4 Bedrooms Twin Houses for Sale in Cairo Festival City New Cairo By Al-Futtaim Group Real Estate
Cairo Festival City is a new development project located in New Cairo, Egypt. The project is a joint venture between the Al Futtaim Group, Egypt's El Sewedy Group, and Arab African International Bank. It is one of the largest real estate projects in the Middle East and North Africa region, with a total investment value of US$4 billion.
The project is located on a site of over 1.3 million square meters and will include a shopping mall, entertainment complex, residential buildings, offices, and a hotel. The shopping mall is set to be the largest in the Middle East, with over 500 stores and a total area of over 200,000 square meters. It will include a wide range of international and local brands, as well as a variety of restaurants and cafes.
The entertainment complex will feature a variety of activities, including a bowling alley, movie theater, ice-skating rink, and an indoor theme park. The residential buildings will include apartments, townhouses, and villas. The offices will provide space for businesses and organizations, while the hotel will offer guests a luxurious stay.
Cairo Festival City is expected to open in 2021 and will create over 10,000 jobs in the local area. It is expected to attract over 10 million visitors every year and will become a major tourist destination in Egypt. The project is part of the Egyptian government's plan to develop New Cairo and will contribute to the country's economic growth.
Cairo Festival City Cairo Festival City is being designed by the internationally renowned firms of Callison, WATG and 5+DESIGN. Cairo Festival City features a premier indoor-outdoor retail and entertainment resort combined with spectacular luxury residential communities (Villas and Apartments), prime office spaces, internationally renowned hotels and an automotive park all set within a beautifully landscaped environment. Cairo festival City will be a state-of-the-art super regional centre and retail showcase in Greater Cairo and Egypt’s premier indoor outdoor, shopping, dining and entertainment destination. Encompassing the finest shopping, dining, entertainment, homes, school, offices and leisure, Cairo Festival City is connected by an internal road network and a necklace of parks interlaced throughout the city. Upon completion, Cairo Festival City will be home to over 13,000 residents in villas and apartments and a place to work
Al-Futtaim Group Real Estate Al-Futtaim Group Real Estate (AFGRE) is the real estate development and operations arm of Al-Futtaim group which is headquartered in Dubai. AFGRE is responsible for the origination, conception, development, procurement and construction of mega projects and the leasing, sales and operation of these projects after completion. In addition, AFGRE develops and operates an extensive multi-million dollar portfolio of individual corporate real estate and investment assets across the MENA region. The two current flagship mixed use urban communities under the Festival City brand are the award winning, Dubai Festival City (5.2 million square metres) and Cairo Festival City (3 million square metres).