Heliopolis Company for Housing and Development is expected to reveal its development plan within days, which is being developed by the new board of directors, as soon as it receives the approval of the Public Enterprises Sector Ministry, informed sources told Daily News Egypt.

The plan aims to maximize the value of the company, and make good use of the HHD land portfolio. The new plan includes clear mechanisms to develop the company using self-resources, in addition to partnership agreements with some developers, similar to the recent agreement with SODIC to develop 650 feddan in New Heliopolis.

2020 Daily News Egypt. Provided by SyndiGate Media Inc. (Syndigate.info).

Disclaimer: The content of this article is syndicated or provided to this website from an external third party provider. We are not responsible for, and do not control, such external websites, entities, applications or media publishers. The body of the text is provided on an as is and as available basis and has not been edited in any way. Neither we nor our affiliates guarantee the accuracy of or endorse the views or opinions expressed in this article. Read our full disclaimer policy here.