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Al-Futtaim Group Real Estate announces completion of new building at Dubai Silicon Oasis
- United Arab Emirates: Sunday, July 12 - 2009 at 14:08
- PRESS RELEASE
Employees of the InterContinental Hotels Group Dubai Festival City move into new accommodation which was inaugurated recently.
Amenities include an all day dining room, a hair salon, and prayer rooms alongside recreational facilities consisting of three swimming pools, a fully equipped gymnasium, television, internet and games rooms. The building will be managed by Al-Futtaim Real Estate.
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Notes and media contacts
Notes:Al-Futtaim Group Real Estate (AFGRE) is the real estate development and operations arm of Al-Futtaim group. AFGRE is responsible for the origination, conception, development, procurement and construction of mega projects and the leasing and operation of these projects after completion.
In addition, AFGRE develops and operates an extensive multi million dollar portfolio of individual corporate real estate and investment assets across the MENA region.
The two current flagship mixed use urban communities under the Festival City brand are Dubai Festival City (5.2 million square metres) and Cairo Festival City (3 million square metres).
Designed to capture the ground breaking 21st Century spirit of Dubai, Dubai Festival City was the first fully integrated mega project to be progressively delivered in the UAE. Encompassing the finest shopping, dining, entertainment, homes, schools, offices and leisure, Dubai Festival City is formed into three distinct districts and connected by a 30 kilometre internal road network and creekside promenade. Upon completion, Dubai Festival City will be home to 50,000 residents living in 20,000 villas and apartments and a place to work for 50,000 office staff.
Cairo Festival City is the second fully integrated mega project to be progressively delivered. Encompassing the finest shopping, dining, entertainment, homes, school, offices and leisure, Cairo Festival City is connected by an internal road network and a necklace of parks interlaced throughout the city. Upon completion, Cairo Festival City will be home to over 13,000 residents in villas and apartments and a place to work for 50,000 office staff.
Al-Futtaim Group Real Estate has received several awards this year:
1. Construction World Gulf Real Estate Awards 2008 'Top 3 Middle East Developers' for Al-Futtaim Group Real Estate
2. Global Retail & Leisure International Awards 2008 'International Shopping Centre of the Year' for Festival Centre, Dubai Festival City
3. Best in Dubai Awards 2008 'Best Event Venue' for Festival centre, Dubai Festival City 'Best Shopping Mall in Dubai' Runner Up for Festival Centre, Dubai Festival City.
About IHG:
InterContinental Hotels Group (IHG) is the world's largest hotel group by number of rooms. IHG owns, manages, leases or franchises, through various subsidiaries, more than 4,150 hotels and almost 620,000 guest rooms in nearly 100 countries and territories around the world.
IHG has more than 1,700 hotels in its development pipeline, which will create 200,000 jobs worldwide over the next few years.
InterContinental Hotels Group PLC is the Group's holding company and is incorporated in Great Britain and registered in England and Wales.
For more information, please contact:
Nazneen Yasin
PR Account Executive
GMASCO
Dubai - United Arab Emirates
Tel: +971 50 5096054
Fax: +9714 2279801
P.O. Box 5830, Dubai, UAE
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