Cairo Festival City is an expansive, multi-use real estate development located in the heart of New Cairo, Egypt. The project, which is estimated to cost around $2.2 billion, is the largest private sector real estate development in the country and is expected to be completed in 2020.

The development is made up of several components, including residential, commercial, and leisure facilities. The residential component will include over 10,000 apartments, villas, and townhouses. The commercial component will feature over 400,000 square meters of retail space, including shopping malls, restaurants, and entertainment centers. The leisure component will include a variety of sports and recreational facilities, such as a golf course, an equestrian center, and a health club.

Cairo Festival City is being developed by a consortium of Egyptian and international companies, including the Saudi-based Al-Futtaim Group, the Egyptian-based Palm Hills Developments, and the Dubai-based EMAAR Properties. The project is expected to create thousands of jobs and provide a major boost to the local economy.

Cairo Festival City is an ambitious project that has the potential to transform the city of New Cairo into a vibrant and modern metropolis. It is expected to attract international tourists and business people, as well as local residents, and will be a major contributor to the country’s economy.