Arab Finance: Heliopolis Housing and Development will establish a residential complex in New Heliopolis with an investment of EGP 2 billion, CEO Sameh El Sayed told Al Mal News.
The project is projected to generate EGP 4 billion in sales.
The state-owned real estate company has allocated EGP 3 billion for infrastructure investments in New Heliopolis over the next four to five years, with additional developments planned in the area, El Sayed added.