Cairo Festival City (CFC), one of Al Futtaim Group’s developments in Egypt, launched CFC Club to provide the mixed-use urban community’s residents and visitors with an array of sports and social activities, on the sidelines of the first day of Cityscape Egypt, which runs from November 4 to 7.
Phase I of the 62,000-square-meter project is set for completion in January 2022, with work on the second phase expected to conclude in August of the same year, Al Futtaim Real Estate Managing Director Ashraf Ezz-El Din revealed in a press conference at the four-day property event.
“The first phase contains all the sporting complexes and an extensive green area for our customers to enjoy, whereas the second phase will include a clubhouse, indoor swimming pools, restaurants, and an area designated for events and concerts,” Ezz-El Din was quoted as saying.
“CFC has signed contracts with leading international consultants to execute the club’s architectural designs and to ensure a wide variety of the newest sporting instruments and equipment to offer members a comprehensive sporting experience,” he continued.
Ezz-El Din also uncovered updates on the residential, commercial, and administrative components of east Cairo’s CFC development. Work on the 100,000-square-meter “Oriana IV” project, which comprises 116 villas, is 65% done.
Besides, “Aura Apartments” saw 18% of construction complete. Covering more than 56,000 square meters of CFC’s total area, the gated community will include 404 fully-finished flats, with areas ranging between 130 and 240 square meters.
As for “The Podium” offices, 37% of the project’s progress was finalized, the managing director further stated, indicating that the administrative project will comprise six five-story buildings, with unit areas varying from 95 to 500 square meters.
Exclusively at the Cityscape Egypt exhibition, potential customers are provided with a limited-time offer of payment plans of up to eight years, instead of the previously-offered five-year installment plans, Ezz-El Din pointed out.