{"id":624764,"date":"2018-09-18T04:19:17","date_gmt":"2018-09-18T04:19:17","guid":{"rendered":"https:\/\/enterpriseam.com\/egypt\/2018\/09\/18\/sodic-awarded-500-acre-plot-in-west-cairo\/"},"modified":"2018-09-18T04:19:17","modified_gmt":"2018-09-18T04:19:17","slug":"sodic-awarded-500-acre-plot-in-west-cairo","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/egypt\/2018\/09\/18\/sodic-awarded-500-acre-plot-in-west-cairo\/","title":{"rendered":"SODIC awarded 500-acre plot in West Cairo"},"content":{"rendered":"<p><strong>SODIC announced yesterday that it was awarded am EGP 14.2 bn 500-acre plot in Sheikh Zayed<\/strong>, enough to develop as many as 5k residential units, <a href=\"https:\/\/ent.news\/2018\/9\/1511.pdf\">according to a company statement (pdf)<\/a>. SODIC is paying the New and Urban Communities Authority (NUCA) EGP 2.2k per sqm in installments over 11 years. Some EGP 8.5 bn of the sum is in fixed installments, in addition to 15% of the annual collections. The new plot bring SODIC\u2019s undeveloped land bank to 8 mn sqm, giving the company \u201ca runway of at least 10 years of development,\u201d said our friend SODIC boss Magued Sherif.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>SODIC announced yesterday that it was awarded am EGP 14.2 bn 500-acre plot in Sheikh Zayed, enough to develop as many as 5k residential units, according to a company statement (pdf). SODIC is paying the New and Urban Communities Authority (NUCA) EGP 2.2k per sqm in installments over 11 years. Some EGP 8.5 bn of [&hellip;]<\/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":[72,2380],"brand":[],"newspack_spnsrs_tax":[],"class_list":["post-624764","post","type-post","status-publish","format-standard","hentry","category-speed-round","tag-enterpriseam","tag-speed-round","wpautop","entry"],"acf":{"mongo_id":"bb3516d7-0f03-4498-9560-ac12d787aee3","order":"0","is_powered_by":true,"section_story_id":"556f9530-4687-4efb-94ab-fb20a48d5720","story_type":"1","photo_url":"","photo_position":"above","related_issue":[624747],"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 awarded 500-acre plot in West Cairo - 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\/2018\/09\/18\/sodic-awarded-500-acre-plot-in-west-cairo\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"SODIC awarded 500-acre plot in West Cairo\" \/>\n<meta property=\"og:description\" content=\"SODIC announced yesterday that it was awarded am EGP 14.2 bn 500-acre plot in Sheikh Zayed, enough to develop as many as 5k residential units, according to a company statement (pdf). SODIC is paying the New and Urban Communities Authority (NUCA) EGP 2.2k per sqm in installments over 11 years. Some EGP 8.5 bn of [&hellip;]\" \/>\n<meta property=\"og:url\" content=\"https:\/\/enterpriseam.com\/egypt\/2018\/09\/18\/sodic-awarded-500-acre-plot-in-west-cairo\/\" \/>\n<meta property=\"og:site_name\" content=\"EnterpriseAM Egypt\" \/>\n<meta property=\"article:published_time\" content=\"2018-09-18T04:19:17+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\/2018\/09\/18\/sodic-awarded-500-acre-plot-in-west-cairo\/#article\",\"isPartOf\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2018\/09\/18\/sodic-awarded-500-acre-plot-in-west-cairo\/\"},\"author\":{\"name\":\"enterpriseam admin\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#\/schema\/person\/ca597032db7e4db868359c123cec256d\"},\"headline\":\"SODIC awarded 500-acre plot in West Cairo\",\"datePublished\":\"2018-09-18T04:19:17+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2018\/09\/18\/sodic-awarded-500-acre-plot-in-west-cairo\/\"},\"wordCount\":102,\"publisher\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#organization\"},\"keywords\":[\"EnterpriseAM\",\"SPEED ROUND\"],\"articleSection\":[\"Speed Round\"],\"inLanguage\":\"en-US\"},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2018\/09\/18\/sodic-awarded-500-acre-plot-in-west-cairo\/\",\"url\":\"https:\/\/enterpriseam.com\/egypt\/2018\/09\/18\/sodic-awarded-500-acre-plot-in-west-cairo\/\",\"name\":\"SODIC awarded 500-acre plot in West Cairo - EnterpriseAM Egypt\",\"isPartOf\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#website\"},\"datePublished\":\"2018-09-18T04:19:17+00:00\",\"breadcrumb\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2018\/09\/18\/sodic-awarded-500-acre-plot-in-west-cairo\/#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/enterpriseam.com\/egypt\/2018\/09\/18\/sodic-awarded-500-acre-plot-in-west-cairo\/\"]}]},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2018\/09\/18\/sodic-awarded-500-acre-plot-in-west-cairo\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\/\/enterpriseam.com\/egypt\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"SODIC