{"id":631550,"date":"2018-03-21T04:17:56","date_gmt":"2018-03-21T04:17:56","guid":{"rendered":"https:\/\/enterpriseam.com\/egypt\/2018\/03\/21\/al-futtaim-real-estate-to-invest-egp-30-bn-in-cairo-festival-city-by-2023\/"},"modified":"2018-03-21T04:17:56","modified_gmt":"2018-03-21T04:17:56","slug":"al-futtaim-real-estate-to-invest-egp-30-bn-in-cairo-festival-city-by-2023","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/egypt\/2018\/03\/21\/al-futtaim-real-estate-to-invest-egp-30-bn-in-cairo-festival-city-by-2023\/","title":{"rendered":"Al-Futtaim Real Estate to invest EGP 30 bn in Cairo Festival City by 2023"},"content":{"rendered":"<p><strong>INVESTMENT WATCH- Al-Futtaim Real Estate plans to invest EGP 30 bn (USD 1.7 bn) in its Egypt project Cairo Festival City by 2023<\/strong>, nearly double what it had originally planned, Managing Director Ashraf Ezzeldin told the press yesterday, <a href=\"https:\/\/www.reuters.com\/article\/futtaim-egypt\/al-futtaim-investment-in-cairo-festival-city-to-reach-1-7-bln-by-2023-idUSL8N1R24AY\">Reuters reports<\/a>. The company, which had set an initial investment budget of EGP 15-17 bn for Egypt, will break ground on four new projects worth EGP 7.5 bn this year that will be complete in three-years\u2019 time, Ezzeldin said.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>INVESTMENT WATCH- Al-Futtaim Real Estate plans to invest EGP 30 bn (USD 1.7 bn) in its Egypt project Cairo Festival City by 2023, nearly double what it had originally planned, Managing Director Ashraf Ezzeldin told the press yesterday, Reuters reports. The company, which had set an initial investment budget of EGP 15-17 bn for Egypt, [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"open","sticky":false,"template":"single-feature.php","format":"standard","meta":{"_acf_changed":false,"newspack_ads_suppress_ads":false,"newspack_popups_has_disabled_popups":false,"newspack_sponsor_sponsorship_scope":"","newspack_sponsor_native_byline_display":"inherit","newspack_sponsor_native_category_display":"inherit","newspack_sponsor_underwriter_style":"inherit","newspack_sponsor_underwriter_placement":"inherit","ep_exclude_from_search":false,"_primary_brand":0,"newspack_featured_image_position":"","newspack_post_subtitle":"","newspack_article_summary_title":"Overview:","newspack_article_summary":"","newspack_hide_updated_date":false,"newspack_show_updated_date":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[8572],"tags":[72,2380],"brand":[],"newspack_spnsrs_tax":[],"class_list":["post-631550","post","type-post","status-publish","format-standard","hentry","category-speed-round","tag-enterpriseam","tag-speed-round","wpautop","entry"],"acf":{"mongo_id":"77e0f638-5faa-4f35-ad3c-bda9e152bf8d","order":"0","is_powered_by":true,"section_story_id":"aeea8c4a-0fd4-45dc-b8d4-9fa7752b182f","story_type":"1","photo_url":"","photo_position":"above","related_issue":[631537],"teaser":"","voice_url":""},"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v27.1 (Yoast SEO v27.1.1) - https:\/\/yoast.com\/product\/yoast-seo-premium-wordpress\/ -->\n<title>Al-Futtaim Real Estate to invest EGP 30 bn in Cairo Festival City by 2023 - EnterpriseAM Egypt<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/enterpriseam.com\/egypt\/2018\/03\/21\/al-futtaim-real-estate-to-invest-egp-30-bn-in-cairo-festival-city-by-2023\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Al-Futtaim Real Estate to invest EGP 30 bn in Cairo Festival City by 2023\" \/>\n<meta property=\"og:description\" content=\"INVESTMENT WATCH- Al-Futtaim Real Estate plans to invest EGP 30 bn (USD 1.7 bn) in its Egypt project Cairo Festival City by 2023, nearly double what it had originally planned, Managing Director Ashraf Ezzeldin told the press yesterday, Reuters reports. The company, which had set an initial investment