Upscale real estate developer SODIC has launched the first phase of apartment buildings in its flagship SODIC East development, an East Cairo equivalent of SODIC West on the Cairo-Alexandria desert road, the company said yesterday (pdf). The phase includes low-rise, five-story apartment buildings around a 4k sqm green park. The company said last week it had awarded construction contracts worth EGP 300 mn for the project, on which it broke ground last year. SODIC expects to begin delivering units in SODIC East, its largest development in east Cairo, as of November 2021. The master plan for the 655-acre development was designed by Massachusetts-based firm Sasaki.
More from Enterprise
Banque du Caire’s blockbuster IPO holds firm against EGX selloff
The IFC and the EBRD are in for USD 100…
Electricity Ministry studies changing how your electricity bill gets calculated
The plan is still under study, and neither of the…
EGX30 sheds 4.43% in October to post its first back-to-back monthly loss of 2026
The benchmark fell 4.43% and the small caps twice as…
DPI closes Egypt-born fintech fund Nclude at USD 112 mn
The final close adds roughly USD 7 mn to a…