Sodic, one of the leading real estate groups in Egypt, has registered a sharp decline in its net profit for the first quarter which fell to E£55 million ($6.1 million) from last year's E£79.3 million ($8.86 million).
Sodic, one of the region’s leading real estate groups, has signed a deal with Heliopolis Housing to jointly develop a major mixed-use project on 655 acres of land in New Heliopolis area of Egypt.
Strategically located in Eas
Egyptian property developer Sixth of October Development & Investment Company (Sodic) said it will join hands with real estate group Heliopolis Housing to develop an integrated project over 655 acres in East Cairo.
Egyptian real estate developer Sodic has signed sales contracts worth EGP3.6 billion ($460 million) in the first nine months of 2015, its managing director said on Monday.
Sodic, or Sixth of October Development and Investment Comp
Leading Egyptian developer Sodic has secured more than 31 feddans (130,200 sq m) of prime residential land in a tender at the 6th of October City in urban Cairo, said a report.
The prime piece of land in Giza Governorate, a satell
Sodic, one of Egypt's largest listed real estate developers, says the state must find new ways to allocate land at lower prices if it wants the private sector to help meet the massive demand for housing.
Government property sc
Egypt's third-largest listed property developer Sodic has reported a first-quarter net profit of E£79.31 million ($10.39 million), nearly double the E£40.33 million ($5.26 million) it earned in the same period last year.
Sodic, one of the region’s leading real estate development companies, has signed an agreement with Tabrouk Developments to acquire a prime land on Egypt’s Mediterranean coast.
The acquisition provides Sodic, otherwise
Sodic, the third-largest listed property developer in Egypt, said it made a net profit of E£154.3 million ($20.2 million) in 2014 after a loss of E£477.1 million ($62.3 million) the previous year.
Sodic, also known as
Sodic, one of Egypt's largest listed real estate developers, is set to award contracts worth around E£4.1 billion ($535 million) in 2015, said a report.
The company also plans to invest E£2.3 billion ($300 million)