{"id":602537,"date":"2019-03-31T03:49:05","date_gmt":"2019-03-31T03:49:05","guid":{"rendered":"https:\/\/enterpriseam.com\/egypt\/2019\/03\/31\/sodic-aims-to-invest-egp-3-7-bn-in-construction-projects-in-2019\/"},"modified":"2019-03-31T03:49:05","modified_gmt":"2019-03-31T03:49:05","slug":"sodic-aims-to-invest-egp-3-7-bn-in-construction-projects-in-2019","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/egypt\/2019\/03\/31\/sodic-aims-to-invest-egp-3-7-bn-in-construction-projects-in-2019\/","title":{"rendered":"SODIC aims to invest EGP 3.7 bn in construction projects in 2019"},"content":{"rendered":"

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<\/a> 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<\/a>, SODIC said it aims to invest about EGP 5.17 bn and lock down EGP 7.20 bn in customer contracts.<\/p>\n","protected":false},"excerpt":{"rendered":"

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 […]<\/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":[7097,72,7111,83,2402,312],"brand":[],"newspack_spnsrs_tax":[],"class_list":["post-602537","post","type-post","status-publish","format-standard","hentry","category-real-estate-housing","tag-development","tag-enterpriseam","tag-infrastructure","tag-real-estate","tag-real-estate-housing","tag-sodic","wpautop","entry"],"acf":{"mongo_id":"cf42b4c8-14bb-4813-b290-2e88fae8e2f2","is_powered_by":true,"story_type":"1","photo_url":"","photo_position":"above","related_issue":[602509],"teaser":"","voice_url":""},"yoast_head":"\nSODIC aims to invest EGP 3.7 bn in construction projects in 2019 - 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\/31\/sodic-aims-to-invest-egp-3-7-bn-in-construction-projects-in-2019\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"SODIC aims to invest EGP 3.7 bn in construction projects in 2019\" \/>\n<meta property=\"og:description\" content=\"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 […]\" \/>\n<meta property=\"og:url\" content=\"https:\/\/enterpriseam.com\/egypt\/2019\/03\/31\/sodic-aims-to-invest-egp-3-7-bn-in-construction-projects-in-2019\/\" \/>\n<meta property=\"og:site_name\" content=\"EnterpriseAM Egypt\" \/>\n<meta property=\"article:published_time\" content=\"2019-03-31T03:49:05+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\/03\/31\/sodic-aims-to-invest-egp-3-7-bn-in-construction-projects-in-2019\/#article\",\"isPartOf\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2019\/03\/31\/sodic-aims-to-invest-egp-3-7-bn-in-construction-projects-in-2019\/\"},\"author\":{\"name\":\"enterpriseam admin\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#\/schema\/person\/ca597032db7e4db868359c123cec256d\"},\"headline\":\"SODIC aims to invest EGP 3.7 bn in construction projects in 2019\",\"datePublished\":\"2019-03-31T03:49:05+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2019\/03\/31\/sodic-aims-to-invest-egp-3-7-bn-in-construction-projects-in-2019\/\"},\"wordCount\":93,\"publisher\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#organization\"},\"keywords\":[\"development\",\"EnterpriseAM\",\"infrastructure\",\"real estate\",\"Real Estate + Housing\",\"SODIC\"],\"articleSection\":[\"Real Estate + Housing\"],\"inLanguage\":\"en-US\"},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2019\/03\/31\/sodic-aims-to-invest-egp-3-7-bn-in-construction-projects-in-2019\/\",\"url\":\"https:\/\/enterpriseam.com\/egypt\/2019\/03\/31\/sodic-aims-to-invest-egp-3-7-bn-in-construction-projects-in-2019\/\",\"name\":\"SODIC aims to invest EGP 3.7 bn in construction projects in 2019 - 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The facility will be used to cover part of development costs estimated to be\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":601051,"url":"https:\/\/enterpriseam.com\/egypt\/2019\/02\/18\/sodic-looking-to-invest-c-egp-5-17-bn-in-2019\/","url_meta":{"origin":602537,"position":1},"title":"SODIC looking to invest c.EGP 5.17 bn in 2019","author":"enterpriseam admin","date":"18 February 2019","format":false,"excerpt":"INVESTMENT WATCH- SODIC aims to invest about EGP 5.17 bn in 2019, the upmarket real estate developer said in an EGX disclosure (pdf). SODIC also expects to make EGP 7.20 bn in customer contracts and deliver 1,151 units worth about EGP 5.15 bn in 2019.","rel":"","context":"In "Speed Round"","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":649464,"url":"https:\/\/enterpriseam.com\/egypt\/2017\/03\/01\/sodic-reports-record-earnings-in-2016\/","url_meta":{"origin":602537,"position":2},"title":"SODIC reports record earnings in 2016","author":"enterpriseam admin","date":"1 March 2017","format":false,"excerpt":"SODIC announced record results yesterday with net profit after tax and minority interest coming in at EGP 429 mn for 2016, up 38% y-o-y. Revenues for the year also grew by 40% y-o-y to record EGP 2.07 bn. \u201cThe main contributors to revenue growth during 4Q16 and the 12 months\u2026","rel":"","context":"In "Speed Round"","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":573257,"url":"https:\/\/enterpriseam.com\/egypt\/2020\/07\/27\/sodic-boss-expects-egypts-real-estate-sector-to-recover-starting-2h2020\/","url_meta":{"origin":602537,"position":3},"title":"Sodic boss expects Egypt\u2019s real estate sector to recover starting 2H2020","author":"enterpriseam admin","date":"27 July 2020","format":false,"excerpt":"Sodic boss expects real estate to stage recovery starting 2H2020: Property sales could start bouncing back throughout the second half of this year after the government relaxed covid-19 measures and amid the ongoing gradual return to \u201cnormal life,\u201d our friend Sodic CEO Magued Sherif told Al Mal and Hapi Journal\u2026","rel":"","context":"In "Speed Round"","block_context":{"text":"Speed Round","link":"https:\/\/enterpriseam.com\/egypt\/category\/speed-round\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/2020\/7\/210.jpg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":594827,"url":"https:\/\/enterpriseam.com\/egypt\/2019\/09\/09\/sodic-to-invest-egp-34-bn-in-four-new-zayed-projects-in-next-decade\/","url_meta":{"origin":602537,"position":4},"title":"Sodic to invest EGP 34 bn in four New Zayed projects in next decade","author":"enterpriseam admin","date":"9 September 2019","format":false,"excerpt":"INVESTMENT WATCH- Sodic will invest EGP 34 bn in four new projects in New Zayed over the coming decade, it said in a statement yesterday (pdf). 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