Egypt’s Heliopolis Housing has EGP100bln in assets, Chairman

Egypt’s state-run Heliopolis Company for Housing and Development has total real estate assets exceeding 100 billion Egyptian pounds according to its Chairman Khaled Zakaria.

He added during a press conference that the company’s land portfolio includes New Heliopolis City which is located between Shorouk City and Badr City over 5000 feddans.

Zakaria also noted that the company also owns a land plot of 3400 feddans on Egypt-Suez road, in addition it also owns Granada City and the Merryland .

The Chairman has also announced a strategic plan to develop the company which depends on five axes, including developing New Heliopolis city, Helio Park on the Suez Road, in addition to upgrading its estate assets as well as restructuring the company and providing financial resources.