SODIC denies delaying submitting plan to develop project with Heliopolis Housing to September, launch on track

SODIC says it only delayed submitting the general plan for developing 655 feddans with Heliopolis Housing by 10 weeks to March 2017, according to a bourse statement. There were rumors, denied by SODIC, that the company was looking to delay submitting the development plan until September. SODIC adds the extension will have no effect on the launch date for the project, slated for 2H2017, and adds that there is no effect on the contractual agreement with Heliopolis Housing.