General Travel News

New phases of Cairo Festival City launched

May 4 - As the Next Move was launched last week, Al Futtaim Group unveiled two new phases of the Cairo Festival City -- Festival Living and the Business District. Spanning over three million square meters in New Cairo, the Festival City will be a mixture of residential and commercial districts.
Festival Living will occupy 130,000 square meters of land with several apartment buildings, four to seven floors and 500 apartments. Only 180 of these apartments will be built in the first phase. Then there is the Business District that will consist of three large administrative buildings. The project's completion date is set to be in 2012.
According to Amad Touni, Development Director of the Residential/Commercial Division at Al Futtaim Egypt, the global financial crisis has not affected them. “[After the crisis] we started moving to a better situation in the first quarter of 2010. A positive development from the crisis is that most developers are moving into projects other than the luxurious products," he said. "Some of the developers are going into low-cost housing and this is supported by our government. Some of the developers are going into luxury products. But most of them are going into an intermediate project that can sell to a [larger bracket] of the Egyptian population," added Touni.
 

More General Travel News
Marshmello, Pitbull, Shaggy and Don Omar perform at the Diriyah Music Festival in Saudi Arabia
Jazeera Airways launches flights to Karachi
Emirates expecting over 500,000 arrivals into Dubai by early September
Latest Travel News
Jazeera Airways launches flights to Kara...
Emirates expecting over 500,000 arrivals...
Kazakhstan's new tourist attraction - fa...
Featured Sights To See
Roman Baths

Roman Baths

Beirut, Lebanon

The Roman Baths were lost to the city for several years and were discovered in 1968-69. It wasn’t until the 1995-97 period of reconstruction that they were fully discovered. Situated behind Bank Street, the site is surrounded by a garden which attempts to recreate the atmosphere of ancient Roman gardens. In addition, there is a small amphitheater for open-air concerts. Rue Riad El Solh, Beirut...

Dubai Museum

Dubai Museum

Dubai, United Arab Emirates

The Dubai Museum is located in the restored Al Fahidi Fort, which was built around 1787 to defend the city from invasion.  In its long history, the fort served as a seat of government, the royal residence, ammunition storage, and a jail.  In 1971, it was converted into a museum.  The diverse collection on display offers fascinating insight into the rich history and cultural heritage of Dubai, dati...

Alte Oper

Alte Oper

Frankfurt, Germany

Alte Opre is a magnificent recreation of the old opera house that was built in 1880. For years the reconstruction of the Opera house was hazy after it was destroyed in WWII, but the new house was rebuilt and opened in 1981. Serving as more than just an opera house, it holds collections of German war history and of the rich Frankfurt culture. The building, square and fountain are spectacular when l...

Souk Sharq

Souk Sharq

Kuwait, Kuwait

For all the shopping enthusiasts who visit Kuwait, Souk Sharq cannot be missed. This shopping complex has drawn tourists as well as locals to its friendly and bustling ambience for years, and caters to families and individuals and people of all ages. From a food court lined up with almost every franchise and fast food outlet, to the biggest names and brands in fashion and goods, this mall is numbe...