Monday 13 July 2020

Egyptian developer awards Sodic East project contracts

DUBAI, October 22, 2019

Leading Egyptian developer Sodic has awarded construction contracts worth over E£300 million ($18.4 million ) at its integrated mixed-use development Sodic East. It is the company’s largest development in East Cairo.

Developed in partnership with Heliopolis Company for Housing and Development, Sodic East is ideally located between two strategic highways - Suez & Ismailia desert roads - and is a 10-minute drive from the New Administrative Capital via the newly developed network of roads.

Spread over a sprawling 2.65-million-sq-m area, Sodic East is master-planned by renowned Massachusetts-based Sasaki as a comprehensive integrated mixed-use development with over 84% open and green spaces.

Sodic had broken ground last year following the successful launch and selling out of E£2 billion worth of single family homes in Sodic East, said the developer in its statement.

All launched phases are now under construction and are on track for delivery starting November 2021, it stated.

Sodic has also announced the first of a long line-up of planned operators for the project.

The Egyptian developer is signing on renowned experiential learning leader Wellspring for the activation of the camp component of Sodic East’s six acre park.

Allocated for youth and community outdoor activation, the park is destined to be the first camping site of its size in Egypt, and will capitalise on the adjacent 41-acre sports club managed by Club S, Sodic’s own dedicated sports platform, it added.-TradeArabia News Service


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