Misr Al-Gadida For Housing & Development has been specialized in master-planned communities in Egypt since its inception in 1906. Its footprint projects include Heliopolis, New Heliopolis, Heliopark, Al-Obour City, Maryland Park, and Granada City. It pursues investors to operate the 11,112 square meter historic city of Granada in Cairo's Heliopolis suburb. The Holding Company for Construction & Development owns a 72.25% stake in the company, making it the largest shareholder.