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Cairo Electric Railways and Heliopolis Oases Company
From Wikipedia, the free encyclopedia
The Cairo Electric Railways & Heliopolis Oases Company شركة سكك حديد واحة عين شمس is a company formed in Cairo in 1906 in a partnership between a consortium of Belgian developers led by Édouard Empain and Boghos Nubar Pasha, son of one-time Egyptian prime minister Nubar Nubarian. Though a railway company by name, the company played just as great a role as a property development company once the company acquired a very large area (25 square kilometers) northeast of Cairo, where the ancient city of Heliopolis once stood and where Cairo International Airport is today.
On that land the company built, in effect, a new city called the Heliopolis Oasis with rail and tramway links to the centre of Cairo. Not only did the company build a great number of houses and apartments, but also the Heliopolis Palace Hotel, restaurants, shops, churches, mosques, and hospitals. Upon completion some parts of the project such as the hotel were sold off as a separate company.
- An article from the Egyptian Mail on the founding of the company.
- The Current Site of the Company Heliopolis Company for Housing and Develeopment
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