Business | Construction
Al Futtaim begins Cairo project work
The Al Futtaim Group yesterday began construction of the Festival Centre, a 184,000 square metre retail and entertainment facility at the Cairo Festival City in Egypt.
- Staff Report
- Published: 00:04 June 19, 2008
Cairo: The Al Futtaim Group yesterday began construction of the Festival Centre, a 184,000 square metre retail and entertainment facility at the Cairo Festival City in Egypt.
Omar Al Futtaim, CEO of the Al Futtaim Group, Mohey Noureldeen, adviser to the Minister of Housing, Utilities and Urban Communities, Government of Egypt and Rushdy Abdul Rasheed, vice-president New Cairo City Authority participated in the ground breaking ceremony.
"Our vision for this remarkable development, which is at the heart of New Cairo City, is to create a vibrant and modern community that affirms Egypt's position as one of the most progressive and influential countries in the region," said Omar Al Futtaim.
Al Futtaim Carillion and Orascom have been selected by Al Futtaim Group Real Estate to construct the Festival Centre. Al Futtaim Carillion is a leading construction contractors in the Gulf and Orascom is Egypt's leading construction company.
"Festival Centre has set new design standards with connectivity between retail, leisure, entertainment and hospitality within a festive, vibrant environment. Cairo's temperate climate has allowed us to design an outdoor dining and entertainment experience," said Tarek Al Shazly, general manager, Cairo Festival City.
Cairo Festival City covers three million square metres of land and is located on the Ring Road, 20 km southeast of Greater Cairo and only 15 minutes from the international airport.
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