{"id":650721,"date":"2017-03-30T03:55:15","date_gmt":"2017-03-30T03:55:15","guid":{"rendered":"https:\/\/enterpriseam.com\/egypt\/2017\/03\/30\/spotlight-on-the-cityscape-egypt-conference\/"},"modified":"2017-03-30T03:55:15","modified_gmt":"2017-03-30T03:55:15","slug":"spotlight-on-the-cityscape-egypt-conference","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/egypt\/2017\/03\/30\/spotlight-on-the-cityscape-egypt-conference\/","title":{"rendered":"Spotlight on the Cityscape Egypt conference"},"content":{"rendered":"<p><strong>We stopped in on the Cityscape Egypt real estate conference yesterday, where we are <\/strong><strong>proud to have seen our friends at SODIC win two awards.<\/strong> The real estate developer took home hardware for the Best Community, Culture & Tourism Project Award for its Westown Medical Centre project and Best Commercial Project Award for its office park, the Polygon. SODIC has received several awards in recent years for projects within SODIC West, including two Euromoney awards for best office \/ business developer for the Polygon and best residential developer for SODIC West in 2014 and 2016. It previously took home Cityscape awards for Polygon and Allegria in 2013.<\/p>\n<p>We also attended two talks by government officials. Highlights of their remarks:<\/p>\n<p><strong>Khaled Abbas, Assistant Housing Minister:<\/strong><\/p>\n<ul type=\"disc\">\n<li>The government is apparently still in talks with China Fortune Land Development Company, which had announced it was investing USD 20 bn in the New Administrative Capital. The company finished the master plan and negotiations are revolving around financing for the project. It will be clear in about two months if the <a href=\"https:\/\/enterprise.press\/stories\/2016\/10\/04\/usd-20-bn-from-china-fortune-land-to-develop-phase-2-of-new-capital\/\">MoU to develop 14,000 feddans<\/a> will turn into a contract or not, Abbas said. <\/li>\n<li>The Ministry is only considering partnerships with large private-sector developers in the new capital and will be tendering larger land plots for development.<\/li>\n<\/ul>\n<ul type=\"disc\">\n<li>The Housing Ministry will tender land of up to 100 feddans for medium-sized developers within a week to ten days, Abbas said, without specifying where.<\/li>\n<\/ul>\n<p><strong>Assem El Gazzar, chairman of the General Organization for Physical Planning:<\/strong><\/p>\n<ul type=\"disc\">\n<li>Space for urban development cannot keep up with Egypt\u2019s population growth rate of 2 mn a year. <\/li>\n<li>Affordable housing is the biggest challenge for the Ministry.<\/li>\n<li>Generating job opportunities in new urban communities is what makes housing projects successful. Developments need to create economic value by housing commercial buildings.<\/li>\n<\/ul>\n","protected":false},"excerpt":{"rendered":"<p>We stopped in on the Cityscape Egypt real estate conference yesterday, where we are proud to have seen our friends at SODIC win two awards. The real estate developer took home hardware for the Best Community, Culture &#038; Tourism Project Award for its Westown Medical Centre project and Best Commercial Project Award for its office [&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":[7279],"tags":[72],"brand":[],"newspack_spnsrs_tax":[],"class_list":["post-650721","post","type-post","status-publish","format-standard","hentry","category-spotlight","tag-enterpriseam","wpautop","entry"],"acf":{"mongo_id":"00218aba-7dfc-470b-bb55-0504a25fcbd3","order":"0","is_powered_by":true,"story_type":"1","photo_url":"","photo_position":"above","related_issue":[650703],"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>Spotlight on the Cityscape Egypt conference - 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\/2017\/03\/30\/spotlight-on-the-cityscape-egypt-conference\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Spotlight on the Cityscape Egypt conference\" \/>\n<meta property=\"og:description\" content=\"We stopped in on the Cityscape Egypt real estate conference yesterday, where we are proud to have seen our friends at SODIC win two awards. 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The facility will be used in part to repay a EGP 900 mn syndicated facility previously signed in 2013 to finance the SODIC West project.\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\/2017\/4\/442.jpg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":602537,"url":"https:\/\/enterpriseam.com\/egypt\/2019\/03\/31\/sodic-aims-to-invest-egp-3-7-bn-in-construction-projects-in-2019\/","url_meta":{"origin":650721,"position":1},"title":"SODIC aims to invest EGP 3.7 bn in construction projects in 2019","author":"enterpriseam admin","date":"31 March 2019","format":false,"excerpt":"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,\u2026","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":594180,"url":"https:\/\/enterpriseam.com\/egypt\/2019\/10\/22\/egypts-sodic-awards-egp-300-mn-worth-of-construction-contracts-for-sodic-east\/","url_meta":{"origin":650721,"position":2},"title":"Egypt\u2019s SODIC awards EGP 300 mn-worth of construction contracts for SODIC East","author":"enterpriseam admin","date":"22 October 2019","format":false,"excerpt":"SODIC has awarded construction contracts worth EGP 300 mn for its flagship SODIC East project, according to an emailed statement (pdf). 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SODIC launched the first phase of the project last month, which includes 83 apartments, and \u201cwas met with unparalleled demand.\u201d Allegria Residence\u2019s \u201cstrong\u2026","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":622474,"url":"https:\/\/enterpriseam.com\/egypt\/2018\/10\/02\/sodic-and-cib-are-egypt-winners-at-mideast-ir-awards\/","url_meta":{"origin":650721,"position":4},"title":"SODIC and CIB are Egypt winners at Mideast IR awards","author":"enterpriseam admin","date":"2 October 2018","format":false,"excerpt":"SODIC and CIB are Egypt winners at Mideast IR awards: We\u2019re super-pleased to report that our friends Heba Maklouf (SODIC) and Yasmine Hemeida (CIB) took home gongs from the Middle East Investor Relations Association\u2019s annual fall awards in the UAE. 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