{"id":673444,"date":"2025-10-13T00:00:00","date_gmt":"2025-10-13T00:00:00","guid":{"rendered":"https:\/\/enterpriseam.com\/egypt\/2025\/10\/13\/midar-and-sodic-to-develop-egp-110-bn-wellness-focused-project-in-new-cairo\/"},"modified":"2025-10-13T00:00:00","modified_gmt":"2025-10-13T00:00:00","slug":"midar-and-sodic-to-develop-egp-110-bn-wellness-focused-project-in-new-cairo","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/egypt\/2025\/10\/13\/midar-and-sodic-to-develop-egp-110-bn-wellness-focused-project-in-new-cairo\/","title":{"rendered":"Midar and Sodic to develop EGP 110 bn wellness-focused project in New Cairo"},"content":{"rendered":"

Midar, Sodic to build EGP 110 bn wellness city:<\/strong> Midar for Investment and Urban Development has signed a partnership agreement with Sodic to develop Egypt\u2019s first fully integrated wellness and sustainable residential project in New Cairo\u2019s Mada City with total investments of EGP 110 bn, according to a company statement. <\/p>\n

(Tap or click the headline above to read this story with all of the links <\/strong>to our background as well as external sources.)<\/p>\n

The details:<\/strong> Under the agreement, Sodic will develop a 500-feddan plot under a revenue-sharing model. The project is Midar\u2019s second major partnership in Mada in less than eight months.<\/p>\n

REMEMBER- <\/strong>Emaar Misr inked a strategic partnership agreement<\/a> with Midar in February to set up the EGP 100 bn New Mivida residential project in New Cairo. Midar is expected to complete the construction on half of the project within three years.<\/p>\n

What they said:<\/strong> \u201cThis partnership supports Sodic\u2019s expansion strategy in East Cairo, where we have operated since 2008 with over 5k units delivered across three major projects, alongside our ongoing Sodic East development in partnership with Heliopolis Housing & Development. This collaboration marks a new milestone for Sodic, creating an integrated urban community that reflects our commitment to delivering high-quality, sustainable neighborhoods, where wellness serves as the foundation not just an amenity,\u201d Sodic General Manager Ayman Amer said. <\/p>\n","protected":false},"excerpt":{"rendered":"

Sodic will develop a 500-feddan plot under a revenue-sharing model<\/p>\n","protected":false},"author":1,"featured_media":673445,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","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":[7371],"tags":[72,7320,83,312],"brand":[],"newspack_spnsrs_tax":[],"class_list":["post-673444","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-real-estate","tag-enterpriseam","tag-midar","tag-real-estate","tag-sodic","wpautop","entry"],"acf":{"mongo_id":"9f17d28d-cd04-494b-aed7-bb6ae1e258b7","order":"7","is_powered_by":false,"story_type":"1","photo_url":"https:\/\/ent.news\/2025\/10\/565.jpg","photo_position":"above","homepage_title":"","full_issue_title":"Midar and Sodic to develop EGP 110 bn wellness-focused project in New Cairo","related_issue":[673433],"teaser":"Sodic will develop a 500-feddan plot under a revenue-sharing model","voice_url":"https:\/\/s3.us-east-1.amazonaws.com\/ent.news\/audio\/2025\/10\/.015f631e-3467-4564-94c9-aede34607089.mp3"},"yoast_head":"\nMidar and Sodic to develop EGP 110 bn wellness-focused project in New Cairo - 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The agreement provides the land owned with a 28% share of the project\u2019s revenues from unit sales, which SODIC projects to be around EGP 15.2 bn. The\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":590017,"url":"https:\/\/enterpriseam.com\/egypt\/2023\/07\/12\/sodic-al-safy-group-partner-on-new-north-coast-development\/","url_meta":{"origin":673444,"position":1},"title":"SODIC, Al Safy Group partner on new North Coast development","author":"enterpriseam admin","date":"12 July 2023","format":false,"excerpt":"SODIC will receive 73% of revenues from the planned project","rel":"","context":"In "Also on our Radar"","block_context":{"text":"Also on our Radar","link":"https:\/\/enterpriseam.com\/egypt\/category\/also-on-our-radar\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/2023\/7\/450.jpg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":602270,"url":"https:\/\/enterpriseam.com\/egypt\/2019\/03\/24\/sodic-signs-purchase-agreement-for-500-acre-plot-in-egypts-sheikh-zayed\/","url_meta":{"origin":673444,"position":2},"title":"SODIC signs purchase agreement for 500-acre plot in Egypt\u2019s Sheikh Zayed","author":"enterpriseam admin","date":"24 March 2019","format":false,"excerpt":"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\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":635896,"url":"https:\/\/enterpriseam.com\/egypt\/2017\/12\/17\/sodic-east-sales-hit-egp-1-8-bn-sherif\/","url_meta":{"origin":673444,"position":3},"title":"SODIC East sales hit EGP 1.8 bn -Sherif","author":"enterpriseam admin","date":"17 December 2017","format":false,"excerpt":"SODIC has recorded EGP 1.8 bn in contracted sales at its Sodic East project, CEO Magued Sherif told Al Mal. The project\u2019s first phase, involving 350 units, was sold out in seven days, he says. The project is being co-developed with Heliopolis Housing over a 655 feddan land plot. Sherif\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":573346,"url":"https:\/\/enterpriseam.com\/egypt\/2020\/07\/29\/hhd-extends-contract-to-co-develop-new-heliopolis-land-with-sodic\/","url_meta":{"origin":673444,"position":4},"title":"HHD extends contract to co-develop New Heliopolis land with Sodic","author":"enterpriseam admin","date":"29 July 2020","format":false,"excerpt":"HHD extends contract to co-develop New Heliopolis land with Sodic: State-owned Heliopolis Housing and Development\u2019s (HHD) board of directors agreed yesterday to extend the deadline by 11 months to develop a a 655-feddan plot in New Heliopolis under a 2016 agreement with upmarket real estate developer Sodic, according to a\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":665158,"url":"https:\/\/enterpriseam.com\/egypt\/2025\/05\/13\/hassan-allam-wants-to-list-its-spac\/","url_meta":{"origin":673444,"position":5},"title":"Hassan Allam wants to list its SPAC","author":"enterpriseam admin","date":"13 May 2025","format":false,"excerpt":"PLUS- SODIC will develop a 1k feddan-plot in West Cairo","rel":"","context":"In "Also on our Radar"","block_context":{"text":"Also on our Radar","link":"https:\/\/enterpriseam.com\/egypt\/category\/also-on-our-radar\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/2024\/6\/1115.jpg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]}],"_links":{"self":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/posts\/673444","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/comments?post=673444"}],"version-history":[{"count":0,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/posts\/673444\/revisions"}],"acf:post":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/issue\/673433"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/media\/673445"}],"wp:attachment":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/media?parent=673444"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/categories?post=673444"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/tags?post=673444"},{"taxonomy":"brand","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/brand?post=673444"},{"taxonomy":"newspack_spnsrs_tax","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/newspack_spnsrs_tax?post=673444"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}