Heliopolis: Completion of the facilities of Heliopolis in September 2019

Economy and stock exchange

Eng. Hany El-Deeb, Chairman of the Board of Directors of Heliopolis Housing and Development Company, one of the companies of the Ministry of Public Works Sector during his speech at the General Assembly Meeting to discuss next year's budget, said that this budget comes in light of the amendment of the Republican Decree No. 636 of 2017 regarding the subordination of the city of Heliopolis In terms of administrative mandate, the development of the sunrise, as well as get the highest restrictions of height in the region of 24 meters.

And the issuance of the Republican Decree No. 165 of 2019 amending the limits of the Republican Decree 193/1959 and ending the disputes relating to the lands that infringed by that definition.

During the general assembly, chaired by Eng. Mahmoud Hegazy, Chairman of the Holding Company for Construction and Development, and in the presence of agents of the Central Auditing Organization, to approve the company's budget for the financial year 2019-2020, it is currently negotiating the new urban communities to increase the population density of 100 people in the feddan To 150 people per acre, making the most of the land value.

Hany Al-Deeb pointed out that the company has developed a strategy to address all the financial, marketing and restructuring problems suffered by the company through specialized consultancy offices, pointing out that the company has taken some measures that would maximize the company's revenues, including: Prevailing market prices, and has already been contracted with a number of companies to collect the company's outstanding arrears with customers.

Al-Deeb said that the company has obtained approval from the Holding Company for the sale of a set of land. Financing for the facilities in Heliopolis has been provided, which will be completed by the first of September 2019.

The company is currently preparing a global competition for the detailed planning of land in New Heliopolis and Heliopolis, to bring global ideas at the highest level to maximize the value of land and attract large investors.

Hany El-Deeb revealed that in the framework of the company's efforts to improve the mental image of the city of Heliopolis, the company made great efforts to complete the facilities projects in the city in September 2019. With regard to water, we implemented 80% of the city's water supply system and the coordination of pumping water in the city during July This year, for electricity, 90% of the power station of the city was completed and electricity is waiting from the Ministry of Electricity. As for drainage, 90% of the treatment plant and the running tests have been implemented. In addition, Pain The year was signed for the city of Heliopolis for implementation.