Construction work at EGP2.5 billion Cairo Festival City Phase II to kick-off this year
Al-Futtaim Group Egypt is set to start the construction work at Cairo Festival City (CFC) Phase II which is planned to include 300 apartments, 240 villas and five commercial buildings, spread over a land area of 53,000 sqm. This is according to Mohamed Makawy, CEO of Al-Futtaim Group Egypt. The total investment cost allocated for the project is EGP2.5 billion, of which EGP1.5 billion will be spent this year. (Amwal Al Ghad)
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