Al-Futtaim to Invest EGP 2 Bln in Extension to Cairo Festival City MallSource: www.export-egypt.com 12/15/2019, Location: Africa |
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Dubai-based developer Al-Futtaim is investing EGP 2 billion in an extension for Cairo Festival City Mall which will house 120 new shops, the company said at a press conference.
“The 22,143-square metre extension, called Festival Avenue, will attract nearly 80 world famous brands," Cairo Festival City Mall general director Haitham Hegaz said at the event. Seventy percent of the extension has been already constructed, Hegaz said, and it will open for business in 2021. Cairo Festival City Mall, which opened in 2013, is now home to over 300 shops, including Swedish furniture brand IKEA. Al-Futtaim owns and operates shopping malls, hotels and schools in the Middle East and North Africa. |
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