Sodic, one of Egypt's largest listed real estate developers, says the state must find new ways to allocate land at lower prices if it wants the private sector to help meet the massive demand for housing.
Government property sc
Egypt's third-largest listed property developer Sodic has reported a first-quarter net profit of E£79.31 million ($10.39 million), nearly double the E£40.33 million ($5.26 million) it earned in the same period last year.
Sodic, one of the region’s leading real estate development companies, has signed an agreement with Tabrouk Developments to acquire a prime land on Egypt’s Mediterranean coast.
The acquisition provides Sodic, otherwise
Sodic, the third-largest listed property developer in Egypt, said it made a net profit of E£154.3 million ($20.2 million) in 2014 after a loss of E£477.1 million ($62.3 million) the previous year.
Sodic, also known as
Sodic, one of Egypt's largest listed real estate developers, is set to award contracts worth around E£4.1 billion ($535 million) in 2015, said a report.
The company also plans to invest E£2.3 billion ($300 million)
Sodic, one of the region's leading real estate development companies, will soon launch the first phase of Villette, its integrated community project in New Cairo, Egypt.
The project, which has been master-planned by renowned America
Sodic, Egypt's third-largest listed property group, reported a 37.4 per cent rise in nine-month net profit on Tuesday on the back of strong sales as one of its property developments came on to the market.
The company said net
Sodic, Egypt's third-largest listed property developer, has completed a 1 billion pound ($139 million) capital increase to help finance new projects as the country's real estate market begins to recover.
Sodic, also known
Sodic, one of Egypt's largest listed real estate developers, plans to invest E£2.4 billion ($336 million) in 2015 and is on the look out for new projects as the sector recovers from three years of turmoil, its managing director said.
Sixth of October Development and Investment Company (Sodic) posted EGP91 mllion ($12.6 million) net profit for the first half of the year, on the back of strong sales and a replenished land bank.
The key milestones achieved includ