SODIC’s Home Sales Hold Strong in H1 Despite Pandemic

Sixth of October for Development and Investment Company's (SODIC) gross contracted sales of residential units stood at EGP 1.83 bn in H1 2020, almost flat compared to EGP 1.86 bn in the year-ago period.

Hassan Allam Raises Stake in SODIC to 3.9%

Egypt's real estate developer Hassan Allam Properties (HAP) has upped its stake in the Sixth of October for Development and Investment Company (SODIC) to 3.9% from 2.22%.

HHD Extends Deadline to Co-Develop New Heliopolis Land

Heliopolis Company for Housing and Development (HHD) has granted an 11-month extension to the deadline for developing a 655-acre plot in east Cairo's New Heliopolis, under a 2016 contract with Egypt's Sixth of Oct ...

SODIC Uncovers Pre-Launch of Solar-Powered Phase II in VYE

Sixth of October for Development and Investment Company (SODIC) has unveiled the pre-launch of phase II of its latest New Zayed project, or "VYE," introducing a limited range of solar-powered homes.

Savills to Manage, Market West Cairo’s Ivory Business Park

International real estate consultancy firm Savills has been appointed to offer property management and agency services for west Cairo's Ivory Business Park (IBP), which is set to launch mid-2021.

SODIC Awards Over EGP 1.2 bn Tenders for SODIC East in 2 Yrs

Sixth of October Development and Investment (SODIC) has awarded more than EGP 1.2 bn worth of construction tenders to develop its SODIC East project over the last two years.

1st Villa Launch at SODIC’s VYE Sells Out in 48 Hrs

Sixth of October for Development and Investment Company (SODIC) said the first batch of standalone villas in west Cairo's VYE project has been sold out, raising EGP 250 mn in sales within 48 hours only.

SODIC Sees 25% Rise in Home Sales Albeit Fewer Releases

Sixth of October Development and Investment Company (SODIC) logged a 25% uptick in residential contractual sales in Q1 2020, registering EGP 842 mn versus EGP 672 mn in the year-ago period, driven mainly by its we ...

SODIC Equips 3 Hospitals to Scale Up Coronavirus Readiness

In cooperation with Egypt's Ministry of Health, Sixth of October Development and Investment Company (SODIC) has equipped three public hospitals nationwide, in an attempt to make more room for COVID-19 patients.

SODIC Redirects Marketing Resources Towards COVID-19 Awareness

Sixth of October Development & Investment Company (SODIC) announced its multi-tiered approach in a bid to combat the outbreak of coronavirus (COVID-19)

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