Business Specialties Development
May 6, 2009
Al-Futtaim Carillion and Orascom Construction Industries joint venture announced plans to develop a $340 million retail center in Cairo Festival City, Egypt. The project was awarded by the commercial and administrative arm of the Al-Futtaim Group. Orascom Construction Industries was awarded the project on a turnkey basis. The retail center will comprise of 400 shopping units. These units will include Ikea, ACE Hardware and Marks & Spencer. Furthermore, the center will include a retail village with water amusement park, cafes, restaurants as well as other retail shops. The project is scheduled for 2012 completion.
Al-Futtaim Carillion and Orascom Construction Industries joint venture announced plans to develop a $340 million retail center in Cairo Festival City, Egypt. The project was awarded by the commercial and administrative arm of the Al-Futtaim Group. Orascom Construction Industries was awarded the project on a turnkey basis. The retail center will comprise of 400 shopping units. These units will include Ikea, ACE Hardware and Marks & Spencer. Furthermore, the center will include a retail village with water amusement park, cafes, restaurants as well as other retail shops. The project is scheduled for 2012 completion.
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