Heliopolis Housing to deliver 2 power plants in New Cairo early-2018

Egypt’s state-run Heliopolis Company for Housing and Development says it hopes to deliver two power plants and a water treatment station at New Heliopolis project in New Cairo within the first quarter of 2018.

The total cost of the two plants and the station is worth 580 million Egyptian pounds ($31.9 million).

Khaled El Marasy, Managing Director for Technical and Administrative Affairs at Heliopolis Co., said Monday that his company is executing the three stations in cooperation with National General Contracting and Supplies, which partakes in all the utilities works.

“We are responsible for establishing the fully-integrated utilities works of New Heliopolis project in partnership with SODIC Company,” El Marasy noted.

The Egyptian official further added that SODIC will develop 8,600 housing units of the project on a space of 650 feddans as well as the administrative, commercial, and services buildings.

El Marasy referred that Heliopolis Co. is set to capture 30 percent share from selling the project’s units, while SODIC will attain 70 percent.