Egypt’s HHD plans to auction 190-feddan in Heliopolis as part of sell off plan

Heliopolis Housing and Development (HHD) is planning to auction another land plot in Heliopolis as part of its plans to sell off a total of 190 feddans to finance debt repayment and investment, HHD’s Sahar Al Damati said, according to the local press. The company is also selling 32 plots in Sheraton through direct order agreements, and offloaded a separate 1,980-feddan piece of land last week for EGP 99.3 mn. HHD is among the lineup of state-owned companies planning to sell additional stakes on the EGX as part of the state privatization program.