Heliopolis Company Eyes Egp 39 7bn Returns From New Development Project The egx listed firm penned the deal with the middle east real estate and tourism development and investment company on 21 january 2024, according to a bourse disclosure. heliopolis company expected a return of egp 39.70 billion from the development project with a guaranteed minimum of egp 23 billion. Under the deal, the company’s share in revenues from the semi finished units, along with 3% of the finishing value with a guaranteed minimum of egp 23 billion and an expected return of egp 39.7 billion. the project is set to be executed over a 10 year period as of the issuance date of the first license, while the development, marketing, and.
Heliopolis Housing Plans Egp 4bn Urban Project In New Heliopolis 23 january 11:44 am heliopolis company eyes egp 39.7bn returns from new development project cairo – mubasher: heliopolis company for housing and development signed a participation contract to develop 865 acres under deficit and excess in new heliopolis city. Cairo – mubasher: heliopolis company for housing and development signed a participation contract to develop 865 acres under deficit and excess in new heliopolis city. The value of new heliopolis city’s land exceeds egp 10 billion. in march 2024, heliopolis company received a technical and financial offer from madinet masr for the development of three plots of land in new heliopolis city. heliopolis company’s net profit registered egp 7.80 billion in 2023, a surge from egp 603 million a year earlier. Last month, hhd signed a deal with the middle east real estate and tourism development to develop 865 feddan in new heliopolis city, with a 28% revenue share for semi finished units, plus 3% of the finishing value, with a minimum guaranteed value of egp 23bn and an expected return of egp 39.7bn.
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