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First for Egypt as Greg Norman launches signature golf course for SODIC

SODIC, Egypt's leading real estate developer, announced at Cityscape Dubai that it has finalized an agreement with Greg Norman's Golf Course Design for an 18-hole signature golf course complex at its Alegria development in Cairo.

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The multi-million dollar course, Greg Norman's first in Egypt and the country's first signature course, will be located at Sheikh Zayed City in west Cairo. The course is set to open in 2008.

Facilities at the course include a state-of-the-art, clubhouse, golf academy and a floodlit driving range, which sits at the centre of the four million square metre Alegria development. A luxury 100 room five-star boutique hotel and spa completes the bouquet of amenities at the commercial and residential site, which is setting new standards in the ancient city of Cairo.

Ahmed D. Badrawi, SODIC's Business Development Director said:

"We're delighted that Greg Norman has selected SODIC as the partner for Egypt's first signature course. The high standards of design and construction perfectly complements the development at Alegria, the premier real estate project in the Egyptian Republic."


SODIC's Alegria development comprises modern residential and commercial facilities set within acres of parkland. Situated just 15 minutes from the centre of Cairo, the Greg Norman course will provide a stunning backdrop for the villas and townhouses flanking it.

Having spent 331 weeks of his three-decade professional career as the world's No. 1 ranked player, Norman has competed on many of the greatest golf courses in the world. He utilizes this vast experience in each design, with the goal of creating tournament-quality courses that maintain an enjoyable sense of playability for all skill levels.

Continued Badrawi: "A unique aspect of the course and master plan, which is being designed by the internationally renowned EDAW office in New York, is that it will be set within stunning parkland. At SODIC we aim to attract a new class of intelligent and discerning home buyer as well as investors and brand name operators."
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Notes and media contacts

About SODIC
SODIC was established in 1997 as a PLC with the purpose of creating a new urban settlement in Sheikh Zayed in the western district of Greater Cairo. SODIC owns a premium plot of land flanking both the main Cairo-Alexandria highway and increasingly important Dahshour Road with an area that amounts to six million square meters starting at Kilo 36 of the Cairo Alexandria highway. SODIC has also recently acquired a 984,900 square meters plot in New Cairo immediately adjacent to the new campus of the American University in Cairo, and in October of 2006 the company raised its capital by LE1.2 billion to finance its expansion and development plans.

For more information please contact:

Ahmed Demerdash Badrawi
Director of Business Development and Board Member
SODIC
Tel: +20 2 857 1253 / 54
Fax: +20 2 857 1255

Or

Mohammed El Batta
PR Account Director
Rada Research & Public Relations Co.
Tel: +20 2 418 5741 / 419 6663
Fax: +20 2 291 7563
Cell: +20 12 3564164

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