Futtaim announces expansion to Cairo Festival City
Al Futtaim is expanding Cairo Festival City mall, adding 120 retail stores and restaurants stretching over 22k sqm, it said in a press release (pdf). No details were provided on the expected investment value or timeline of completion or on the brands that may be participating in the next phase of expansion.
Look for the expansion to focus on luxury? The expansion will include 60 retail stores, 20 food and beverage outlets and two “brand new entertainment concepts,” the company said, referring to the announcement as the “brand-new Festival Avenue luxury expansion.”
Correction: 14 April, 2019
An earlier version of this article mistakenly attributed the expansion of Cairo Festival City mall to Majid Al Futtaim, which is a separate company from Al Futtaim.