A strategic alliance between Global Urban Developments and El-Shenawy Group to develop the Vensquare Mall in the New Administrative Capital.

  • june 15, 2025

Mr. Mahmoud Omar, Managing Director of Global Urban Developments, and Mr. Omar El-Shenawy, Chairman of El-Shenawy Group, have signed a development agreement to launch “Finsqure Mall” in the prestigious Financial District of the New Administrative Capital, according to Invest-Gate.

Under this agreement, the two companies will jointly develop and implement Finsqure Mall, which has achieved the highest execution rates and record sales since its launch. This success reflects the project's excellence and the attractive payment plan options provided, according to the statement issued on December 10.

Finsqure Mall spans an area of 6,000 square meters in the prime Financial District of the New Administrative Capital. It is located near Bin Zayed Axis, just 10 minutes from Al-Amal Axis, and in close proximity to the city's most iconic landmarks, such as the Iconic Tower, the Green River, the Presidential Palace, the Parliament, the International Airport, and Al-Massa Hotel. It is also only 5 minutes away from the Egyptian Opera House, and situated next to the Egyptian Stock Exchange Building and the Central Bank of Egypt.

The mall consists of two basement levels, a ground floor, and seven upper floors. The project features administrative and commercial units distributed across various levels.

Both companies have made a point to offer exceptional services within the project. The building footprint covers only 30% of the total land area, leaving room for green spaces, landscaped areas, and recreational zones for employees.

Furthermore, ERM has been contracted to handle project management, owing to its extensive experience in this field.

MK Office is responsible for engineering consultancy, and Finsqure Mall is being constructed according to the highest standards of quality, with a strong focus on modern sustainability practices.