Al-Futtaim Group Real Estate and Etisalat Misr have agreed to provide triple play services for Cairo Festival City, New Cairo, by early 2020, facilitating the provision of data communication services and high-speed broadband, Invest-Gate reports.
Under the deal, which was signed between Al-Futtaim Group Managing Director Ashraf Ezz El-Din and Etisalat Misr CEO Hazem Metwally, a variety of advanced integrated services will be offered to enable users to enjoy Internet Protocol Television (IPTV) services that deliver high-quality TV channels and voice services, controlled by a fiber-optic based unified package, the company said in press release on September 3.
Praising the new contract, Ezz El-Din highlighted, “We chose Etisalat Misr to be the optimal telecom operator providing technology solutions and networks within Cairo Festival City, aiming to meet the needs of our customers who are increasingly eager to utilize premium telecommunication services.”
He elaborated, “Since its inception in the Egyptian market years ago, Al-Futtaim Real Estate Group has made it a priority to establish an integrated real estate system that is constantly endeavoring to develop in line with the demands and requirements of the Egyptian property market. Thus, we are committed to cooperating with distinguished partners, who relish an international experience and exceptional competence in their fields.”
Meanwhile, Etisalat Misr’s Metwally noted, “We are delighted to join forces with Al-Futtaim Real Estate Group, particularly because it is one of the leading real estate investment companies. Besides, the partnership conforms with Egypt Vision 2030, which strives to achieve the digital economy through the use of information and communication technologies tools, backed by building several smart cities.”
Situated in the heart of east Cairo, 15 minutes away from Cairo International Airport, Cairo Festival City is the first-of-its-kind project in Egypt, covering 3 mn square meters and comprising administrative, residential, and entertainment ventures, together with over 300 commercial spots, in one integrated community.