SODIC Awaits Decision To Settle New Cairo Land Dispute

Ashraf Farid, Executive Director of Operations at Six of October Development & Investment Co. (SODIC), said that his company has received a letter from the Ministry of Investment as regards the decision of New Urban Communities Authority (NUCA) to withdraw New Cairo land.

SODIC is waiting for reshuffling the Dispute Resolution Committee at General Authority for Investment (GAFI).

Farid confirmed that the decisions of the Dispute Resolution Committee are binding on NUCA. He said that SODIC failed to develop the land because NUCA delivered it without completing the relevant utilities.

Mubasher