Arab Finance: Heliopolis Company for Housing and Development has penned a revenue-sharing contract with MG Development to develop an integrated housing project on 77.19 acres in New Heliopolis, as per a disclosure on December 10th.
Heliopolis Housing’s expected share in the project’s total revenues amount to EGP 3.394 billion or 32.1%.
Heliopolis Housing is a leading Egypt-based real estate development company that operates in land reclamation and subdivision, residential real estate development and management, property purchase and sale, and project planning and supervising.