Arab Finance: Sky Innovo Developments has launched Citystars Park St., a landmark mixed-use development in New Cairo, with a total development value exceeding EGP 100 billion, according to an emailed press release.

The project reinforces Cairo’s position as a leading regional destination for business, tourism, and lifestyle. It is expected to contribute to driving economic activity and job creation, particularly across the tourism, retail, and services sectors.

It spans 140,000 square meters, has a total built-up area of nearly 560,000 square meters, and extends over a 1.2-kilometer master-planned frontage.

Located approximately 20 minutes from Cairo International Airport, the development scheme will secure around 5,000 parking spaces, providing strong accessibility.

For his part, Ayman Fathy Hussein, Chairman of Sky Investments Holding and Sky Innovo Developments, said: “This project reflects our confidence in Egypt’s long-term growth and Cairo’s position as a leading regional hub. Citystars Park St. will contribute to economic activity and job creation across multiple sectors, particularly tourism, retail, and services.”

Hussein added: “Our vision is to create a destination where people can live, work, and socialize within a walkable, integrated environment defined by quality, convenience, and simple everyday luxury.”

“This development enhances the value of our portfolio while contributing directly to Egypt’s economic growth. By partnering with leading developers and global operators, we are creating a destination that will attract international visitors and generate meaningful employment opportunities,” the official concluded.