Cairo – Mubasher: Heliopolis Company for Housing and Development said it sealed a contract worth EGP 79 million with Armed Forces Project Management department.

Earlier, the company’s general meeting approved the investment plan for FY15/16, with investments worth EGP 550 million.

Heliopolis Housing targets net profits of EGP 300.14 million according to its estimated budget for FY16/17, compared with EGP 204.76 million a year earlier.