Cairo Festival City is a new development project located in New Cairo, Egypt. The project is a mixed-use development that will include residential, commercial, and leisure facilities. The project is set to be one of the largest developments in the region and is expected to be a major draw for tourists and investors.

The project was launched in 2017 and is being developed by a joint venture between the Dubai-based Al-Futtaim Group and the Egyptian government. The project is expected to cost around $5 billion and is expected to be completed by 2022.

The development will include a number of residential complexes, a shopping mall, a hotel, a convention center, and a theme park. The shopping mall will be one of the largest in the Middle East, with more than 400 shops, restaurants, and entertainment options. The hotel will feature over 500 rooms and will be managed by the Ritz-Carlton. The convention center will be able to accommodate up to 10,000 people and will feature state-of-the-art facilities. The theme park will feature a variety of rides and attractions.

Cairo Festival City is expected to create more than 10,000 jobs and will provide a major boost to the local economy. The project is also expected to attract more tourists to the area, which will help to increase the demand for services and products in the area.

Overall, Cairo Festival City is an ambitious project that is expected to have a major impact on the local economy and tourism industry. The project is expected to be completed by 2022 and will be a major draw for tourists and investors.