Arab Finance: Heliopolis Company for Housing and Development (HELI) has received four offers to develop New Heliopolis City, including one from a UK-based firm looking forward to building an outlet mall for commercial brands, the firm’s CEO Sameh El Sayed told Asharq Business.
Accordingly, the British firm is competing with the real estate developers Madinet Masr and Mountain View over the development of New Heliopolis City.
Moreover, Heliopolis Housing has discussed the financial matters for the development of the Granada complex with a German hospitality company, and received an offer for the development of Merryland Park, El Sayed noted.
On March 3rd, Heliopolis Housing received a technical and financial offer from Madinet Masr for the development of three plots of land spanning around 580 feddans in New Heliopolis City.