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SODIC targets EGP 7.2bn net contracts in 2019

Monday 18 February 2019 09:56 PM


Bodour Ibrahim

The Sixth of October Development and Investment Company (SODIC) announced that it intends to achieve net contracts worth 7.2 billion pounds in 2019.

SODIC expects that its projects in West Cairo will contribute significantly to its contracts during the current year, especially in view of the positive developments in the land of Al Yusr, which will speed up as well as the addition of a new 500 acre land plot  to its projects portfolio in West Cairo in 2019.

The company is likely to receive 1151 units in 10 projects worth 5.1 billion pounds, reflecting the strong growth in the company's revenues, supported by targeted delivery operations in Villette project.

The objectives set by SODIC for the current year confirm its confidence in the Egyptian real estate market and the credibility of the company, which is achieving excellence in this growing market.