total value of the two phases is estimated at LE4.7 billion.
