03‏/05‏/2025

SODIC aims to expand in Saudi Arabia and the UAE during the coming period

The General Manager of the Sixth of October Company "SODIC", Ayman Amer, revealed that the company intends to expand in the UAE and Saudi markets during the coming period, indicating that the company is preparing to open a sales branch for it in the Emirates, and the incorporation procedures are being completed, noting that the company seeks to market its various projects in Egypt. Benefiting from the “good reputation of Al-Dar Company, which owns SODIC.

He added in his statements that the company, within the framework of its expansion strategy, seeks to launch 550 hotel rooms in the company's projects in east and west Cairo and the North Coast, during the next five years, with the aim of maximizing recurring returns from non-residential activities.

Amer confirmed that SODIC has doubled its land portfolio in the North Coast region, as about 620 feddans have been added during the current year, of which 180 feddans represent an extension of the “Caesar” project – SODIC’s first projects in the North Coast, with an expected investment cost of EGP 10 billion over the next four years. Noting that all studies and designs for the project have been completed, and the first phase will be launched next month, according to the Middle East News Agency.

He pointed out that SODIC aims to invest about 5.5 billion pounds in the construction works of its projects during the current year, and about 1.78 billion pounds were spent during the first half of the year.

He added that the company also contracted on 440 feddans on the coast, in partnership with Al-Safi Group for Real Estate Development, at kilo 83 of Alexandria-Matrouh Road, with a sea front of more than 800 square meters, and it is expected to achieve contractual sales of about EGP 80 billion over the course of 11 years.

Regarding the percentage of the company's customers defaulting on the installments of the contracted units, Amer said it has declined to 5% during the current year, compared to 8.3% last year.