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Sodic bids for land in Cairo suburb
- Egypt: Wednesday, July 28 - 2010 at 10:35
Egyptian real estate firm Sodic has said it had bid for 426 acres in the Cairo suburb of Sheikh Zayed City, Reuters has reported. "We are planning to develop this land as an extension to Allegria," CEO Maher Maksoud told the news service. The one-month auction for the land, one of Egypt's largest since 2007, began in late June. Sodic plans to deliver about 300 homes in the upscale Allegria project by the end of 2010 and 600 homes in 2011.
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StaffWednesday, July 28 - 2010 at 10:35 UAE local time (GMT+4)
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