{"id":18033,"date":"2022-08-09T12:23:39","date_gmt":"2022-08-09T12:23:39","guid":{"rendered":"https:\/\/www.meretailnews.com\/?p=18033"},"modified":"2022-08-12T05:08:33","modified_gmt":"2022-08-12T05:08:33","slug":"rock-gold-mall-opens-in-fifth-settlement-egypt","status":"publish","type":"post","link":"https:\/\/www.meretailnews.com\/2022\/08\/09\/rock-gold-mall-opens-in-fifth-settlement-egypt\/","title":{"rendered":"Rock Gold Mall opens in Cairo&#8217;s Fifth Settlement"},"content":{"rendered":"<p><!-- VideographyWP Plugin Message: Automatic video embedding prevented by plugin options. --><br \/>\n<a href=\"https:\/\/www.meretailnews.com\/2022\/08\/05\/live-e-commerce-platform-hoods-seeks-funding-round\/\">Egypt<\/a>\u2019s first gold-specialised mall, Rock Gold Mall, opened on August 7 in the Fifth Settlement district.<\/p>\n<p>The mall is a collaboration between EdgeStone Contracting Company, project management firm of commercial fields and shopping malls, and El Batal Developments, real estate developer.<\/p>\n<p>The shopping centre has set EGP600 million as its target sales during the first phase, with target sales of the entire project topping EGP1.5 billion.<\/p>\n<p>The project comes as the companies\u2019 objective to expose jewellery designers to wider consumer bases, said Shady Samir, board member of EdgeStone Contracting Company and head of its sales sector.<\/p>\n<p><a href=\"https:\/\/www.meretailnews.com\/2022\/03\/28\/middle-east-luxury-goods-market-reached-9-7-billion-in-2021\/\">Rock Gold Mall<\/a> offers payment schemes with repayment instalments of up to four years and the latest insurance and security concepts.<\/p>\n<p>Shoppers can also find competitive pricing during the first phase.<\/p>\n<p>Rock Gold Mall houses 150 stores catering to more than five million residents of surrounding areas.<\/p>\n<p>During the first nine months of last year, Egyptians spent EGP1.3 billion on <a href=\"https:\/\/www.meretailnews.com\/2022\/07\/18\/regional-luxury-retail-market-will-value-22-2-billion-by-2024-says-report\/\">gold<\/a>, a significant increase from EGP842.4 million spent during the same period of 2020, according to the World Gold Council.<\/p>\n<p>The Middle East Economic Digest projected that Egypt\u2019s retail market will rise at a compounded annual growth rate of five per cent from its $200 billion value in 2020 to $254 billion in 2025.<\/p>\n<p>EdgeStone recently introduced the Tucano Commercial Complex to Nasr City and attracted numerous local and international brands, such as Alshayaa Egypt, Americana and Spinneys, as tenants.<\/p>\n<p>El Batal\u2019s investments top EGP12 billion, with projects across the Fifth Settlement, 6th of October City, New Administrative Capital, El Obour and Heliopolis.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Egypt welcomes its first gold-specialised mall in the Fifth Settlement. <\/p>\n","protected":false},"author":39,"featured_media":18034,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":[],"categories":[6,1],"tags":[3973,4246,4247],"_links":{"self":[{"href":"https:\/\/www.meretailnews.com\/wp-json\/wp\/v2\/posts\/18033"}],"collection":[{"href":"https:\/\/www.meretailnews.com\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.meretailnews.com\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.meretailnews.com\/wp-json\/wp\/v2\/users\/39"}],"replies":[{"embeddable":true,"href":"https:\/\/www.meretailnews.com\/wp-json\/wp\/v2\/comments?post=18033"}],"version-history":[{"count":4,"href":"https:\/\/www.meretailnews.com\/wp-json\/wp\/v2\/posts\/18033\/revisions"}],"predecessor-version":[{"id":18083,"href":"https:\/\/www.meretailnews.com\/wp-json\/wp\/v2\/posts\/18033\/revisions\/18083"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.meretailnews.com\/wp-json\/wp\/v2\/media\/18034"}],"wp:attachment":[{"href":"https:\/\/www.meretailnews.com\/wp-json\/wp\/v2\/media?parent=18033"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.meretailnews.com\/wp-json\/wp\/v2\/categories?post=18033"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.meretailnews.com\/wp-json\/wp\/v2\/tags?post=18033"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}