The Clap
Tamer Nasser, CEO of Heliopolis Housing (HELI), spoke about the company’s development of the new city of Heliopolis, the means of financing the company’s projects, and the expected revenues in the future.
New Heliopolis City
Nasser said the company plans to start developing 107 acres of the New Heliopolis City, and that it will receive proposals from contractors to implement the first stages of the development process.
Financing
The company said that it has no intention to resort to bank loans or non-bank financing and that it plans to finance its projects from its own resources.
Investments and Revenues
During 2023, the company expects to invest EGP 403 million, and record revenues of EGP 872 million.
Heliopolis Housing’s plan for the market 🏠
