Sodic to invest $40.5m at Syria's Palmyra
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Sodic to invest $40.5m at Syria's Palmyra

Sodic to invest $40.5m at Syria's Palmyra

Egyptian developer Sodic has announced it will acquire 50% of Syrian real estate firm Palmyra worth $40.5m. Palmyra, a subsidiary of the MAS Economic Group, plans to launch a housing project on a 500,000 square metre plot near Damascus in the first half of 2011, Sodic said. The project is currently in its master-planning phase and is planned to be a residential project with commercial components.

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