The UAE-based Al Habtoor Group is studying the possibility of building in Cairo, Egypt, a project similar to its Al Habtoor City that is coming up in Dubai, UAE.
Khalaf Ahmad Al Habtoor, chairman of the Al Habtoor Group, said: “It is my hope to build Al Habtoor City in a prime location in Cairo. This will be of great benefit to the country’s economy, and will also provide thousands of jobs.”
Al Habtoor City, currently under construction in Dubai, employs around 8,000 people. Once complete, it will also provide a further 3,000 jobs.
Al Habtoor added: “Thousands of families in Egypt will benefit from a project like this, as most of the staff will be recruited locally.”
Al Habtoor City is a multi-use development incorporating three five-star hotels (St Regis, W hotel and Westin), three high-rise luxury residential towers complete with 11 ultra-luxury penthouse apartments, multiple restaurants, bars and shops, and a specially choreographed water-themed Franco Dragone Entertainment Group theatrical production.
Al Habtoor, who plans to visit Egypt soon, said he is conducting feasibility studies for investment in the automotive, real estate and hospitality sectors of Egypt.