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Port Said City Mall, situated on Tarh El Bahr St in Port Said, Egypt, is a three-level retail center with 20,000 sqm GLA, constructed in 2015 and owned by El Noras Group. It accommodates 50 stores featuring anchors Carrefour for groceries, Zara and LC Waikiki for fashion, with a tenant mix spanning apparel, dining, home decor, and services. The property serves a primary catchment of 500,000 residents within 10 km, marked by a young median age of 24, household size of 3.5, and median income of 3,200 USD annually, fostering value-oriented spending of 500 USD per capita on retail.

Market position benefits from proximity to main roads and the Suez Canal, drawing 2 million annual visitors with 60-minute dwell times and projected 5% footfall growth. Occupancy reaches 92%, with 2,000 sqm available at average rents of 300 USD per sqm yearly and sales of 1,500 USD per sqm.

Leasing advantages encompass high pedestrian traffic, good public transport, 500 parking spaces, monthly promotions, digital signage, and expansion plans, appealing to affordable fashion and family-focused retailers where 40% visits are for shopping and 35% for dining. Challenges include 8% vacancy, medium local competition from other centers, high e-commerce influence amid 70% internet penetration, 8% regional unemployment, and potential infrastructure aging, which could pressure non-essential categories amid market saturation in basics.

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Hours of Operation

Hours

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Monday10:00 AM — 09:00 PM
Tuesday10:00 AM — 09:00 PM
Wednesday10:00 AM — 09:00 PM
Thursday10:00 AM — 09:00 PM
Friday10:00 AM — 10:00 PM
Saturday10:00 AM — 10:00 PM
Sunday11:00 AM — 06:00 PM
Holiday Hours

Hours may vary on public holidays. Check with individual stores for specific holiday schedules.

Tarh El Bahr St., Port Said, Egypt

Insights

Demographics and Catchment

Primary catchment within 10 km includes 500,000 residents with 2.2% annual growth, median age 24, and household income of 3,200 USD. Retail spending averages 500 USD per capita yearly, with 124 USD on apparel and 800 USD on groceries; 30% have tertiary education. This young, mid-income profile supports value-driven retail in fashion and dining but shows vulnerability to 8% unemployment and low cost-of-living index of 40, potentially curbing discretionary purchases in a Suez Canal-influenced economy.

Competition and Market Factors

Medium density of local competitors in Port Said's retail scene, including other small centers, but high e-commerce rivalry with 70% internet access and 30% click-and-collect usage. Anchors like Carrefour provide grocery stability, while fashion categories face saturation; opportunities exist in trendy streetwear, sustainable options, and international dining. Proximity to tourism via Suez Canal boosts footfall variability, with 5% projected growth, though economic fluctuations and weak non-essential categories pose risks to performance.

Lease Terms and Operational Quality

Rents average 300 USD per sqm per year with moderate lease flexibility; 92% occupancy reflects solid demand, though 8% vacancy signals some availability. Operations feature high road access, good transit, 500 parking spots, monthly events, and standard security with low crime. Sales at 1,500 USD per sqm aid mid-tier viability, but 2015 build may indicate aging infrastructure without noted upgrades, and mixed commercial-industrial surroundings could hinder premium appeal or accessibility for certain tenants.

Building Details

Property Type
Shopping Mall
Gross Leasable Area
20,000
Year Built
2015
Parking Spaces
500
Average Monthly Footfall
166,667
Owner
El Noras Group
Anchor Tenants
Carrefour, Zara, LC Waikiki

Detailed Market Analytics

Primary Catchment Area
10 km
Secondary Catchment Area
30 km
Catchment area population
500,000 People
Population growth rate
2.2 %
Median age
24 Years
Household size
3.5 Persons
Education level (tertiary)
30.0 %

Median household income
3,200 USD per year
Unemployment rate
8.0 %
Cost of living index
40 Index (NY=100)

Retail spending per capita
500 USD per year
Spending on apparel
124 USD per capita
Spending on groceries
800 USD per capita
Spending on electronics
56 USD per capita

Annual foot traffic
2,000,000 Visitors
Dwell time
60 Minutes
Conversion rate
20.0 %
Sales per square meter
1,500 USD per year

Number of retail stores
50 Stores
Anchor tenant presence
Yes
Competitor density (same category)
Medium
Tenant diversity
High
Unique Concepts
Yes

Gross Leasable Area
20,000 sqm
Number of Levels
3 Levels
Average rent per square meter
300 USD per year
Vacancy rate
8.0 %
Lease term flexibility
Moderate
Available retail space
2,000 sqm

Proximity to main roads
High
Public transport access
Good
Parking spaces
500 Spaces
Pedestrian traffic
High

E-commerce competition
High
Click-and-collect adoption
30.0 %
Internet penetration
70.0 %

Retail crime rate
Low
Security measures
Standard

Promotional events
Monthly
Loyalty program penetration
20.0 %
Digital signage presence
Yes

Projected foot traffic growth
5.0 %
New tenant pipeline
Yes
Mall expansion plans
Planned
City Snapshot
Port Said

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