{"id":581717,"date":"2023-02-20T00:00:00","date_gmt":"2023-02-20T00:00:00","guid":{"rendered":"https:\/\/enterpriseam.com\/egypt\/2023\/02\/20\/hhd-shareholders-vote-to-scrap-heliopark-tender\/"},"modified":"2023-02-20T00:00:00","modified_gmt":"2023-02-20T00:00:00","slug":"hhd-shareholders-vote-to-scrap-heliopark-tender","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/egypt\/2023\/02\/20\/hhd-shareholders-vote-to-scrap-heliopark-tender\/","title":{"rendered":"HHD shareholders vote to scrap Heliopark tender"},"content":{"rendered":"<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span style=\"\"><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span style=\"font-weight:700;\">REAL ESTATE-<\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span style=\"\"> <\/span><span style=\"font-weight:700\">Heliopolis Housing shareholders approve scrapping Heliopark tender: <\/span><span style=\"\">The <\/span><span>shareholders of state-owned Heliopolis Housing approved on Saturday the company\u2019s decision to scrap plans to co-develop its Heliopark project in New Cairo with Mountain View, according to a <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/ent.news\/2023\/2\/Heliopolis-Housing-Heliopark-Tender.pdf\" style=\"\">bourse filing (pdf).<\/a><\/span><span> The company\u2019s board chose Mountain View a year ago in a tender to find a partner to co-develop Heliopark, only to <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/enterprise.press\/stories\/2023\/01\/24\/heliopolis-housing-is-putting-its-heliopark-project-back-out-to-tender-94364\/\" style=\"\">call the agreement off in January<\/a><\/span><span style=\"font-weight:400;\">, citing the current economic conditions and rising land valuations.<\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span style=\"font-weight:700\">REMEMBER- <\/span><span>The parent company of Heliopolis Housing is reportedly in talks with <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/enterprise.press\/stories\/2023\/01\/17\/hccd-reportedly-in-talks-to-sell-land-to-gulf-investors-93738\/\" style=\"\">Gulf investors<\/a><\/span><span> who are interested in investing in Heliopark.<\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span style=\"font-weight:700;\">FINTECH-<\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span style=\"font-weight:700\">e-Finance subsidiary e-Khales will offer digital payment solutions to <\/span><span style=\"font-weight:700\">Contact <\/span><span style=\"font-weight:700\">Financial Holding<\/span><span> under an agreement between the two firms, according to an <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/ent.news\/2023\/2\/eKhales-and-Contact-Partnership-19-2-2023-EN.pdf\" style=\"\">EGX<\/a><\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/ent.news\/2023\/2\/eKhales-and-Contact-Partnership-19-2-2023-EN.pdf\" style=\"\">disclosure<\/a><\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/ent.news\/2023\/2\/eKhales-and-Contact-Partnership-19-2-2023-EN.pdf\" style=\"\">(pdf)<\/a><\/span><span>.<\/span><span style=\"font-weight:400;\"> This will allow Contact customers to pay for household utilities, school fees, ins., club subscriptions and other bills in Contact branches and via its mobile app, which was launched last month, the statement reads.<\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span style=\"font-weight:700;\">ENERGY-<\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span style=\"font-weight:700\">Gov\u2019t sets solar plant licensing fees: <\/span><span style=\"\">Solar plants producing up to 500 KW will have <\/span><span style=\"\">to pay <\/span><span>EGP 7k to obtain a license, while licenses for facilities producing more than 500 KW will cost EGP 35k, according to a fresh set of <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/ent.news\/2023\/2\/PV-solar-power-regulations.pdf\" style=\"\">regulations<\/a><\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/ent.news\/2023\/2\/PV-solar-power-regulations.pdf\" style=\"\">(pdf)<\/a><\/span><span> recently approved by the Egyptian Electric Utility & Consumer Protection Regulatory Agency (Egyptera<\/span><span>)<\/span><span>. Projects generating less than 500 KW can also apply to Egyptera for an exemption from the licensing requirements.