As airports develop from landing strips to shopping malls to airport cities, the availability of land to develop Real Estate becomes a major asset.
Cairo International Airport has ample space for the development of facilities and cargo but also for the development of real estate. Airports in general are considered as excellent locations for the establishment of company headquarters and regional offices. Here yet again, Cairo’s geographical location, labour costs and level of education play an important role. The Airport’s proximity to residential areas and the traffic situation at Cairo (Ring Road, Suez Road, Ismalia Road) is a key strength for establishing real estate at the Airport. First steps in this direction have actually started a while back with the development of hotels as well as a sports facility such as the ‘Smash Club” in 2004. The AirMall is fully rented and there is demand for additional areas. The Supermarket which opened in mid August 2006 was a second step and performance is very satisfactory.
The Oasis project being developed at the airport entrance near the Orouba road is progressing well and the concept, which according to the architect’s vision brings back to life the feeling of Heliopolis from the turn of the century, surrounded by gardens, ponds and children areas promises to be a big success.