awarded 500-acre plot in West Cairo\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#website\",\"url\":\"https:\/\/enterpriseam.com\/egypt\/\",\"name\":\"EnterpriseAM\",\"description\":\"The State of the Nation\",\"publisher\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#organization\"},\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\/\/enterpriseam.com\/egypt\/?s={search_term_string}\"},\"query-input\":{\"@type\":\"PropertyValueSpecification\",\"valueRequired\":true,\"valueName\":\"search_term_string\"}}],\"inLanguage\":\"en-US\"},{\"@type\":\"Organization\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#organization\",\"name\":\"EnterpriseAM\",\"url\":\"https:\/\/enterpriseam.com\/egypt\/\",\"logo\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#\/schema\/logo\/image\/\",\"url\":\"https:\/\/ent.news\/internal\/240894.svg\",\"contentUrl\":\"https:\/\/ent.news\/internal\/240894.svg\",\"caption\":\"EnterpriseAM\"},\"image\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#\/schema\/logo\/image\/\"}},{\"@type\":\"Person\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#\/schema\/person\/ca597032db7e4db868359c123cec256d\",\"name\":\"enterpriseam admin\",\"sameAs\":[\"http:\/\/enterpriseam.testing.projectsarea.com\"],\"url\":\"https:\/\/enterpriseam.com\/egypt\/author\/enterpriseam\/\"}]}<\/script>\n<!-- \/ Yoast SEO Premium plugin. -->","yoast_head_json":{"title":"SODIC awarded 500-acre plot in West Cairo - EnterpriseAM Egypt","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/enterpriseam.com\/egypt\/2018\/09\/18\/sodic-awarded-500-acre-plot-in-west-cairo\/","og_locale":"en_US","og_type":"article","og_title":"SODIC awarded 500-acre plot in West Cairo","og_description":"SODIC announced yesterday that it was awarded am EGP 14.2 bn 500-acre plot in Sheikh Zayed, enough to develop as many as 5k residential units, according to a company statement (pdf). 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SODIC is paying NUCA EGP 2,470 per sqm in\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":557044,"url":"https:\/\/enterpriseam.com\/egypt\/2021\/09\/05\/sodic-acquires-new-zayed-plot-for-egp-1-24-bn\/","url_meta":{"origin":624764,"position":1},"title":"SODIC acquires new Zayed plot for EGP 1.24 bn","author":"enterpriseam admin","date":"5 September 2021","format":false,"excerpt":"Upmarket real estate developer SODIC will purchase a 123-acre plot in Sheikh Zayed City for EGP 1.24 bn, the company said in a statement (pdf) Thursday, after the Sheikh Zayed City Development Authority accepted an offer of EGP 2,385 per sqm, payable over six years. 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":649162,"url":"https:\/\/enterpriseam.com\/egypt\/2017\/04\/24\/sodic-contracted-sales-up-64-y-o-y-in-1q2017-to-egp-1-2-bn\/","url_meta":{"origin":624764,"position":2},"title":"SODIC contracted sales up 64% y-o-y in 1Q2017 to EGP 1.2 bn","author":"enterpriseam admin","date":"24 April 2017","format":false,"excerpt":"SODIC booked net contracted sales of EGP 1.2 bn in 1Q2017, a 64% leap over the same period last year, according to an EGX filing (pdf). \u201cNet contracted sales grew on the back of three launches with EGP 1.7 bn worth of inventory introduced in February and March of 2017.\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":573175,"url":"https:\/\/enterpriseam.com\/egypt\/2020\/07\/22\/sodic-awards-egp-1-2-bn-in-contracts-at-flagship-sodic-east-development\/","url_meta":{"origin":624764,"position":3},"title":"SODIC awards EGP 1.2 bn in contracts at flagship SODIC East development","author":"enterpriseam admin","date":"22 July 2020","format":false,"excerpt":"Upmarket real estate developer SODIC has awarded EGP 1.2 bn in contracts at its flagship SODIC East development to date since breaking ground on the project in 2018, according to a statement (pdf). More than 65% of the development\u2019s single family homes now have a complete concrete skeleton, the statement\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":628989,"url":"https:\/\/enterpriseam.com\/egypt\/2018\/05\/20\/sodics-1q2018-sales-growth-driven-by-launch-of-cornerstone-of-future-recurring-income-portfolio\/","url_meta":{"origin":624764,"position":4},"title":"SODIC\u2019s 1Q2018 sales growth driven by launch of \u201ccornerstone of future recurring income portfolio\u201d","author":"enterpriseam admin","date":"20 May 2018","format":false,"excerpt":"EARNINGS WATCH- SODIC reported a net profit after tax and minority interest of EGP 212 mn in 1Q2018, with a net profit margin of 41%, the company said in its earnings release (pdf). 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