UAE- Al Habtoor plans mixed use project in Cairo

Date

1/13/2016 3:55:06 AM

(MENAFN- Khaleej Times)

The Al Habtoor Group is planning an ambitious mixed-use project in Cairo.

Khalaf Ahmad Al Habtoor chairman of Al Habtoor Group said he has submitted a proposal to the Egyptian president Abdel Fattah El Sisi to build a multi-use development in Cairo. He was speaking to Al Arabiya TV channel on Wednesday.

The large-scale development on more than 800000 square metres of land is based on the 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 a new landmark in Cairo. It would provide much-needed jobs for Egyptians and would be a great boost to the city's economy."

Al Habtoor City in Dubai employed some 8000 people during the construction phase which is still ongoing. Once complete it will provide a further 3000 jobs.

The complex is opening in phases. The first hotel within the development The St Regis Dubai opened in late 2015. The two other hotels are scheduled to open in the first quarter of 2016 (W Dubai - Al Habtoor City and Westin Dubai Al Habtoor City).

The proposal for Al Habtoor City Cairo incorporates three luxury internationally-branded hotels three high-rise residential towers and a cluster of mid-rise residential apartment blocks 204 luxury villas 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 290000sqm of rental retail space.

The chairman said: "There is nothing like this anywhere in the world. It is all encompassing. Residents and guests would have everything they need on their doorstep."

Al Habtoor said 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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