Heliopolis Company for Housing and Development has announced that the decision and award committee had initially chosen Mountain View for Development and Real Estate Investment.
That to participate with Heliopolis Housing in developing the Heliopark project.
It’s located on an area of 1695 acres in New Cairo.
The company added, in a statement issued to the Egyptian Exchange, today, Tuesday, that this choice is considered preliminary and is subject to the approval of the Board of Directors.
It is noteworthy that the expected total value of the project’s revenues is estimated at EGP 397 billion.
Heliopolis’s share is about EGP 115 billion.