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SODIC denies receiving award letter for land plot in New Cairo

SODIC denies receiving award letter for land plot in New Cairo
SODIC
OCDI
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Six of October Development & Investment Co. (SODIC) said Monday it has not received any official letters of award for a 301-feddan land plot in New Cairo.
The New Urban Communities Authority (NUCA) had announced on May 29 it accepted the technical bid received from SOREAL, a subsidiary of SODIC, for a 301-feddan land plot in New Cairo.
Alaa Abdel Aziz, Head of New Cairo City Authority, was quoted as saying SODIC submitted the highest bid for the land plot at EGP 1915 per sqm, among 60 rival companies. Thus, SODIC will pay EGP 2.5 billion for the land plot. For his part, Ashraf Farid, chief operating officer, SODIC, said his company is awaiting a letter of award from NUCA. Farid added that SODIC has ambitious plans for developing the land plot with mega investments that would create 20,000 jobs.