Cairo, Egypt: The signing ceremony between Cairo Festival City and ExxonMobil Egypt was held in December 2019 for the purpose of relocating the world’s largest publicly traded energy company Cairo Head office to the Business District at Cairo Festival City.
Eng. Ashraf Ezz El-Din, Managing Director of Al-Futtaim Group Real Estate and Eng. Hesham El Amroussy, Chairman & Managing Director of ExxonMobil Egypt, Africa and Middle East Lubricants Manager, have signed the Sale Agreement of an entire office building inside Cairo Festival City, directly located on the Ring Road, to become the new head-office for ExxonMobil Egypt.
This latest addition to Cairo Festival City’s rapidly growing administrative community is one of many successes, achieved by the developer and adheres to Al-Futtaim Group’s primary objective of creating mutually beneficial relationships with major multinationals in the region.
Eng. Hesham El Amroussy, stated that ExxonMobil Egypt is proud to announce its plans to relocate Cairo Head Office to Cairo Festival City Business District. Eng. El Amroussy emphasized how the company works to establish the new office in a way that will ensure providing an improved and modern office solution, with enhanced collaborative work environment that meets ExxonMobil strategic business objectives.
Eng. El Amroussy added, “This is not simply about a new building. This is about ExxonMobil culture, world class workforce and ExxonMobil’s leadership in Egypt”
Cairo Festival City began construction of the new ExxonMobil Egypt building on a plot of land more than 7,000 m² and is expected to be delivered by 2021.
As an extension to the Business District, the introduction of the Podium Offices, founded to set higher standards for administrative and retail frameworks in Egypt. Equipped with prevailing technologies that aid daily business operations. The Podium comprises six mid-rise buildings, each is composed of five floors and contains office spaces that starts from 95 m² up to 8,000 m². In addition, the ground floors will be dedicated to retail operations.
As a prominent developer in the Middle East, Al-Futtaim is the pioneer of developing mixed-use projects in Egypt by integrating administrative, residential, commercial, retail and hospitality in a unified location. Community life is redefined and improved for residents, visitors and corporations alike. By collaborating with internationally-renowned engineering consultation offices and major Egyptian contractors, construction within Cairo Festival City has been completed in 2 phases of Oriana Villas with 2 other phases reaching up to 80% completion.
Cairo Festival City’s lifestyle and amenities truly captivate the world’s attention, while setting a higher benchmark for community living, with many choices at hand. Cairo Festival City features premium community standards while blending residential, retail, leisure, services in a notion of a united structure, for remarkable experiences for every resident, tenant and visitor, while setting the best example of a self-sustaining eco-friendly “city within a city”.
Located at the entrance of New Cairo, Cairo Festival City spans across 3 million square meters of land and is strategically situated in close proximity to Maadi, Mokattam, Heliopolis, Nasr City, and Cairo International Airport with easy accessibility from Cairo’s Ring Road and Road 90, offering an integrated community like no other.
© Press Release 2019