Residential Press Tour

May 9, 2016

Al-Futtaim Group Real Estate recently showcased its efforts to accelerate the construction of Cairo Festival City's residential complexes, in a press tour organised for Egypt's top list of most influential media establishments.

Oriana Picnic in the Park

May 20, 2016

Cairo Festival City hosted its first event in the parks of Oriana Villas, on 20th May 2016. Themed as a 'Picnic in the Park', the event brought together homeowners, influencers and guests for a day of fun in the sun, packed with activities.

Press Releases

Completion of the Business District First Phase

Feb 28, 2013

Al-Futtaim Group Real Estate (AFGRE), which owns Cairo Festival City Project announced that phase one of the Business District is completed and handed over to the contracted tenants. These include Allianz Egypt and ADI Real Estate Investment.
Cairo Festival City is Al-Futtaim’s biggest and most distinguished project of its kind in Egypt and the Middle East.
Dr. Mohamed El-Mikawi, Managing Director of Cairo Festival City, said that the selection of Business District is regarded as a confirmation for the excellence and full trust in Cairo Festival City project. He added that handing over of units as scheduled also asserts the company’s keenness and strong belief in that commitment is one of the success factors in this field. Cairo Festival City offers highest standards of quality and security via its distinguished strategic location on the Egyptian real estate market.
El-Mikawi added that despite the economic conditions and exceptional situation in Egypt, yet Cairo Festival City is proceeding in the completion of its project in Egypt, out of trust in the local investment climate and the economy’s capability to recover rapidly.
The Managing Director also indicated that Business District is designed to meet the requirements of international companies and high level Egyptian bureaus. The business park overlooks Al-Tese’en Street on the gateway to New Cairo. The infrastructure has been constructed with the highest standards and most advanced technology, serving the office areas and prompting it as such to be the best and finest administrative center in New Cairo, he noted.
El-Mikawi explained that phase two is scheduled to commence in 2013, to introduce more than 50,000 square meters, which will provide additional office areas to accommodate the increasing demand for Cairo Festival City.
He pointed out that Cairo Festival City Mall, being considered one of the most important and biggest malls in Egypt, is expected to be inaugurated in the second half of 2013.
 
Mr. Udo Krueger, Chairman and CEO of Allianz Life Assurance Company Egypt, said that the company was keen to join Cairo Festival City because it offers the highest levels of excellence, security, efficiency and proficiency.
Moreover, Eng. Amr Howeedy, Managing Director of ADI Real Estate Investments, confirmed that Cairo Festival City is one of the most successful real-estate projects in the Egyptian market, which attract reputable investors; especially that it is committed to deadlines and high quality standards.
A Brief On Cairo Festival City Project:
Spanning three million square meters, Cairo Festival City is a visionary mixed use urban community. It is strategically located in the center of New Cairo near the districts of Maadi to the south and Mokattum, Heliopolis, and Nasr City to the west.
The city is located just 15 minutes from Cairo International Airport and is considered as the first comprehensive commercial and entertainment resort in Egypt. It includes luxury residential community consisting of a large number of villas, apartments, elegant office buildings, international hotels, schools, and parking area for cars.
It was taken into account to establish this comprehensive community within a beautifully landscaped environment presenting a new concept for luxurious lifestyle.

 

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