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Monday, 12 March 2018

SODIC signs revenue sharing agreement for a 308 feddan land plot on the North Coast

SODIC announced signing a revenue sharing agreement for two adjacent plots with a total land area of 308 feddans on the North Coast. The agreement provides the land owned with a 28% share of the project’s revenues from unit sales, which SODIC projects to be around EGP 15.2 bn. The land plot is directly off the new Dabaa road exit and 8 km east of SODIC’s Caesar maiden North Coast project.

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