Aug 02 2009 |
more articles from
|
Al Futtaim Group Real Estate Signed with Major Contractors for 419 million EGP
Construction of Cairo Festival City's Oriana Villas is Underway
CAIRO, EGYPT, 2 August 2009 - After closing two contracts worth a combined value of 419 million EGP with SIAC and the Arabian Construction Company (ACC) , the first phase of Cairo Festival City's residential district is now underway. SIAC , which has already begun construction, was awarded a 316 million EGP contract and ACC, expected to begin developing Oriana's infrastructure early September was provided a 103 million EGP contract.
Commenting on the progress of the villas, Cairo Festival City's Senior General Manager, Mohamed El Mikawi stated "Phase one, which will see the completion of 172 of the final 480 villas, is a huge step forward for Cairo Festival City. Signing with SIAC and ACC highlights our continued dedication to the local community and our commitment to complete the project as scheduled. We are happy with the construction progress so far and expect this phase to be completed by end of 2011.
This first phase will generate 850 direct employment opportunities to local Egyptian workers, engineers, administrators and technicians over a period of 20 months. Additionally, a large number of indirect job opportunities will also be created in the process. Cairo Festival City's employees will be working with MIVAN, the highly respected international consulting company which will be providing them with training to use the M.F.E system. The latter is a state of the art aluminum framework which surpasses the levels of accuracy and quality that are currently available in the Egyptian market.
The Oriana master plan, designed by WATG, will span across 850,000 sq. meters once completed. Of this land 80% will be dedicated to landscape, open areas and gardens. The villas which will feature French, Italian and Spanish architectural influences will make up only part of the residential district which will be complemented, by smaller more affordable apartments. Along with the residential district, Cairo Festival City will also offer Egypt's first indoor-outdoor retail experience, commercial office space, and hotels.
-Ends-
Spanning 3 million square metres Cairo Festival City is a visionary mixed use urban community strategically located just 15 minutes from Cairo International Airport. Cairo Festival City features Cairo's first indoor-outdoor retail and entertainment resort combined with luxury residential communities, prime office spaces, internationally renowned hotels, schools and an automotive park all set within a lush landscaped environment.
For more information:
TRACCS Egypt
Rasha Teima
Tel: (+202) 33046860
Fax: (+202) 33031219
Email: rasha@traccs.net
Cairo Festival City
Marwa Mokhtar
Marketing Manager
Tel: (+202) 26186000
Fax: (+202) 26186060
Email: Marwa.Mokhtar@alfuttaim.ae
Website: www.alfuttaim.com
© Press Release 2009
Zawya Comment Policy
-
Zawya encourages you to add a comment to this discussion. You agree that when you add content to this discussion your comments will not:
1.1 Contain any material which is libelous or defamatory of any person, is obscene, offensive, hateful or inflammatory or causes damage to the reputation of any person or organisation.
1.2 Promote sexually explicit material, violence, discrimination based on race, sex, religion, nationality, disability, sexual orientation or age or any illegal activity.
1.3 Be made in breach of any legal duty owed to a third party, such as a contractual duty or a duty of confidence.
1.4 Be threatening, abuse or invade another's privacy, or cause annoyance, inconvenience or needless anxiety.
1.5 Be used to impersonate any person, to misrepresent your identity or affiliation with any person, or be likely to deceive any person.
1.6 Give the impression that they represent Zawya.
1.7 Advocate, promote or assist any unlawful act such as (by way of example only) copyright infringement or computer misuse. - The content posted on www.zawya.com is created by members of the public. The views expressed are theirs and unless specifically stated are not those of Zawya. Zawya reserves the right to review all comments prior to posting and edit or delete any contribution, but Zawya is not responsible for and can not be held liable for any content posted by members of the public on www.zawya.com.
- Zawya is not responsible for the availability or content of any third party sites that are accessible through www.zawya.com. Any links to third party websites from www.zawya.com do not amount to any endorsement of that site by Zawya and any use of that site by you is at your own risk.
- By submitting your comment, you hereby give Zawya the right, but not the obligation, to post, air, edit, exhibit, telecast, webcast, re-use, publish, reproduce, use, license, print, distribute or otherwise use your comments worldwide, in perpetuity.
Copyright © 2012 Zawya Ltd. All rights reserved. |
provided by www.zawya.com |
Post Your Comment