- Ezz El Din: “Al Otaibi placed his confidence in Egypt’s most sophisticated mixed-use community & CFC’s finest administrative building with BUA of 16.821 SMQs & land area of 6.155 SQMs.”
- Al Otaibi: “Thanks to Al-Futtaim Group Real Estate, our new HQ is distinctively located at one of their most distinguished projects in Egypt, witnessing our future growth.”
Cairo Festival City (CFC) – one of Al-Futtaim Group Real Estate’s well-renowned landmarks in New Cairo – celebrates signing cooperation protocol with Sheikh Saad Al Otaibi – a highly esteemed Member of the Saudi Shura Council and the General Director of ANSAB. Such promising alliance proves CFC’s sound reputation in earning the loyalty of cherished clientele while attracting rewarding investments to Egypt from around the globe.
“Today’s signing marks a groundbreaking achievement for Al-Futtaim Group Real Estate. Leveraging the trust shared, Al Otaibi placed his sought-after confidence in Egypt’s most sophisticated mixed-use integrated community at large and one of CFC’s finest administrative buildings in specific. With BUA of 16,821 SMQs & land area of 6,155 SQMs, the meticulously-chosen property overlooks Greater Cairo’s Ring Road and sits at the heart of Cairo Festival City; the number one choice for world-class business players.” stated Managing Director of Al-Futtaim Group Real Estate, Eng. Ashraf Ezz El Din.
Sheikh Saad Al Otaibi – a highly esteemed Member of the Saudi Shura Council and the General Director of ANSAB; the leading company in implementing comprehensive infrastructure projects and modern road networks across the Kingdom of Saudi Arabia, commented: “Thanks to the seasoned expertise of Al-Futtaim Group Real Estate, our new HQ is distinctively located at one of their most distinguished projects in Egypt, witnessing our future growth & expansion.”
Cairo Festival City is a pioneer of integrated mixed-use community developments that range from residential to commercial and entertainment apparent by how Cairo Festival City Mall is bordered by residential projects, managerial and administrative centers, and an international school. Cairo Festival City is experiencing a boom in construction rate (in cooperation with the largest contractors in Egypt). Cairo Festival City is strategically located in the heart of New Cairo over 3 million sqm of land and is in close proximity to Maadi, Mokkatam, Heliopolis, and Nasr City. It is also a short, 15-minute drive away from the Cairo International Airport.
© Press Release 2021