Sixth October Development and Investment Company (SODIC) aims to increase its land portfolio. Moreover, the company targets sales of EGP 5.6bn. We have six million square metres of land already, and we have allocated EGP 600m to buy new plots in 2017. The company plans to invest EGP 3bn in the current year, including EGP 2.1bn for the construction works. Our revenues increased by 42.9% compared to 2015, where the revenues registered EGP 2.1bn in 2016, up from EGP 1.47bn in 2015.

Source: Daily News Egypt April 03, 2017 07:07 UTC