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SODIC receives approval on Al Yosr land master plan to launch signature development “The Estates”

SODIC receives approval on Al Yosr land master plan to launch signature development “The Estates”

ArabFinance:  Sixth of October Development & Investment Company (“SODIC”) (OCDI) announced today that Al Yosr for Projects and Agricultural Development (“Al Yosr”), SODIC’s fully owned subsidiary, has received the approval on the master plan submitted to the New Urban Communities Authority (“NUCA”).

This development paves the way for the launch of a signature development “The Estates” during the fourth quarter of 2019 with total sales expected to exceed EGP 7 billion over a period of eight years. This adds significant visibility into SODIC’s inventory pipeline in West Cairo where we build on the positive legacy created in the area, through the success of SODIC West.

Located on kilometer 44 of the Cairo Alexandria desert road, the project is set on 630,000 sqm of land and is only 5 kilometers away from SODIC West, SODIC’s flagship development. “The Estates” will boast circa 500 units of upscale single family homes ranging from exclusive one story villas to townhouses and builds on SODIC’s success in catering to the luxury housing market in Allegria.

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