{"id":602270,"date":"2019-03-24T03:32:16","date_gmt":"2019-03-24T03:32:16","guid":{"rendered":"https:\/\/enterpriseam.com\/egypt\/2019\/03\/24\/sodic-signs-purchase-agreement-for-500-acre-plot-in-egypts-sheikh-zayed\/"},"modified":"2019-03-24T03:32:16","modified_gmt":"2019-03-24T03:32:16","slug":"sodic-signs-purchase-agreement-for-500-acre-plot-in-egypts-sheikh-zayed","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/egypt\/2019\/03\/24\/sodic-signs-purchase-agreement-for-500-acre-plot-in-egypts-sheikh-zayed\/","title":{"rendered":"SODIC signs purchase agreement for 500-acre plot in Egypt\u2019s Sheikh Zayed"},"content":{"rendered":"

<\/a> SODIC lands 500-acre plot in Egypt\u2019s Sheikh Zayed:<\/b> SODIC signed on Thursday a EGP 15.3 bn purchase agreement with the New Urban Communities Authority (NUCA) for a 500-acre plot in Sheikh Zayed, the real estate developer said in a statement (pdf)<\/a><\/u>. SODIC is paying NUCA EGP 2,470 per sqm in installments over 11 years. Some EGP 8.8 bn of the sum is in fixed installments, in addition to 15% of the annual collections. The new plot, which is enough to develop as many as 5k residential units, brings SODIC\u2019s undeveloped land bank to 7 mn sqm, said SODIC boss Magued Sherif.<\/p>\n

NUCA also signed land purchase agreements <\/b>with Al Ahly for Real Estate Development and Arkan Palm, according to a Cabinet statement<\/a><\/u>. Under the agreements, Arkan Palm will develop mixed-use project on 205 acres in Sheikh Zayed, while Al Ahly will develop a plot in 6 October City.<\/p>\n","protected":false},"excerpt":{"rendered":"

SODIC lands 500-acre plot in Egypt\u2019s Sheikh Zayed: SODIC signed on Thursday a EGP 15.3 bn purchase agreement with the New Urban Communities Authority (NUCA) for a 500-acre plot in Sheikh Zayed, the real estate developer said in a statement (pdf). SODIC is paying NUCA EGP 2,470 per sqm in installments over 11 years. Some […]<\/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":[8572],"tags":[72,213,879,83,2380],"brand":[],"newspack_spnsrs_tax":[],"class_list":["post-602270","post","type-post","status-publish","format-standard","hentry","category-speed-round","tag-enterpriseam","tag-infrastructure-watch","tag-new-urban-communities-authority","tag-real-estate","tag-speed-round","wpautop","entry"],"acf":{"mongo_id":"d323a265-a817-49a6-b237-db1520920c10","is_powered_by":true,"section_story_id":"a376cba6-858e-4fcc-8f39-ce462a4929eb","story_type":"1","photo_url":"","photo_position":"above","related_issue":[602260],"teaser":"","voice_url":""},"yoast_head":"\nSODIC signs purchase agreement for 500-acre plot in Egypt\u2019s Sheikh Zayed - 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\/03\/24\/sodic-signs-purchase-agreement-for-500-acre-plot-in-egypts-sheikh-zayed\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"SODIC signs purchase agreement for 500-acre plot in Egypt\u2019s Sheikh Zayed\" \/>\n<meta property=\"og:description\" content=\"SODIC lands 500-acre plot in Egypt\u2019s Sheikh Zayed: SODIC signed on Thursday a EGP 15.3 bn purchase agreement with the New Urban Communities Authority (NUCA) for a 500-acre plot in Sheikh Zayed, the real estate developer said in a statement (pdf). 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The upscale real estate developer had signed a partnership with NUCA for the development in March. The first phase of the project is Vye,\u2026","rel":"","context":"In "Real Estate + Housing"","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":603227,"url":"https:\/\/enterpriseam.com\/egypt\/2023\/08\/15\/sodic-pays-egp-534-mn-to-expand-caesar-project-plus-business-group-want-more-action-to-boost-exports\/","url_meta":{"origin":602270,"position":5},"title":"SODIC pays EGP 534 mn to expand Caesar project. 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