Al-Futtaim Group Real Estate Participates in The 5th Real Estate Debate 2021 To Mull East Cairo’s Urban Communities Future
Under the patronage of Egypt's Prime Minister - Mostafa Madbouly, Al-Futtaim Group Real Estate has proudly participated in The 5th Real Estate Debate 2021, held at Nile Ritz-Carlton Hotel - Egypt by ALMAL GTM. Titled “Prospects for Urban Development in Egypt”, the exhibition has opened communication channels for the nation’s leading developers to discuss the leap witnessed in the Egyptian real estate sector throughout the past few years.
During the Debate’s second session dubbed “Development Engine in the East of Cairo”, Managing Director of Al-Futtaim Group Real Estate - Eng. Ashraf Ezz El Din – stated: “Al-Futtaim Group Real Estate highly treasures the sincere endeavors paid by the Egyptian government in better shaping the sector’s practices through evaluating developers’ commitment and assessing projects’ feasibility.” He added: “Al-Futtaim Group Real Estate is pleased with the thrive emerged in East Cairo projects; especially Cairo Festival City (CFC). Thanks to the sound directives of the Egyptian State, roads network has been revamped, infrastructure has been refurbished, facilities have been enhanced, foreigners have been granted permits to own units and residence periods have been extended up to 6 years. Such enlightened reforms have yielded a hike in real estate exports; especially from the Arab countries, an abundance of foreign currency and a bloom in inaugurating more smart cities in the near future.”
Managing Director of Al-Futtaim Group Real Estate has further elaborated: “Al-Futtaim Group Real Estate’s industrious approaches have long complied with the State’s strategies; on top comes Egypt Vision 2030. Since inception, our company has entrenched its objectives towards real estate export on 4 key pillars; strategic location, integrated mixed-use communities, witnessed quality & efficiency for its proposed projects, along with high-end standards for its after-sales service. Gathering residential, administrative, commercial, hospitality and entertainment projects under one roof, Cairo Festival City (CFC) became Egypt’s most sought-after destination for well-renowned investors and elites seeking the luxury of living, resulted in a project progress of 78% in a short period of time. Al-Futtaim Group Real Estate shall adopt the same methodology in its forthcoming plans, offering its cherished clientele in Egypt revolutionary projects distinguished with unparalleled features.”
It is worth mentioning that ALMAL GTM - the events arm of AL MAL Newspaper – is a national stellar company, specialized in creating prodigious ideas and organizing pioneering events; like CEOs Thoughts and The Portfolio Egypt Conference.
About Cairo Festival City:
Cairo Festival City’s lifestyle and amenities truly captivate the world’s attention, while setting a higher benchmark for integrated mixed-use community living, with many choices at hand. Setting the best example of a self-sustaining eco-friendly “City within a City”, CFC offers remarkable experiences for every resident, tenant and visitor with its avant-garde villas, lavishing apartments, high-end administrative offices, elite shopping mall, world-class hotels, international school, state-of-the-art service centers and sophisticated automotive park.
