Company Brief
Heliopolis co. for Housing & Development subsidiary of the Holding Company for Construction and Development of the Ministry of Public Business Sector
Heliopolis Company for Housing and Development is one of the most distinguished and oldest real estate development companies in Egypt. Established in 1906 by Baron Empain, who had an ambitious vision to develop the Heliopolis area and transform it into a modern, integrated suburb, the company has played a pivotal role in developing numerous residential and commercial projects. It has contributed to improving the city's infrastructure and providing a high-quality residential environment over the decades.
The company has successfully created integrated residential communities characterized by well-planned layouts and modern amenities, making it a symbol of quality and excellence in real estate development. The company's projects are known for their unique architectural design and extensive green spaces, reflecting its vision of providing a comfortable and sustainable living environment for its residents.
Its purpose includes carrying out all activities related to housing and development projects, land preparing and subdivision , provision of utilities and services, as well as organizing, planning, and selling lands owned or managed on behalf of others. The company also engages in project design and supervision whether local or involving Arab and foreign capital, In addition, it focuses on developing special-purpose buildings such as hotels, hospitals, and tourism facilities.
In recent periods, the company has taken several strategic steps to enhance its land portfolio and expand its project scope. For instance:
- In October 2024, the company's Board of Directors approved the purchase of a 52,000 square meter land plot in New Mansoura City.
- In November 2024, the company decided to purchase a 766-feddan land plot in Capital Gardens City.
These steps are part of the company’s broader strategy to diversify its investments and seize promising development opportunities in Egypt’s expanding urban landscape.
About New Heliopolis City:
New Heliopolis City is one of the newly developed urban areas in Cairo, established by a presidential decree and under the development of Heliopolis Company for Housing and Development. The city spans an area of approximately 5,406 acres.
New Heliopolis City is one of Egypt’s new urban developments located on the eastern side of Cairo, between the Cairo-Ismailia and Cairo-Suez roads. This strategic positioning has made it a vital link between Badr City and Shorouk City. Its unique location makes it one of the closest new cities to central Cairo, due to its proximity to the Regional Ring Road and its connection to the new metro line.
The company aims to expand both residential and commercial zones in the area. The city is designed according to modern standards and includes advanced infrastructure to meet the needs of residents and businesses. It features a well-developed network of roads and public facilities, including schools, hospitals, and commercial centers. New Heliopolis is distinguished by its green spaces, offering a comfortable and healthy living environment.
The city presents multiple investment opportunities across various real estate and commercial sectors. It is considered a significant addition to Egypt’s urban development projects, offering a modern and attractive environment for investors.
Strategic Partnerships:
Heliopolis Company for Housing and Development has entered into several strategic partnerships with leading real estate development companies to build integrated residential and commercial projects.
Partnership with Madinet Masr:
In July 2024, the company signed an agreement with Madinet Masr to develop a 491-feddan plot in New Heliopolis City. The project aims to offer a variety of residential units including luxury apartments, standalone villas, and townhouses, as well as commercial developments. The estimated revenues of the project are around EGP 194.67 billion over 12 years, with Madinet Masr’s share at 63.5%.
Partnership with Middle East for Development and Real Estate & Tourism Investment:
In April 2024, Heliopolis Company signed a development contract with the Middle East for Development and Real Estate & Tourism Investment to develop 894 feddans in New Heliopolis City. The contract includes a guaranteed minimum return of EGP 23.806 billion, a down payment of EGP 155.25 million, and a letter of guarantee valued at EGP 134.55 million.
Through these partnerships, Heliopolis Company for Housing and Development seeks to enhance its project portfolio and meet the growing demand in the real estate market, with a strong focus on establishing integrated and sustainable communities.