Heliopolis Housing (HELI) plans to utilize the majority of the payment in advance included in Mountain View’s offer to develop New Heliopolis City, according to Al Mal.
More Details🧐 Mountain View had won the bid to co-develop the Heliopark project with HELI just last week. Late in December 2021, HELI was closing in on two deals to set up the infrastructure of New Heliopolis City.
Why is this Important🤔 Heliopark has a development period of 15 years, & the collection period for project returns is 23-25 years. The project will provide financial resources on a constant basis to HELI, which qualifies the company to enter into future projects.