Upmarket real estate developer SODIC aims to invest EGP 3.7 bn in construction projects in 2019, up from EGP 2.4 bn last year, CEO Magued Sherif said on the sidelines of the Cityscape conference that took place last week. Sherif said he sees unit prices going up 10-15% this year, and noted the company is studying expanding in the Delta region and Upper Egypt. In a statement last month, SODIC said it aims to invest about EGP 5.17 bn and lock down EGP 7.20 bn in customer contracts.

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