SODICBUILDING THINGS DIFFERENTLY 2من اصل2

DISTINCT URBAN COMMUNITIES IN NEW AREAS
With regard to SODIC East project in new Heliopolis, which is being
implemented in partnership with Heliopolis Company for Housing and
Development, the master plan has been approved and architectural models
completed and the marketing campaign is being prepared for the project.
The contract between SODIC and Heliopolis gives SODIC the right to
receive 70% of the revenues of the new housing units and Heliopolis by
30%.
The first phase of the Villette project was launched in December 2014 and
is being held on 301 acres in New Cairo. The villas area has been fully
launched and all five-stage units have been contracted and are expected to
be delivered in early 2018.
According to Eng. Majid   Shareef, managing director of SODIC, the amount
of funds granted to the company is currently EGP 3 billion and EGP 300
million, of which only EGP 1,5 billion are currently used, since the
company has sufficient liquidity to finance the projects.
SODIC projects are a landmark in the real estate industry, including SODIC
West, which includes a number of real estate projects, Allegria, Beverly
Hills, Casa, Design polis, The Strip, And SODIC West Town, which
includes three propositions: Courtyards, the second.