SODIC Launches Sky Condos Phase II in New Cairo

The Villette project offers villas, townhouses and apartments. It spans an area of 300 acres

SODIC, CIB Ink EGP 270 mn Credit Facility Agreement

Egyptian-based Sixth of October for Development and Investment Company (SODIC) announces a new credit facility agreement with Commercial International Bank (CIB)

SODIC, AAIB Sign Contract to Increase Credit Facility

Cairo-based real estate developer Sixth of October Development and Investment Company (SODIC) signs a new contract with Arab African International Bank (AAIB) to increase its credit facility amount, Invest-Gate reports.

Sodic H1 Revenue Jumps 88% to USD 66 mn

Egyptian real estate developer Sodic posts a revenue of EGP 1.17 bn (USD 65.9 mn) during the first half of the fiscal year 2017/2018, reflecting a year-on-year (y-o-y) increase of 88%, Invest-Gate reports .

SODIC to Launch New Heliopolis Phase I end 2017

Egypt’s property developer, SODIC, announces construction work to begin in its latest flagship New Heliopolis in New Cairo end 2017, Reuters reports

SODIC Seeks to Buy Land Plots in North, West Cairo

Egypt-based real estate company Sixth of October Development and Investment Company (SODIC) plans to buy new land plots worth EGP 600 mn in north and west Cairo, Invest-Gate reports.

SODIC’s Net Profit Rises 287.8 % y-o-y

Sixth of October for Development and Investment’s (SODIC) consolidated net profit for the first quarter of 2017 rises by 287.8% to EGP 211.9 mn, versus EGP 54.6 mn for the same period a year earlier, Invest-Gate repo ...

SODIC Closes Q1FY2017 With EGP 1.2 bn Net Contracted Sales

Egypt’s real estate developer SODIC closes Q1FY2017 with contracted sales bookings worth EGP 1.2 bn, demonstrating 64% growth, Invest-Gate reports.   

SODIC Signs 1.3 bn Deal with AAIB to Finance SODIC West Project

Egypt’s real estate developer SODIC announces that it has signed a medium term facility package worth EGP 1.3 bn with the Arab African International Bank to expedite construction works at its mixed-use development in ...

SODIC: Property Sector Employs 14% of Egypt’s Manpower

Major real estate developers say that the country’s property sector employs 14% of the country’s manpower and accounts for 15% of the gross domestic product along with the contracting sector, Invest-Gate reports.

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