Cairo Festival City is a new residential and commercial development located in New Cairo, Egypt. The development is being built by the leading real estate developer, Emaar Misr, and is set to become one of the largest mixed-use developments in the Middle East. The project is located on an area of over 8 million square meters, and it is estimated that the development will cost around $8 billion.

Cairo Festival City will feature a variety of residential, commercial and entertainment options, including shopping malls, restaurants, hotels, and a golf course. The development is expected to create more than 50,000 job opportunities in the area and will be home to over 30,000 residents.

The residential component of the project will include a range of apartments, townhouses and villas, with the majority of the units being sold off-plan. The development will also feature a variety of amenities, such as a health club, swimming pools, and a spa.

The commercial component of the project will include retail shops, restaurants, and entertainment venues. It is estimated that the development will attract around 25 million visitors each year.

Cairo Festival City is expected to be completed by 2021, and it is expected to become an iconic destination in the region. The development is expected to provide a boost to the local economy, and it is hoped that it will become a hub of economic activity in the area.