Cairo –  Sixth of October for Development and Investment (SODIC) is looking to seal EGP 7.202 billion contracts in 2019.

The real estate company aims to deliver 1,151 units this year at a value of EGP 5.154 billion, it said in a statement to the Egyptian Exchange (EGX) on Sunday.

SODIC is also planning to invest around EGP 5.173 billion across its projects and its subsidiaries' projects this year, the statement added.

The figures mentioned in the statement are estimates that are subject to the company’s achievements in 2019, as well as any new investments.

SODIC previously reported a net profit of EGP 612.9 million during the period starting January to September 2018, versus EGP 507.7 million in the prior-year period, including minority shareholders’ rights.

In November, SODIC said it seeks to launch its project established on Al Yosr land in Sheikh Zayed for sale in 2019.

Source: Mubasher

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