Dubai conglomerate Al-Futtaim announces plan to build Festival Avenue, an expansion of Cairo Festival City
Dubai-based Al-Futtaim has announced plans for a new 22,143 sq m expansion project at Cairo Festival City Mall.
The new area, called Festival Avenue, will bring a further 100 shops, including 60 retail stores which will offer numerous international and first to market brands, 20 new food and beverage outlets and two new entertainment concepts, the company said in a statement.
Festival Avenue will have about 1,000 parking spaces and a new to market 1,567 sq m food hall featuring outlets with both inside and outside terraces, it added.
Timothy Earnest, group director of Al-Futtaim Malls, said: “The retail sector in Egypt is witnessing huge growth and we want to further support its development.
"As part of our ongoing commitment to provide exceptional experiences to our shoppers we are thrilled to announce the launch of Festival Avenue which delivers an even further elevated experience and supports our vision of creating a distinct retail concept and true retailtainment destination.
“The brand-new Festival Avenue luxury expansion will cement Cairo Festival City Mall as setting the standard of retail in Egypt as it enhances its position as Egypt’s premium urban entertainment and retail destination,” he added.
Cairo Festival City Mall is also underpinned by a strong entertainment offering, including Bounce, the free-jumping playground, Magic Planet and Kidzania.