23 May 2021

HELI (Heliopolis Co. for Housing & Development) has decided to extend the bidding deadline for the development of Heliopark until 29 June 2021, which was previously set for 16 June 2021. This extension was granted based on requests from interested companies. The bidding process officially began on 4 April 2021 for the 1,695 feddan plot of land, which will be jointly developed by HELI and the winning bidder.

According to HELI’s Managing Director, 10 companies have already purchased the project’s specifications book, with a number of other domestic and international companies expressing their interest in the project. (Source: Arab Finance, Arqam)