Cairo – Mubasher: Sixth of October for Development and Investment (SODIC) on Monday announced plans to raise EGP 8.7 billion from contracts in 2018.
Over the course of this year, the real estate developer forecasts delivering 1,048 units at a total value of EGP 3.9 billion, according to a statement to the Egyptian Exchange (EGX).
Moreover, the Egypt-based firm said it would invest around EGP 4.13 billion in 2018, including installments of land plots.
In December, SODIC said that it was seeking to generate around EGP 57.8 billion in revenues from its projects within 10 years.
SODIC last reported net profits of EGP 166.2 million in the third quarter of 2017 up from EGP 108.7 million in the same period a year earlier.
