Uptown 6 October Signs MoU With Fashion House Group for $108 Million Outlet Mall

Uptown 6 October for Development and Investment signed a memorandum of understanding with UK-based Fashion House Group to develop and operate an international outlet shopping destination within its planned Grand Uptown Mall in New October City, a project expected to involve investments exceeding 6 billion Egyptian pounds ($108 million). TradingView carried the announcement on October 31, 2026.

What The Grand Uptown Mall MoU Covers

The preliminary master plan puts total leasable area at around 90,000 square metres, and the first phase is scheduled to open in October 2028, subject to completion of designs, technical studies, construction and regulatory approvals, the developer said in a statement. Under the MoU, Fashion House Group will supply expertise in outlet centre development and operations, covering leasing strategies, international brand acquisition, tenant mix management, marketing and operational planning.

Emtelak Real Estate Investment Fund is participating as a strategic investment partner. The development is to include Fashion House International Outlet, GUM Luxury House and Fashion House Street, alongside a boutique hotel, restaurants, cafés, entertainment facilities and business spaces. Other planned components include a VIP theatre, family entertainment centre, business club and a gallery showcasing Egyptian handicrafts, plus an e-commerce platform offering delivery and click-and-collect services.

Ahmed Abouzaid, Chairman of Uptown 6 October Group, said the development was intended to combine retail, hospitality and entertainment facilities and support commercial activity in New October City. Brendon O'Reilly, Managing Director of Fashion House Group and Fashion House Outlet Centres, said the company would draw on its European outlet retail experience and relationships with international brands to support the project. Fashion House Group has more than 25 years of experience in outlet centre development and operations, with projects in Romania, Poland and Russia.

Uptown 6 October's Earlier Partnerships

Uptown 6 october Developments is building on a site of 14 million sqm in 6th October City, according to akta.pro company records. The same records list an October 2025 partnership with Global School Management, which manages more than 165 schools worldwide, to establish Kingdom of Knowledge International School, a 20,000 sqm British-curriculum campus for 1,680 students with delivery expected in 2027. In August 2025 the developer signed an exclusive UAE channel partnership with Dubai-based Sky Capstone Property to market its residential, commercial and administrative projects to GCC investors and Egyptian expatriates.

Other Retail And Mixed-Use Partnerships

Asian Pac Holdings partnered with KotaSAS to develop a retail and lifestyle precinct in Kuantan with an indicative gross development value of RM281.3 million, The Edge Malaysia reported on October 29, 2026. The Kansas City Chiefs and Hunt Midwest announced Two-Point Development on August 31, 2026, to plan mixed-use districts around their new stadium in Kansas City, Kansas and headquarters in Olathe, part of a $4.5 billion investment, The Times of India reported on October 18, 2026.

Uptown 6 October's Other October 2026 Agreements

Separately, Uptown 6 October Education signed an agreement with GSM Holding to establish GSM Egypt, a company focused on developing and operating educational institutions, and the developer announced an extension of its British International School agreement from 15 to 25 years. Uptown 6 October also announced an agreement with Alpha Financial Investment Management to manage the Emtelak Real Estate Investment Fund and prepare an initial subscription prospectus, and a deal with ROX to establish RAQAM Real World Assets, a venture focused on block chain-based real estate tokenisation and digital registration, subject to applicable regulations.