{"id":652613,"date":"2017-01-15T04:14:21","date_gmt":"2017-01-15T04:14:21","guid":{"rendered":"https:\/\/enterpriseam.com\/egypt\/2017\/01\/15\/sodic-denies-delaying-submitting-plan-to-develop-project-with-heliopolis-housing-to-september-launch-on-track\/"},"modified":"2017-01-15T04:14:21","modified_gmt":"2017-01-15T04:14:21","slug":"sodic-denies-delaying-submitting-plan-to-develop-project-with-heliopolis-housing-to-september-launch-on-track","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/egypt\/2017\/01\/15\/sodic-denies-delaying-submitting-plan-to-develop-project-with-heliopolis-housing-to-september-launch-on-track\/","title":{"rendered":"SODIC denies delaying submitting plan to develop project with Heliopolis Housing to September, launch on track"},"content":{"rendered":"

SODIC says it only delayed submitting the general plan for developing 655 feddans with Heliopolis Housing by 10 weeks to March 2017, according to a bourse statement<\/a>. There were rumors, denied by SODIC, that the company was looking to delay submitting the development plan until September. SODIC adds the extension will have no effect on the launch date for the project, slated for 2H2017, and adds that there is no effect on the contractual agreement with Heliopolis Housing.<\/p>\n","protected":false},"excerpt":{"rendered":"

SODIC says it only delayed submitting the general plan for developing 655 feddans with Heliopolis Housing by 10 weeks to March 2017, according to a bourse statement. There were rumors, denied by SODIC, that the company was looking to delay submitting the development plan until September. SODIC adds the extension will have no effect on […]<\/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":[72,2402],"brand":[],"newspack_spnsrs_tax":[],"class_list":["post-652613","post","type-post","status-publish","format-standard","hentry","category-real-estate-housing","tag-enterpriseam","tag-real-estate-housing","wpautop","entry"],"acf":{"mongo_id":"5eff19b0-dd5d-4d27-9bd5-d38124e38475","order":"0","is_powered_by":true,"story_type":"1","photo_url":"","photo_position":"above","related_issue":[652576],"teaser":"","voice_url":""},"yoast_head":"\nSODIC denies delaying submitting plan to develop project with Heliopolis Housing to September, launch on track - 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\/01\/15\/sodic-denies-delaying-submitting-plan-to-develop-project-with-heliopolis-housing-to-september-launch-on-track\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"SODIC denies delaying submitting plan to develop project with Heliopolis Housing to September, launch on track\" \/>\n<meta property=\"og:description\" content=\"SODIC says it only delayed submitting the general plan for developing 655 feddans with Heliopolis Housing by 10 weeks to March 2017, according to a bourse statement. 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SODIC confirmed the news, adding it contracted international design firm Sasaki for the plan, which Heliopolis Company approved. 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The first phase of the project is scheduled for completion early next year, according to Heliopolis Housing\u2019s Managing Director\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":645781,"url":"https:\/\/enterpriseam.com\/egypt\/2017\/07\/30\/heliopolis-housing-approves-sodics-master-plan-for-new-heliopolis\/","url_meta":{"origin":652613,"position":2},"title":"Heliopolis Housing approves SODIC\u2019s master plan for New Heliopolis","author":"enterpriseam admin","date":"30 July 2017","format":false,"excerpt":"Heliopolis Housing and Development signed off on SODIC\u2019s master plan for developing 655 feddans in New Heliopolis, which it had submitted in April, Al Masry Al Youm reports. SODIC is expected to launch the first phase of the project in October, Heliopolis Housing deputy chairman Wael Youssef says. As we\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":642729,"url":"https:\/\/enterpriseam.com\/egypt\/2017\/08\/21\/sodic-spent-egp-804-mn-of-its-2014-capital-increase-as-of-1h2017\/","url_meta":{"origin":652613,"position":3},"title":"SODIC spent EGP 804 mn of its 2014 capital increase as of 1H2017","author":"enterpriseam admin","date":"21 August 2017","format":false,"excerpt":"SODIC has spent EGP 804 mn in proceeds from its 2014 EGP 992.9 mn capital increase as of 1H2017, according to an EGX filing. Among the noteworthy expenditures are the EGP 400 mn invested in its Villette project in 2014 and EGP 191 mn spent to acquire the Tobrouk Building\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":649684,"url":"https:\/\/enterpriseam.com\/egypt\/2017\/03\/06\/egp-float-runs-up-costs-of-new-heliopolis-development\/","url_meta":{"origin":652613,"position":4},"title":"EGP float runs up costs of New Heliopolis development","author":"enterpriseam admin","date":"6 March 2017","format":false,"excerpt":"The EGP float has raised the costs of developing the 655-acre New Heliopolis project 20% to EGP 35 bn, up from an initial estimate of EGP 30 bn before November, said Hany Al Deeb, CEO of Heliopolis Housing and Development company (HHD), which is co-developing the project with SODIC. Al\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":636074,"url":"https:\/\/enterpriseam.com\/egypt\/2017\/12\/20\/heliopolis-housing-to-get-30-of-revenues-from-sodic-east-sales\/","url_meta":{"origin":652613,"position":5},"title":"Heliopolis Housing to get 30% of revenues from SODIC East sales","author":"enterpriseam admin","date":"20 December 2017","format":false,"excerpt":"Heliopolis Housing will get 30% of the sales revenues of residential units and 30.2% from commercial units at SODIC East, according to a bourse disclosure. The project\u2019s first phase, bringing in EGP 1.8 bn, was sold out in seven days, SODIC CEO Magued Sherif had announced during the week. 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