JOTUN to supply paint for LE 20 billion ‘Cairo Festival City’ project
JOTUN Paints, one of the world’s leading producers and suppliers of paints and coatings, announced that it will be supplying paint for the LE 20 billion ‘Cairo Festival City’ project, a 2.5 million square metre mixed-use development that is set to feature Egypt's first indoor-outdoor retail resort and entertainment complex. The delivery of approximately 10 million litres of high quality paints, for the project is expected to drive the manufacturer’s efforts to capture a larger share of the LE 1.2 billion Egyptian paint market.
JOTUN is currently working on the first phase of the ‘Cairo Festival City’ project and has recently completed the first five prototype villas using an intelligent combination of highly specialised paints for the extensive project. Fenomastic Primer, Stucco and Fenomastic Emulsion Matt headlines the internal acrylic paint system to be used for the interior of Festival Centre and Festival Village, business and retail hotels, residential buildings, clubhouse and commercial offices. Fenomastic Primer is a high-performance water borne primer based on a special, high quality, alkali resistant acrylic binder, which is specially formulated to resist the surface alkalinity as well to achieve better penetration and adhesion to the substrate, Stucco will be utilized across the project to obtain a smooth uniform substrate. In line with the development’s theme, the smooth and durable finish that will not chip or fade, Fenomastic Emulsion Matt will be applied as the top coat.
“Cairo Festival City transcends the archetypal shopping mall to encompass a total retail, hospitality, leisure, lifestyle and business environment within a rapidly growing tourism landscape, and we are truly proud to be a part of this monumental development,” said Sherif Kassem, Mega Projects Manager, JOTUN Paints. “Through our innovative painting solutions, we have been able to meet the needs of the entire project, which is a huge step for us to realise our goal of increasing our share in this high potential market.”
For the exterior surfaces, JOTUN’s team has recommended the Jotashield Alkali Resistant Primer, the highly alkali resistant acrylic water base primer with excellent penetrating properties. For a tough and durable premium quality texture that can withstand heavy weather conditions, the team advised the decorative external acrylic texture Paint, Profile Decor and Heavy Tex.
“Our involvement with this massive project provides us with a great opportunity to showcase the quality of our products to an audience, which will be comprised of international tourists and locals. This contract will provide us with additional leverage to maximise the opportunities within the Egyptian paint market, and also stand as a testament to our aggressive stance in acquiring high value contracts from the region’s most prestigious projects, as we move forward to reinforce our leadership in the region,” concluded Kassem.
© 2008 Al Bawaba (www.albawaba.com)
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