We are the great choice to their trust.
Fawaz Al Hokair broke into the market in 1990 when Fawaz, Salman and Abdul Majeed Abdulaziz Alhokair instituted their first two menswear stores. Their success has led to a series of business expansions into several lines of business ranging from construction, financial services, health care, hospitality, energy, fashion and real-estate development. The fashion retail sector of the group spans 16 countries operating more than 2,100 stores and representing more than 80 international brands. The Real Estate sector of Fawaz Al Hokair Group currently operates a network of 17 shopping malls, managing over 1.6 million sq meters of prime retail real estate. The group has stretched its investments in retails and real estate sectors globally in the Middle East and North Africa, the USA and Central Asia. Currently, Fawaz Alhokair group is looked upon as one of the largest retail and real estate developers in Saudi Arabia and the Middle East.
Fawaz Alhokair Group broke into the Egyptian market in December 2010 with the launch of Mall of Arabia. With the success that followed the launch, Fawaz Alhokair Group saw merit in the Egyptian market which led to extensive investment in the retail development and fashion retail sector. In September 2015, Fawaz Al Hokair group assembled a new team of experienced as well as young and innovative Egyptian professionals to alter the market through establishing the largest mixed-use development and Management Company in Egypt under the name of MARAKEZ.
Since its launch, MARAKEZ has been growing and working towards achieving its objective of becoming “The heart and soul of the community we serve” through fixating its investments on 3 main sectors:
• Residential compound.
• Retail and shopping malls
• Food & Entertainment