SODIC’s Consolidated Net Profit Jumps 27% YoY in 9 Months

Cancellations record 8% of contracted sales, aggravated by EGP 576 mn cancellations on SODIC’s 464-acre project in New Zayed due to the project’s temporary suspension.

SODIC Presents Non-Binding Acquisition Offer for Orascom Development’s Real Estate Unit

ORE is the owner of O West, which is a mega real estate development located on 4.2 sqm in West Cairo.

Orascom Development Receives Non-Binding Acquisition Offer for Real Estate Arm

The offer pends fulfillment of several conditions, including the completion of due diligence, ODE’s corporate approvals, in addition to all relevant regulatory approvals.

SODIC East Sees 1st Release of Apartment Buildings

Egypt-based Sixth of October Development and Investment Company (SODIC) has released the first phase of apartment buildings in its newest mixed-use development in east Cairo, or "SODIC East"

SODIC Eyes 10% Stake in Heliopolis Housing: CEO

Sixth of October Development and Investment Company (SODIC) eyes buying a 10% stake in state-run Heliopolis Company for Housing and Development (HHD), coming after the government had nodded passing the latter's ma ...

SODIC to Launch EGP 34 bn Projects in New Zayed

Sixth of October Development and Investment Company (SODIC) has revealed its future plans to launch four additional projects in New Zayed, west Cairo, pumping investments worth EGP 34 bn over ten years.

SODIC, NUCA to Build PPP Urban Project in Sheikh Zayed

Sixth of October Development and Investment Company (SODIC) has inked a partnership agreement with the New Urban Communities Authority (NUCA) to build a public-private partnership (PPP) urban project over 500 acre ...

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