Egypt's leading real estate developer SODIC reported a net profit after tax of EGP 429 mn, up by 38% y-o-y for the full year ending on December 2016 compared to a year earlier, according to a report sent to Invest-Ga ...
SODIC corrected rumors concerning delaying the submission of the general plan for project development with Heliopolis Company for Housing & Development (HELI) to September, stating that they only pushed the deadline ...
Heliopolis for Housing & Development (HHD) and SODIC agreed to postpone their partnership project aiming to develop 655 acres of lands until next September due to economic challenges following the float of the EGP, A ...
SODIC plans to compete for the development of 410 acres of land located in Sheikh Zayed, part of the second phase of projects offered by the New Urban Communities Authority (NUCA).
Amid increases in the prices of construction inputs due to the flotation of the pound, various real estate developers have resorted to different measures in order to compensate the additional costs, with increases in ...
Sixth of October Development and Investment Company (Sodic) has recorded EGP 108 mn in net profit, marking a 38% year-on-year increase in the third quarter of 2016, according to an earnings release from the company o ...
Sodic projects that it will deliver 900 residential units by the end of the year, and that property prices will increase by 15%, but that this will not impact stable demand on real estate in the market.
Sixth of October Development & Investment Company (SODIC), an Egypt-based real estate developer, recorded a net profit of EGP 97 million for the second quarter of 2016.