Cairo – Mubasher: Six of October Development and Investment (SODIC) has awarded over EGP 1.7 billion in construction contracts for the development of Eastown District New Cairo (EDNC), the commercial component of Eastown located directly on Road 90.

SODIC’s largest non-residential offering in East Cairo is scheduled for delivery starting from 2021 as more than 50% of construction work has been completed, according to a statement on Sunday.

EDNC includes 90,000 square metres of commercial and retail space.

“This project comes in line with the company’s strategy to largely retain prime non-residential assets to contribute to recurring income in the future. With its prime location and offering, EDNC will serve as the cornerstone of SODIC’s recurring income portfolio” SODIC’s Managing Director, Magued Sherif, said.