Cairo Festival City is a major new development in New Cairo, Egypt. The project aims to create a vibrant new city center for the region, offering a combination of residential, commercial, and leisure facilities.
The development is located on a plot of land of approximately 1.2 million square meters and is located close to Cairo International Airport. It will be the largest development of its kind in the Middle East and North Africa region, with an estimated total cost of US$4.5 billion.
The project is being developed by a joint venture between Al Futtaim Group, the leading private sector developer in the Middle East, and the Egyptian government. The development is expected to create around 25,000 jobs in the construction industry and a further 8,000 jobs in the service sector.
The development will include a shopping mall, multiplex cinemas, a range of restaurants and cafes, a medical center, a golf course, and a range of other leisure facilities. It will also include a range of residential apartments and villas.
The development is expected to be completed by 2022 and will be a major draw for tourists and businesses alike. With its combination of modern amenities and traditional Egyptian culture, it is sure to be a major success.