Heliopolis Housing says presidential decree ends dispute on Shorouk plot

Real estate developer Heliopolis Housing said that a dispute over the payment it owes for its 22.71 sq-km plot in Shorouk has been resolved by a presidential decree ruling that the company should only pay the value of 0.71 sq-km to the New Urban Communities Authority, the company said in a bourse filing (pdf). The company was given the plot as compensation for another piece of land it owned, which became part of a project to develop Cairo Airport.