Sixth of October for Development and Investment Co.-SODIC said its Board of Directors has approved the company's estimated budget for 2015.

SODIC noted, in a bourse statement, that 2015 budget targets contracting works at value amounts to around EGP4.1 billion.

The real estate developer plans to invest EGP2.3 billion in its own projects and in its affiliates’ projects, while it expects to deliver 684 units through 2015, added the statement.

Last December, SODIC shareholders approved to conclude a joint guarantee for the liability of SOREAL for Real Estate Development, 99.9%-owned subsidiary, towards a credit facility deal signed with Arab African International Bank (AAIB).