{"id":649684,"date":"2017-03-06T04:57:56","date_gmt":"2017-03-06T04:57:56","guid":{"rendered":"https:\/\/enterpriseam.com\/egypt\/2017\/03\/06\/egp-float-runs-up-costs-of-new-heliopolis-development\/"},"modified":"2017-03-06T04:57:56","modified_gmt":"2017-03-06T04:57:56","slug":"egp-float-runs-up-costs-of-new-heliopolis-development","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/egypt\/2017\/03\/06\/egp-float-runs-up-costs-of-new-heliopolis-development\/","title":{"rendered":"EGP float runs up costs of New Heliopolis development"},"content":{"rendered":"

The EGP float has raised the costs of developing the 655-acre New Heliopolis project 20% to EGP 35 bn, up from an initial estimate of EGP 30 bn before November, said Hany Al Deeb, CEO of Heliopolis Housing and Development company (HHD), which is co-developing the project with SODIC. Al Deeb tells Daily News Egypt<\/a> that the float had negatively impacted the company overall, with surging prices of raw materials such as steel and cement. HHD holds a 30% stake in the New Heliopolis development, with SODIC carrying a 70% stake.<\/p>\n","protected":false},"excerpt":{"rendered":"

The EGP float has raised the costs of developing the 655-acre New Heliopolis project 20% to EGP 35 bn, up from an initial estimate of EGP 30 bn before November, said Hany Al Deeb, CEO of Heliopolis Housing and Development company (HHD), which is co-developing the project with SODIC. Al Deeb tells Daily News Egypt […]<\/p>\n","protected":false},"author":1,"featured_media":0,"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":[9304],"tags":[72,2402],"brand":[],"newspack_spnsrs_tax":[],"class_list":["post-649684","post","type-post","status-publish","format-standard","hentry","category-real-estate-housing","tag-enterpriseam","tag-real-estate-housing","wpautop","entry"],"acf":{"mongo_id":"34ac2868-eea4-4d28-b8fc-7e382915a8a8","order":"0","is_powered_by":true,"story_type":"1","photo_url":"","photo_position":"above","related_issue":[649650],"teaser":"","voice_url":""},"yoast_head":"\nEGP float runs up costs of New Heliopolis development - EnterpriseAM Egypt<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/enterpriseam.com\/egypt\/2017\/03\/06\/egp-float-runs-up-costs-of-new-heliopolis-development\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"EGP float runs up costs of New Heliopolis development\" \/>\n<meta property=\"og:description\" content=\"The EGP float has raised the costs of developing the 655-acre New Heliopolis project 20% to EGP 35 bn, up from an initial estimate of EGP 30 bn before November, said Hany Al Deeb, CEO of Heliopolis Housing and Development company (HHD), which is co-developing the project with SODIC. Al Deeb tells Daily News Egypt […]\" \/>\n<meta property=\"og:url\" content=\"https:\/\/enterpriseam.com\/egypt\/2017\/03\/06\/egp-float-runs-up-costs-of-new-heliopolis-development\/\" \/>\n<meta property=\"og:site_name\" content=\"EnterpriseAM Egypt\" \/>\n<meta property=\"article:published_time\" content=\"2017-03-06T04:57:56+00:00\" \/>\n<meta name=\"author\" content=\"enterpriseam admin\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"enterpriseam admin\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2017\/03\/06\/egp-float-runs-up-costs-of-new-heliopolis-development\/#article\",\"isPartOf\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2017\/03\/06\/egp-float-runs-up-costs-of-new-heliopolis-development\/\"},\"author\":{\"name\":\"enterpriseam admin\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#\/schema\/person\/ca597032db7e4db868359c123cec256d\"},\"headline\":\"EGP float runs up costs of New Heliopolis development\",\"datePublished\":\"2017-03-06T04:57:56+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2017\/03\/06\/egp-float-runs-up-costs-of-new-heliopolis-development\/\"},\"wordCount\":95,\"publisher\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#organization\"},\"keywords\":[\"EnterpriseAM\",\"Real Estate + Housing\"],\"articleSection\":[\"Real Estate + Housing\"],\"inLanguage\":\"en-US\"},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2017\/03\/06\/egp-float-runs-up-costs-of-new-heliopolis-development\/\",\"url\":\"https:\/\/enterpriseam.com\/egypt\/2017\/03\/06\/egp-float-runs-up-costs-of-new-heliopolis-development\/\",\"name\":\"EGP float runs up costs of New Heliopolis development - 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The project, which will feature residential buildings and a shopping mall, will be built in three phases, the source added.","rel":"","context":"In "Real Estate + Housing"","block_context":{"text":"Real Estate + Housing","link":"https:\/\/enterpriseam.com\/egypt\/category\/real-estate-housing\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/internal\/536550.png?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]},{"id":593413,"url":"https:\/\/enterpriseam.com\/egypt\/2019\/11\/27\/heliopolis-housing-to-sell-22-25-stake-in-1q2020-tawfik-says\/","url_meta":{"origin":649684,"position":3},"title":"Heliopolis Housing to sell 22-25% stake in 1Q2020, Tawfik says","author":"enterpriseam admin","date":"27 November 2019","format":false,"excerpt":"PRIVATIZATION WATCH- HHD to sell 22-25% stake in 1Q2020, Tawfik says: State-owned Heliopolis Housing and Development (HHD) will offer a 22-25% stake in a secondary offering scheduled to go to market in 1Q2020, Public Enterprises Minister Hisham Tawfik said, according to Reuters. This means that 12-15% of the company will\u2026","rel":"","context":"In "Speed Round"","block_context":{"text":"Speed Round","link":"https:\/\/enterpriseam.com\/egypt\/category\/speed-round\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/2020\/1\/687.jpg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":588254,"url":"https:\/\/enterpriseam.com\/egypt\/2023\/06\/08\/a-saudi-suitor-for-heliopolis-housing\/","url_meta":{"origin":649684,"position":4},"title":"A Saudi suitor for Heliopolis Housing?","author":"enterpriseam admin","date":"8 June 2023","format":false,"excerpt":"A Saudi takeover in the cards for Heliopolis Housing? Heliopolis Housing and Development (HHD) has denied reports in the local media that Saudi real estate developer Alameriah is offering to buy a 70% stake in the company for USD 400 mn, Asharq Business reports. HHD said it hadn\u2019t received any\u2026","rel":"","context":"In "Real estate"","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\/6\/401.jpg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":568978,"url":"https:\/\/enterpriseam.com\/egypt\/2020\/02\/10\/no-official-bids-yet-for-for-10-stake-in-hhd-management\/","url_meta":{"origin":649684,"position":5},"title":"No official bids yet for for 10% stake in HHD + management","author":"enterpriseam admin","date":"10 February 2020","format":false,"excerpt":"PRIVATIZATION WATCH- No official bids yet for for 10% stake in HHD + management: Heliopolis Housing and Development (HHD) is yet to receive any formal offers from investors interested in acquiring a 10% stake with management rights to the company, HHD Chairman Hany El Deeb said, according to the local\u2026","rel":"","context":"In "Speed Round"","block_context":{"text":"Speed Round","link":"https:\/\/enterpriseam.com\/egypt\/category\/speed-round\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/2020\/2\/127.jpg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]}],"_links":{"self":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/posts\/649684","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/comments?post=649684"}],"version-history":[{"count":0,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/posts\/649684\/revisions"}],"acf:post":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/issue\/649650"}],"wp:attachment":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/media?parent=649684"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/categories?post=649684"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/tags?post=649684"},{"taxonomy":"brand","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/brand?post=649684"},{"taxonomy":"newspack_spnsrs_tax","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/newspack_spnsrs_tax?post=649684"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}