Cairo Festival City is a new residential and commercial development located in New Cairo, Egypt. The project is being developed by the Dubai-based real estate developer, Emaar, in cooperation with the Egyptian government.
Cairo Festival City is a mixed-use development that includes residential apartments, commercial office space, and retail outlets. The project is located on a total area of 1.2 million square meters and will feature a variety of amenities, including a shopping mall, a cinema complex, and a range of leisure and entertainment facilities.
The residential component of the project will include a variety of housing options, such as villas, townhouses, and apartments, as well as a selection of luxury homes. The project will also include a range of educational facilities, such as schools, universities, and research centers.
The project is expected to be completed by 2020, and will be a major boost for the local economy. It is estimated that the project will create over 10,000 jobs, as well as generate an estimated US$2 billion in revenue for the Egyptian government.
Cairo Festival City is a major milestone in the development of New Cairo, and is expected to bring a new level of sophistication to the area. The project is set to become a major hub for business, leisure, and entertainment in the region.