MGM Mirage and New Giza for Real Estate Development have announced plans for the MGM Grand New Giza
on the outskirts of Cairo, Egypt. Equity funding for the development will be provided by New Giza for Real Estate Development while MGM Mirage will provide management services and branding. The 550-room MGM Grand will have views of the city of Cairo and the pyramids of Giza and will be connected via electric train to the new Egyptian antiquities museum currently under construction.
The New Giza development is a new master-planned community that is built over 1,500 acres of land and will include homes, hotels, restaurants, malls and a golf course. Around 80 percent of the 2,500 villas and townhomes will enjoy all-around views of Cairo and the Pyramids of Giza. The hotel is currently under design and is expected to open in 2013.