{"id":600914,"date":"2019-02-13T04:17:43","date_gmt":"2019-02-13T04:17:43","guid":{"rendered":"https:\/\/enterpriseam.com\/egypt\/2019\/02\/13\/sodics-land-has-no-real-exposure-to-presidential-decree\/"},"modified":"2019-02-13T04:17:43","modified_gmt":"2019-02-13T04:17:43","slug":"sodics-land-has-no-real-exposure-to-presidential-decree","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/egypt\/2019\/02\/13\/sodics-land-has-no-real-exposure-to-presidential-decree\/","title":{"rendered":"SODIC\u2019s land has no real exposure to presidential decree"},"content":{"rendered":"<p>Real estate developer SODIC\u2019s total land bank currently sits at 15.9 mn sqm, the company said, <a href=\"https:\/\/www.almalnews.com\/Story\/410799\/11\/%D8%B3%D9%88%D8%AF%D9%8A%D9%83-%D9%86%D8%AA%D9%85%D9%84%D9%83-9-7-%D9%85%D9%84%D9%8A%D9%88%D9%86-%D9%85%D8%AA%D8%B1-%D8%A3%D8%B1%D8%A7%D8%B6-%D9%88%D9%84%D9%86-%D9%86%D8%AA%D8%A3%D8%AB%D8%B1-%D8%A8%D8%A7%D9%84%D9%82%D8%B1%D8%A7%D8%B1%D8%A7%D8%AA-%D8%A7%D9%84\">according to Al Mal<\/a>. The total land under SODIC\u2019s belt includes 6.2 mn sqm of coastal or highway-neighboring land, but the company noted that a recent presidential decree regulating such plots has had no effect on its holdings.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Real estate developer SODIC\u2019s total land bank currently sits at 15.9 mn sqm, the company said, according to Al Mal. The total land under SODIC\u2019s belt includes 6.2 mn sqm of coastal or highway-neighboring land, but the company noted that a recent presidential decree regulating such plots has had no effect on its holdings.<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"open","sticky":false,"template":"single-feature.php","format":"standard","meta":{"_acf_changed":false,"newspack_ads_suppress_ads":false,"newspack_popups_has_disabled_popups":false,"newspack_sponsor_sponsorship_scope":"","newspack_sponsor_native_byline_display":"inherit","newspack_sponsor_native_category_display":"inherit","newspack_sponsor_underwriter_style":"inherit","newspack_sponsor_underwriter_placement":"inherit","ep_exclude_from_search":false,"_primary_brand":0,"newspack_featured_image_position":"","newspack_post_subtitle":"","newspack_article_summary_title":"Overview:","newspack_article_summary":"","newspack_hide_updated_date":false,"newspack_show_updated_date":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[9304],"tags":[72,83,2402,312],"brand":[],"newspack_spnsrs_tax":[],"class_list":["post-600914","post","type-post","status-publish","format-standard","hentry","category-real-estate-housing","tag-enterpriseam","tag-real-estate","tag-real-estate-housing","tag-sodic","wpautop","entry"],"acf":{"mongo_id":"9c34f02b-d9d1-4e93-b9ff-9da9d301834e","is_powered_by":true,"story_type":"1","photo_url":"","photo_position":"above","related_issue":[600886],"teaser":"","voice_url":""},"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v27.1 (Yoast SEO v27.1.1) - https:\/\/yoast.com\/product\/yoast-seo-premium-wordpress\/ -->\n<title>SODIC\u2019s land has no real exposure to presidential decree - EnterpriseAM Egypt<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/enterpriseam.com\/egypt\/2019\/02\/13\/sodics-land-has-no-real-exposure-to-presidential-decree\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"SODIC\u2019s land has no real exposure to presidential decree\" \/>\n<meta property=\"og:description\" content=\"Real estate developer SODIC\u2019s total land bank currently sits at 15.9 mn sqm, the company said, according to Al Mal. The total land under SODIC\u2019s belt includes 6.2 mn sqm of coastal or highway-neighboring land, but the company noted that a recent presidential decree regulating such plots has had no effect on its holdings.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/enterpriseam.com\/egypt\/2019\/02\/13\/sodics-land-has-no-real-exposure-to-presidential-decree\/\" \/>\n<meta property=\"og:site_name\" content=\"EnterpriseAM Egypt\" \/>\n<meta property=\"article:published_time\" content=\"2019-02-13T04:17:43+00:00\" \/>\n<meta name=\"author\" content=\"enterpriseam admin\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"enterpriseam admin\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2019\/02\/13\/sodics-land-has-no-real-exposure-to-presidential-decree\/#article\",\"isPartOf\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2019\/02\/13\/sodics-land-has-no-real-exposure-to-presidential-decree\/\"},\"author\":{\"name\":\"enterpriseam admin\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#\/schema\/person\/ca597032db7e4db868359c123cec256d\"},\"headline\":\"SODIC\u2019s land has no real exposure to presidential decree\",\"datePublished\":\"2019-02-13T04:17:43+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2019\/02\/13\/sodics-land-has-no-real-exposure-to-presidential-decree\/\"},\"wordCount\":64,\"publisher\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#organization\"},\"keywords\":[\"EnterpriseAM\",\"real