Al-Futtaim to invest EGP 2 bln in extension to Cairo Festival City Mall

Ahram Online , Sunday 15 Dec 2019

Cairo Festival
(Photo courtesy of Cairo Festival city official facebook page)

Dubai-based developer Al-Futtaim is investing EGP 2 billion in an extension for Cairo Festival City Mall which will house 80 retailers, the company said on Sunday at a press conference.

The 22,143-square metre extension, called Festival Avenue, will feature 80 world famous brands, 15 food and beverage stores and Egypt's first international food hall.

Thw two-storey extension is due to open in 2022.

Cairo Festival City Mall, which opened in 2013, is now home to over 300 shops, including Swedish furniture brand IKEA.

Al-Futtaim owns and operates shopping malls, hotels and schools in the Middle East and North Africa.

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