HDB finishes Opera City Compound

Fathy Al Sabai, Chairman of Housing & Development Bank, said his bank has finished the last phase of Opera City compound, and the customers are receiving their units now.

Al Sabai said that the project’s space is an area of 48acres with 1.5 thousands units. It includes an area with entertainment, administrative and commercial services, in addition, a sporty, social and cultural center.

He added that the bank is negotiating with Helwan district in order to get a 27 acres plot of land to construct an average economical housing project.

The bank’s statements showed an increase before the taxes with 62% to reach EGP 112 million in the first quarter of 2012, compared with EGP 69 million last year.

Meanwhile, the bank achieved net profits, after calculating taxes, EGP 83 million, compared with EGP 61 million at the same period in 2011.