Heliopolis Company for Housing and Development (HHD) plans to invest between EGP 3-4bn over the next five years to develop New Heliopolis City. He also said that the company aims to enhance the existing neighbourhoods in the city. He said that the company is pursuing both self-development and partnership with the private sector, which is its new strategic priority. HHD said in a statement to the stock exchange two days ago that it may expand the deal to include another 1070 feddan in the northern part of New Heliopolis City, which would increase the value of the down payment and the guarantee letter accordingly. HHD has also decided to offer residential units in New Heliopolis City and the Sheraton area in New Cairo for sale through public bidding and to start selling 84 residential units.

Source: Daily News Egypt February 08, 2024 11:20 UTC