Heliopolis Housing’s (HELI) decision & award committee had initially chosen Mountain View Development as a partner in developing the Heliopark project (1,695 acres).
More Details🧐 The decision is pending approval by HELI’s board of directors.
Heliopark is expected to generate EGP 397 billion in revenues over 23 to 25 years, of which HELI’s share is around EGP 115 billion.
Why is this Important🤔 Mountain View was chosen out of a total of three companies that made offers, with the two other offers coming from Hassan Allam Properties & Majid Al Futtaim Real Estate Misr. HELI closed -4.22% at the end of yesterday’s trading session.
