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Tuesday, 22 October 2019

Egypt’s SODIC awards EGP 300 mn-worth of construction contracts for SODIC East

SODIC has awarded construction contracts worth EGP 300 mn for its flagship SODIC East project, according to an emailed statement (pdf). Our friends at the upscale real estate developer broke ground last year on the project, which is its largest development in east Cairo, with construction underway and ahead of schedule on all launched phases. SODIC expects to begin delivering units in SODIC East as of November 2021. The master plan for the 655-acre development was designed by Massachusetts-based firm Sasaki.

Talks with operators for the development are also well underway with SODIC set to bring on Wellspring, an experiential teaching organization, to operate the camp site that will be included in its six-acre park. SODIC is also in “advanced talks” with other unnamed firms that will be responsible for the array of services that will be available in SODIC East, including schools, medical services, and entertainment facilities.

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