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Heliopolis Company for Housing and Development has finished the detailed plans of residential area and services of Heliopark venture. Its infrastructure investments reached EGP 800 million.
Eng. Ali Mustafa, vice chairman, at Heliopolis Company for Housing and Development, said the company will start implementing the venture’s first phase, which is on an area of 1.4 thousand acres by the end of 2012. The project is supposed to be implanted on 2 phases, to include buildings, villas and commercial units.
He added that the timeline of the venture’s phases is being stipulated. During the first phase the company will present lands to the real estate investors, on area of 15 to 25 acres per plot.
