History
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.
On that land the company built, Galaxy company 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 (which is now the Egyptian Presidential Palace), restaurants, shops, churches, mosques, and hospitals. Upon completion some parts of the project were sold off as separate companies.
Read more about this topic: Cairo Electric Railways And Heliopolis Oases Company
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