Al-Futtaim, Emaar in JV to develop Cairo Gate

Al-Futtaim Group and Emaar, the two UAE based international real estate giants, today announced an initial intention to enter into a EGP 5 Billion Joint Venture agreement to develop ‘Cairo Gate’, the largest lifestyle and entertainment development on an Emaar Misr property of 160 acres of prime land on the Cairo- Alexandria desert highway. Cairo Gate will not only cater to discerning shoppers from Egypt and the world over, but also to those who appreciate a trendy lifestyle that has come of age. While the mega shopping mall will be the centerpiece of the development, Cairo Gate will be complemented by an office park with world-class facilities. From gulftoday