Sixth of October Development & Investment Company “SODIC” releases its operational results for  2020, with gross contracted sales rose 2% YoY to reach a new record of EGP 7.4 bn, Invest-Gate reports. The new record includes 1,361 units sold with residential sales growing 19% YoY, with a value of EGP 7.2 bn in 2020. Non-residential sales accounted for 3% of SODIC’s gross contracted sales in 2020 versus 17% in 2019, according to a recent company press release.

neurontin and methadone “The company’s proven track record, strong financials, and disciplined approach have allowed us to overcome this difficult year. We are very pleased to deliver a strong set of results, which comes as a testament to SODIC’s credibility and leadership in the market,”  Magued Sherif CEO of SODIC Comments.

Moreover, SODIC’s strong legacy in West Cairo drove solid sales in its next-generation projects namely The Estates, VYE, and the most recently launched Karmell, with West Cairo accounting for 61% of gross contracted sales in 2020. East Cairo projects contributed 39% of the year’s gross contracted sales, mainly driven by Villette and SODIC East, the statement reveals.