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Cairo Festival City Mall Opens After Three-Year Delay
Amwal Al Ghad Published in Amwal Al Ghad on 27 - 11 - 2013

Cairo Festival City Mall opened in Cairo on Tuesday after a three-year delay.
Developers describe it as the premier mixed-use urban community in Egypt, extending over three million square metres.
The mall is developed by Al-Futtaim Group Real Estate Egypt, part of the Dubai-based Al-Futtaim Group with contracts amounting LE7 billion (almost $1 billion).
A 33,000 square metre IKEA store, the Swedish furniture manufacturer, has drawn particular attention from shoppers.
The mall hosts hypermarket Carrefour, department stores Marks & Spencer and Debenhams, as well as a 16-screen Cineplex.
CEO of Al-Futtaim Real Estate Company Mohamed El-Mekkawi has previously accused the government delaying the project by refusing to allocate licences.
The mall was inaugurated by Egyptian Industry Minister Mounir Fakhry Abdel-Nour and United Arab Emirates minister Sultan Ahmed Al-Jaber.
A statement by the Egyptian industry ministry says investment in the project will reach LE17 billion.
Source: Ahram Online

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