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(CAIRO, Egypt) -- Las Vegas is coming to the Pyramids.
 
Vegas-based MGM Mirage has been selected as a joint venture partner in the development of an estimated billion-dollar-plus, mixed-use community near the base of the famous pyramids on the outskirts of Cairo.
 
All equity funding for the luxury project, called MGM Grand New Giza, will be provided by Giza Real Estate Development.  MGM Mirage will provide management services and brand fees through MGM Mirage Hospitality.
 
Located 40 minutes from the airport, the 550-room MGM Grand will provide spectacular views of the city of Cairo and the famous Pyramids of Giza.

It will be connected via electric train to the new and highly anticipated Egyptian antiquities museum, currently under construction.

"The New Giza community presents an opportunity for us to be part of an extraordinary new master-planned development near Egypt's famed pyramids," says Gamal Aziz, President and CEO of MGM Mirage Hospitality.

"Our partners share our focus on luxury, excellence, customer-oriented design and unparalleled service. Together with this spectacular location, this new resort will quickly become a tourism and conference destination that is both in high demand and fully reflective of the MGM Grand brand."

Aziz says the New Giza development marks a new beginning for luxurious, master-planned communities in Egypt.
 
Built over 1,500 acres of land, it will incorporate elegant homes, three resort hotels, lavish restaurants, shopping malls, all-inclusive sporting facilities and a high-end golf course designed by Thomson Perrett & Lobb.

Built on graded elevations, about 80 percent of the 2,500 villas and townhomes will enjoy all-around views of Cairo and the Pyramids of Giza. Developed as nine individual neighborhoods, the community will be surrounded by abundant greenery, parks and lakes.

"We are delighted to have the MGM Grand anchor our hotel and hospitality sector in New Giza," says Mahmoud El Gammal, CEO of New Giza for Real Estate Development.

"MGM's reputation for quality living, dining, entertainment, spa and nightlife offerings will provide the amenities, excitement and energy that reflect the lifestyle of this unique development."

MGM Grand New Giza is currently under design. The resort is anticipated to open in 2013.

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