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Wednesday, 26 February 2020

Cairo Festival City Mall opens after three-year delay

Al-Futtaim group inaugurates mega mall on Tuesday that includes Egypt's first IKEA store

Ahram Online, Tuesday 26 Nov 2013
Cairo Festival City Mall
Cairo Festival City Mall will be inaugurated on Tuesday. (Photo:Cairo Festival City Mall website)
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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. 
 

 

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