budget of EGP 15-17 bn for Egypt, [&hellip;]\" \/>\n<meta property=\"og:url\" content=\"https:\/\/enterpriseam.com\/egypt\/2018\/03\/21\/al-futtaim-real-estate-to-invest-egp-30-bn-in-cairo-festival-city-by-2023\/\" \/>\n<meta property=\"og:site_name\" content=\"EnterpriseAM Egypt\" \/>\n<meta property=\"article:published_time\" content=\"2018-03-21T04:17:56+00:00\" \/>\n<meta name=\"author\" content=\"enterpriseam admin\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"enterpriseam admin\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2018\/03\/21\/al-futtaim-real-estate-to-invest-egp-30-bn-in-cairo-festival-city-by-2023\/#article\",\"isPartOf\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2018\/03\/21\/al-futtaim-real-estate-to-invest-egp-30-bn-in-cairo-festival-city-by-2023\/\"},\"author\":{\"name\":\"enterpriseam admin\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#\/schema\/person\/ca597032db7e4db868359c123cec256d\"},\"headline\":\"Al-Futtaim Real Estate to invest EGP 30 bn in Cairo Festival City by 2023\",\"datePublished\":\"2018-03-21T04:17:56+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2018\/03\/21\/al-futtaim-real-estate-to-invest-egp-30-bn-in-cairo-festival-city-by-2023\/\"},\"wordCount\":85,\"publisher\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#organization\"},\"keywords\":[\"EnterpriseAM\",\"SPEED ROUND\"],\"articleSection\":[\"Speed Round\"],\"inLanguage\":\"en-US\"},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2018\/03\/21\/al-futtaim-real-estate-to-invest-egp-30-bn-in-cairo-festival-city-by-2023\/\",\"url\":\"https:\/\/enterpriseam.com\/egypt\/2018\/03\/21\/al-futtaim-real-estate-to-invest-egp-30-bn-in-cairo-festival-city-by-2023\/\",\"name\":\"Al-Futtaim Real Estate to invest EGP 30 bn in Cairo Festival City by 2023 - 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The company is also eyeing developing 1 mn sqm of land in East Cairo, he said, without disclosing\u2026","rel":"","context":"In &quot;Speed Round&quot;","block_context":{"text":"Speed Round","link":"https:\/\/enterpriseam.com\/egypt\/category\/speed-round\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/internal\/536550.png?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]},{"id":591474,"url":"https:\/\/enterpriseam.com\/egypt\/2019\/12\/08\/majid-al-futtaim-to-invest-egp-44-bn-in-egypt-inaugurates-usd-580-mn-city-center-almaza\/","url_meta":{"origin":631550,"position":1},"title":"Majid Al Futtaim to invest EGP 44 bn in Egypt, inaugurates USD 580 mn City Center Almaza","author":"enterpriseam admin","date":"8 December 2019","format":false,"excerpt":"INVESTMENT WATCH- Majid Al Futtaim to invest EGP 44 bn in Egypt in the coming years: Dubai-based real estate developer and retail giant Majid Al Futtaim (MAF) will invest EGP 44 bn in Egypt in the coming years, CEO Alain Bejjani said, according to a cabinet statement. Bejjani had told\u2026","rel":"","context":"In &quot;Speed Round&quot;","block_context":{"text":"Speed Round","link":"https:\/\/enterpriseam.com\/egypt\/category\/speed-round\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/internal\/536550.png?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]},{"id":591421,"url":"https:\/\/enterpriseam.com\/egypt\/2019\/12\/05\/majid-al-futtaim-to-invest-egp-16-bn-in-egypt-in-the-next-2-3-years-ceo\/","url_meta":{"origin":631550,"position":2},"title":"Majid Al Futtaim to invest EGP 16 bn in Egypt in the next 2-3 years -CEO","author":"enterpriseam admin","date":"5 December 2019","format":false,"excerpt":"INVESTMENT WATCH- Majid Al Futtaim to invest EGP 16 bn in next 2-3 years: Emirati real estate developer and retail giant Majid Al Futtaim (MAF) will invest EGP 16 bn in Egypt over the next 2-3 years, CEO Alain Bejjani told Reuters. 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