Cairo Festival City is a new residential and commercial development in New Cairo, Egypt. The project is being developed in partnership between the Egyptian government, private investors, and the international developer, Emaar Properties.

The project is located on a 1.7 million square meter site in New Cairo, and is one of the largest real estate developments in the Middle East. The development will include a mix of residential, commercial, and leisure facilities, including a shopping mall, a hotel, a golf course, and a range of other amenities.

The project is expected to create up to 10,000 jobs and attract an additional 5,000 visitors to the area each day. It is estimated that the development will generate up to $1 billion in revenue for the Egyptian economy.

The development is part of the Egyptian government’s efforts to attract foreign investment and to develop the country’s infrastructure. It is expected to be completed by 2021.

The project is located in an area that is already home to several international schools, universities, and hospitals. It is also close to the Cairo International Airport and the Suez Canal.

The development is expected to provide a significant boost to the local economy, as well as to the overall economic development of the country. It is hoped that the development will help to attract more foreign investment to Egypt.