Home Real Estate SODIC targets 15.2 bln pounds contractual sales for new flagship

SODIC targets 15.2 bln pounds contractual sales for new flagship

by Yomna Yasser

Egypt’s property developer firm SODIC said Sunday it expects to sign contracts of 15.2 billion Egyptian pounds ($863 million), through executing its residential and touristic project in North Coast within a seven-year timeframe.

The new project will be established on two land plots; the first land plot’s space reaches 11 feddans, while the space of the second land plot hits 197 feddans.

In October 2017, SODIC signed a memorandum of understanding (MoU) to attain a new land plot over 300 faddans in North Coast resort.

The company achieved profits worth 598.62 million pounds during the financial year 2016/2017 up from 441.33 million pounds during 2016.

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