Browse
related articles
SODIC to increase investments in 2013
- Egypt: Tuesday, April 02 - 2013 at 08:27
Egypt's Six of October Development and Investment (Sodic) has said its net sales in 2012 reached EGP1.6bn ($235.19m) and will increase investments to EGP900m this year, up from EGP800m in 2012, as demand for its upmarket housing units stayed strong despite a weak economy, Reuters has reported. The developer hopes to maintain last year's sales momentum as demand for upmarket residential units remains strong despite a weak economy, said Sodic's managing director, Ahmed Badrawi. "Underlying demand is generally strong," Badrawi said. "It's an inflationary environment. People want to pick up assets. Real estate you can pick with relative low payment terms," he said.
Related Content
Article Options
Disclaimer »
The information comprised in this section is not, nor is it held out to be, a solicitation of any person to take any form of investment decision. The content of the AMEinfo.com Web site does not constitute advice or a recommendation by AME Info FZ LLC / 4C and should not be relied upon in making (or refraining from making) any decision relating to investments or any other matter. You should consult your own independent financial adviser and obtain professional advice before exercising any investment decisions or choices based on information featured in this AMEinfo.com Web site.
AME Info FZ LLC / 4C can not be held liable or responsible in any way for any opinions, suggestions, recommendations or comments made by any of the contributors to the various columns on the AMEinfo.com Web site nor do opinions of contributors necessarily reflect those of AME Info FZ LLC / 4C.
In no event shall AME Info FZ LLC / 4C be liable for any damages whatsoever, including, without limitation, direct, special, indirect, consequential, or incidental damages, or damages for lost profits, loss of revenue, or loss of use, arising out of or related to the AMEinfo.com Web site or the information contained in it, whether such damages arise in contract, negligence, tort, under statute, in equity, at law or otherwise.
