FINANCIAL NEWS

Egypt-SODIC to finalize Caeser project by Aug 2018

27 Aug 2017

(MENAFN) Sixth of Oct for Development and Investment (SODIC) is aiming to finish Caeser project in the North Coast of Egypt by Aug 2018, as the Egyptian developer considers expansion outside Cairo.

Moreover, the project value involving land cost if almost EGP900mn, while unit’s prices have not been affected by currency flotation, as all units were sold as soon as the project were offered.

Additionally, the project is built on 100 Feddans, with Egypt-based Redcon Construction firm responsible for all units’ building.

The firm reported a 25.6 percent year on year profit growth in the second quarter of the year due to a boost in revenues.

MENAFN2708201700450000ID1095775743

MENAFN2708201700450000ID1095775743

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