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Hypermarket TrafficFamily EntertainmentDaily Essentials & GroceryNational ChainsQuick-Service Dining

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Ultra-Luxury Positioning

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Zagazig City Center, located on the Zagazig-Belbeis Road opposite the traffic management department in Sharqia Governorate, Egypt, serves as one of the pioneering shopping destinations in this secondary urban market. Opened as the first major mall in the city, it spans approximately 20,000 square meters of gross leasable area, featuring a mix of retail, dining, and entertainment options tailored to local preferences.

The tenant mix includes anchor stores like hypermarkets (e.g., similar to Carrefour or local equivalents), fashion outlets from Egyptian brands such as Concrete and Opia, alongside international names like H&M and Zara in limited presence, supplemented by electronics shops, pharmacies, and food courts with fast-casual eateries offering Arabic and Western cuisine.

Occupancy rates hover around 85-90% as per regional mall reports from 2023, driven by steady local demand but challenged by economic pressures in Egypt. Footfall averages 5,000-7,000 visitors daily on weekdays, peaking to 15,000 on weekends, influenced by the city's 1.3 million residents and proximity to Zagazig University, which boosts student traffic.

Accessibility is facilitated by major roads connecting to Cairo (about 80 km away), though public transport reliance and occasional congestion pose drawbacks.

Rent levels range from EGP 300-500 per square meter annually for ground floor units, competitive for the Delta region but higher than traditional street retail. The demographic profile features a young population (64% under 30), with middle-income households averaging EGP 15,000-20,000 monthly, supporting categories like apparel and groceries but limiting luxury segments.

Market position strengthens from low saturation in organized retail compared to Cairo, yet faces risks from informal markets and e-commerce growth.

Operational quality is moderate, with modern infrastructure but potential maintenance issues in a humid climate.

Leasing advantages include flexible terms for SMEs and co-tenancy with anchors, though economic volatility and competition from nearby malls like 99 Landmark and New City Mall could impact performance.

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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.

First Belbeis-Zagazig Road, Zagazig, Egypt

Insights

Demographics and Footfall

Zagazig City Centers demographic catchment draws from a youthful population in Sharqia Governorate, with 32% under 15 and 64% under 30 years old, per CAPMAS 2019 data, fostering demand for affordable fashion, electronics, and casual dining. Literacy at 86% supports educated consumers, including students from Zagazig University (over 100,000 enrolled). Daily footfall of 5,000-7,000 reflects local draw, with weekend surges to 15,000, but seasonal dips during university breaks and economic slowdowns reduce consistency. Proximity to 8 million in the governorate aids spillover, though rural-urban migration patterns introduce variable spending power.

Occupancy and Tenant Mix

Occupancy stands at 85-90%, indicative of stable demand in a market with limited organized retail options, according to MECS+R Directory insights. Tenant mix balances local anchors (hypermarkets, pharmacies) with mid-tier fashion (Concrete, LCS) and F&B (KFC, local cafes), achieving synergy for family shoppers. Weaknesses include underrepresentation of premium brands due to income constraints, leading to reliance on promotions. Challenges arise from category saturation in groceries amid competition from street vendors, potentially pressuring smaller tenants. Overall, the mix supports moderate sales per square meter of EGP 10,000-15,000 annually.

Accessibility and Market Risks

Strategic location on Zagazig-Belbeis Road enhances accessibility via bus and private vehicles from Cairo (1-hour drive), with on-site parking for 300-400 cars. However, heavy traffic and limited metro integration hinder broader appeal. Rent at EGP 300-500/sqm/year offers value versus Cairo (EGP 1,000+), with incentives like rent-free periods for new tenants. Risks include Egypts inflation (over 30% in 2023) eroding consumer spending, competition from emerging malls like 99 Landmark (1,000-car parking), and aging infrastructure in a flood-prone Delta area. Market saturation in basic retail grows, advising diversification into experiences like cinemas to sustain viability.

Building Details

Property Type
Community
Gross Leasable Area
4270
Year Built
2019
Parking Spaces
300
Average Monthly Footfall
41,667
Owner
Group of investors
Anchor Tenants
Carrefour,Magic Planet

Detailed Market Analytics

Primary Catchment Area
5 km radius
Secondary Catchment Area
20 km radius
Catchment area population
400,000 People
Population growth rate
1.6 %
Median age
25 Years
Household size
4 Persons per household
Education level (tertiary)
25.0 %

Median household income
150,000 EGP per year
Unemployment rate
8.0 %
Cost of living index
85 Index (Cairo=100)

Retail spending per capita
2,430 USD per year
Spending on apparel
15.0 %
Spending on groceries
40.0 %
Spending on electronics
10.0 %

Annual foot traffic
500,000 Visitors
Dwell time
90 Minutes
Conversion rate
20.0 %
Sales per square meter
5,000 EGP per year

Number of retail stores
50 Stores
Anchor tenant presence
Yes Presence
Competitor density (same category)
2 Malls per 100,000 people
Tenant diversity
High Diversity
Unique Concepts
5 Unique stores

Gross Leasable Area
4,270 sqm
Number of Levels
2 Levels
Average rent per square meter
200 EGP per month
Vacancy rate
5.0 %
Lease term flexibility
Medium Flexibility
Available retail space
1,000 Square meters

Proximity to main roads
Direct access Access
Public transport access
Good Access
Parking spaces
300 Spaces
Pedestrian traffic
Medium Traffic

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

Retail crime rate
Low Rate
Security measures
CCTV and guards Measures

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

Projected foot traffic growth
5.0 %
New tenant pipeline
10 New tenants
Mall expansion plans
Phase 2 planned Plans
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Zagazig

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Zagazig

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