estate\",\"Real Estate + Housing\",\"SODIC\"],\"articleSection\":[\"Real Estate + Housing\"],\"inLanguage\":\"en-US\"},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2019\/02\/13\/sodics-land-has-no-real-exposure-to-presidential-decree\/\",\"url\":\"https:\/\/enterpriseam.com\/egypt\/2019\/02\/13\/sodics-land-has-no-real-exposure-to-presidential-decree\/\",\"name\":\"SODIC\u2019s land has no real exposure to presidential decree - 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The new plot, which is\u2026","rel":"","context":"In &quot;Real estate&quot;","block_context":{"text":"Real estate","link":"https:\/\/enterpriseam.com\/egypt\/category\/industries\/real-estate\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/2021\/9\/51.jpg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":547774,"url":"https:\/\/enterpriseam.com\/egypt\/2022\/07\/06\/sodic-makes-a-play-for-mnhd\/","url_meta":{"origin":600914,"position":1},"title":"SODIC makes a play for MNHD","author":"enterpriseam admin","date":"6 July 2022","format":false,"excerpt":"SODIC is bidding to acquire Madinet Nasr Housing and Development (MNHD) as the real estate developer\u2019s new owners look to expand its footprint in the local market. The company said in a boursefiling (pdf) yesterday that it has submitted a non-binding offer to acquire up to 100% of the state-owned\u2026","rel":"","context":"In &quot;M&amp;A WATCH&quot;","block_context":{"text":"M&amp;A WATCH","link":"https:\/\/enterpriseam.com\/egypt\/category\/ma-watch\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/2022\/7\/134.jpg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":596505,"url":"https:\/\/enterpriseam.com\/egypt\/2019\/08\/29\/nuca-approves-sodics-master-plan-for-the-estates-project\/","url_meta":{"origin":600914,"position":2},"title":"NUCA approves SODIC\u2019s master plan for The Estates project","author":"enterpriseam admin","date":"29 August 2019","format":false,"excerpt":"The New Urban Communities Authority (NUCA) has approved SODIC subsidiary Al Yosr for Projects and Agricultural Development\u2019s master plan for The Estates, its planned new development in west Cairo, according to a statement (pdf). The 630k sqm development is expected to launch in 4Q2019, and will include 500 upscale homes.","rel":"","context":"In &quot;Real Estate + Housing&quot;","block_context":{"text":"Real Estate + Housing","link":"https:\/\/enterpriseam.com\/egypt\/category\/real-estate-housing\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/internal\/536550.png?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]},{"id":630122,"url":"https:\/\/enterpriseam.com\/egypt\/2018\/04\/12\/sodic-mnhd-talks-to-begin-today-source\/","url_meta":{"origin":600914,"position":3},"title":"SODIC, MNHD talks to begin today -source","author":"enterpriseam admin","date":"12 April 2018","format":false,"excerpt":"SODIC\u2019s board welcomes overture from MNHD; common shareholders could fast-track an agreement: Upmarket real estate developer SODIC said yesterday (pdf) that it welcomes discussions with Madinet Nasr Housing and Development about \u201cpotential strategic alternatives for the two entities by way of merger or acquisition\u201d and specifically noted the \u201cpotential synergies\u2026","rel":"","context":"In &quot;Speed Round&quot;","block_context":{"text":"Speed Round","link":"https:\/\/enterpriseam.com\/egypt\/category\/speed-round\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/internal\/536550.png?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]},{"id":584606,"url":"https:\/\/enterpriseam.com\/egypt\/2023\/04\/03\/does-aldar-want-in-on-heliopolis-housings-heliopark-project\/","url_meta":{"origin":600914,"position":4},"title":"Does Aldar want in on Heliopolis Housing\u2019s Heliopark project?","author":"enterpriseam admin","date":"3 April 2023","format":false,"excerpt":"Aldar is reportedly shopping around after SODIC\u2019s play for ORE fell through","rel":"","context":"In &quot;Real estate&quot;","block_context":{"text":"Real estate","link":"https:\/\/enterpriseam.com\/egypt\/category\/industries\/real-estate\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/2023\/4\/86.jpg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":590651,"url":"https:\/\/enterpriseam.com\/egypt\/2019\/12\/30\/sodics-soreal-signs-egp-1-bn-facility-with-cib-to-finance-its-ednc-project\/","url_meta":{"origin":600914,"position":5},"title":"Sodic\u2019s Soreal signs EGP 1 bn facility with CIB to finance its EDNC project","author":"enterpriseam admin","date":"30 December 2019","format":false,"excerpt":"DEBT WATCH- Sodic subsidiary signs EGP 1 bn medium term facility with CIB: Sodic subsidiary Soreal for Real Estate Development signed a EGP 1 bn medium term facility with CIB to partially finance Sodic\u2019s first non-residential offering in East Cairo EDNC,the company said in a press release (pdf). 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