Al Habtoor Group hints at ambitious project in Cairo

Posted on 11th January 2016

Al Habtoor Group chairman has hinted at an ambitious project he is considering in the Egyptian capital Cairo.

Pic courtesy: Tradearabia Pic courtesy: Tradearabia

In an exclusive interview with Al Arabiya TV, Khalaf Ahmad Al Habtoor said that he has submitted a proposal to the Egyptian President Abdel Fattah el-Sisi to build a multi-use development in Cairo - the largest city in the Middle East.

The large-scale development, on more than 800,000 sqm of land, is based on the Al Habtoor’s Group’s highly-anticipated Al Habtoor City project in Dubai, which incorporates three luxury hotels alongside three high-rise residential towers on the banks of the Dubai Water Canal.

Al Habtoor said, “It would be a vibrant community in the heart of the city and new landmark in Cairo. It would provide much-needed jobs for the Egyptian people and would be a great boost to the city’s economy.”

The proposal for Al Habtoor City Cairo incorporates three luxury internationally-branded hotels, three high-rise residential towers as well as a cluster of mid-rise residential apartment blocks, 204 luxury villas set within picturesque landscaping and boasting state-of-the-art facilities, an international school, a shopping complex, two polo fields and a golf course.

Complementing the development would be numerous high-end retailers, and multiple food and beverage outlets within the hotels and shopping complex. The shopping centre covers 290,000 sqm of rental retail space, according to Constructionweekonline news report.

The chairman said, “The project is all encompassing. Residents and guests would have everything they need on their doorstep.Egypt offers huge potential. We have been studying the idea for some time. Egypt is ready for an investment of this scale.”

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