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Press Releases

Emaar, CIB Sign Deal to Instate Branch at Mivida Business Park

Emaar Corporate: 07/06/2015 Emaar Misr, a wholly-owned subsidiary of Emaar PJSC, has signed a contract with the Commercial International Bank (CIB) to inaugurate the bank’s first branch at the Business Park, located inside the fully-integrated, mixed-use community of Mivida in the heart of New Cairo. The partnership is part of Emaar’s commitment to providing comprehensive services to its homeowners, with utmost comfort and convenience in mind. CIB’s Director of Bank Projects, Essam El Nisr, stated that “the opening of this branch comes at a perfect time when residents have already started moving into their new homes,” and that the Mivida community is “set to become the central meeting point of this district; hence we were keen on having a branch that provides all of our services within reach.” Mivida Business Park was designed by world-renowned firm MBH, with its first phase spanning 27,000 sqm of smart spaces that are environmentally-friendly and energy-efficient. All buildings are interconnected through a fibreglass network, enabling the use of cutting-edge technological services. The Business Park was designed to maximise the use of office space for every business owner or lessee, and is surrounded with the lush greenery and palm trees that distinguish Mivida. Moreover, the park includes abundant aboveground and underground parking areas. Spanning a total area of 3.8 million sqm, Mivida revolutionises the notion of mixed-use developments and is strategically located in the heart of New Cairo’s fifth district, only minutes away from the American University in Cairo. Mivida’s new concept of green living and ideal model of self-contained communities offers a melange of suburban living and the services and means of entertainment of a metropolitan city. The fully-integrated development embraces residential and commercial units with state-of-the-art facilities in accordance with the highest international quality standards, in addition to international schools, a medical centre, hotels and retail outlets. Together, all of these elements make Mivida the one place where life comes together.