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SODIC awards EGP 1.2bn contracts to develop SODIC East

SODIC awards EGP 1.2bn contracts to develop SODIC East
The mixed-use development is the real estate developer’s largest project in East Cairo
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Cairo – Mubasher: Six of October Development and Investment (SODIC) has awarded more than EGP 1.2 billion worth of construction contracts to develop its SODIC East project since 2018, SODIC’s managing director Magued Sherif said.

All launched parcels are well underway with construction on schedule for delivery to start in 2021. There are 15 contractors and over 2,500 workers on site,” Sherif added in a statement on Tuesday.

Covering an area of 655 acres, the mixed-use development is the real estate developer’s largest project in East Cairo with more than 84% open and green spaces.

Sherif further revealed that more than 65% of the 776 units under construction have completed concrete skeletons, while exterior finishes have started in the earlier phases.

Infrastructure work is underway starting with the project’s main roads as well as the foundations for water, sewage, and electric connections.”

It is worth mentioning that SODIC East features a six-acre park slated to be the first camping site of its size in Egypt.