<\/span><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Parent company of Heliopolis Housing is in talks with Gulf investors who are interested in Heliopark<\/p>\n","protected":false},"author":1,"featured_media":581718,"comment_status":"closed","ping_status":"open","sticky":false,"template":"single-feature.php","format":"standard","meta":{"_acf_changed":false,"newspack_ads_suppress_ads":false,"newspack_popups_has_disabled_popups":false,"newspack_sponsor_sponsorship_scope":"","newspack_sponsor_native_byline_display":"inherit","newspack_sponsor_native_category_display":"inherit","newspack_sponsor_underwriter_style":"inherit","newspack_sponsor_underwriter_placement":"inherit","ep_exclude_from_search":false,"_primary_brand":0,"newspack_featured_image_position":"","newspack_post_subtitle":"","newspack_article_summary_title":"Overview:","newspack_article_summary":"","newspack_hide_updated_date":false,"newspack_show_updated_date":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[7209],"tags":[111,933,339,93,72,183,157,83,151],"brand":[],"newspack_spnsrs_tax":[],"class_list":["post-581717","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-also-on-our-radar","tag-also-on-our-radar","tag-contact-financial","tag-e-finance","tag-energy","tag-enterpriseam","tag-fintech","tag-heliopolis-housing-and-development","tag-real-estate","tag-renewables","wpautop","entry"],"acf":{"mongo_id":"4e87b35d-4713-4013-9caf-d8e646042878","is_powered_by":true,"story_type":"1","photo_url":"https:\/\/ent.news\/2023\/2\/egypt-hotel-1600px.jpg","photo_position":"below","homepage_title":"","full_issue_title":"","related_issue":[581693],"teaser":"Parent company of Heliopolis Housing is in talks with Gulf investors who are interested in Heliopark","voice_url":"https:\/\/s3.us-east-1.amazonaws.com\/ent.news\/audio\/2023\/2\/.14e7f146-0657-4481-a96d-5fed870773f4.mp3"},"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v27.1 (Yoast SEO v27.1.1) - 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The tender was originally set to expire on 16 June.Also: Companies with export-ready products\u2026","rel":"","context":"In &quot;Also on our Radar&quot;","block_context":{"text":"Also on our Radar","link":"https:\/\/enterpriseam.com\/egypt\/category\/also-on-our-radar\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/internal\/536550.png?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]},{"id":579080,"url":"https:\/\/enterpriseam.com\/egypt\/2023\/01\/24\/heliopolis-housing-is-putting-its-heliopark-project-back-out-to-tender\/","url_meta":{"origin":581717,"position":1},"title":"Heliopolis Housing is putting its Heliopark project back out to tender","author":"enterpriseam admin","date":"24 January 2023","format":false,"excerpt":"Mountain View is no longer on board to co-develop Heliopark: Heliopolis Housing has scrapped plans to co-develop its Heliopark project in New Cairo with Mountain View, saying in a statement that \u201ccurrent economic conditions and the remarkable rise in land valuations witnessed by the real estate market\u201d in recent months\u2026","rel":"","context":"In &quot;Real estate&quot;","block_context":{"text":"Real estate","link":"https:\/\/enterpriseam.com\/egypt\/category\/industries\/real-estate\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/2023\/1\/413.jpg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":590451,"url":"https:\/\/enterpriseam.com\/egypt\/2023\/07\/19\/heliopolis-housing-has-received-an-offer-for-its-heliopark-project\/","url_meta":{"origin":581717,"position":2},"title":"Heliopolis Housing has received an offer for its Heliopark project","author":"enterpriseam admin","date":"19 July 2023","format":false,"excerpt":"The state-owned developer has been on the hunt for a co-developer since ending ties with Mountain View in February","rel":"","context":"In &quot;Real estate&quot;","block_context":{"text":"Real 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