Overview

SODIC KPI'S SINCE INCEPTION

As of year-end 2016

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Sixth of October Development and Investment Co. (SODIC) is one of Egypt’s leading listed real estate developers. We specialise in developing large-scale, master-planned communities that cater to the country’s ever-growing need for high quality residential, commercial, and retail property.

SODIC came into being in 1996 having been founded as a publicly listed company, which has since been traded on the Egyptian Exchange (EGX). SODIC is one of the few non-family owned companies traded on the EGX, with robust institutional foundations and a strong corporate governance framework.

SODIC has been delivering award-wining developments for two decades, pioneering the establishment of expansive mixed-use communities across new urban suburbs on the outskirts of Cairo. Our meticulously planned, spacious developments on both the west and east sides of Cairo continue to stand at the forefront of the increasing market demand for relocation away from the ever-congested central Cairo.

Building on our solid foundations in Cairo, SODIC’s expansion into the second homes market in 2015 has been very well received and marks the beginning of our strategy for further growth across new geographies and real estate segments.

In March of 2016, we signed our first revenue-sharing agreement with Heliopolis Housing, effectively giving SODIC access to 2.7 million square meters of land in New Heliopolis, one of the most up-and-coming locations in East Cairo. Our outlook for expansion across new revenue streams is bolstered by our solid track record of delivering on our commitments, which has positioned us as one of the most reputable real estate developers in Egypt with strong brand equity.

At SODIC, our goal is to create not merely world-class real estate developments but vibrant, integrated communities with a balance of residential, recreational, and business amenities and activities. SODIC is in the business of creating Human Developments – holistic communities that aim to facilitate our clients’ daily activities and improve their overall quality of life.

The human side of SODIC’s endeavours extends beyond our business objectives as we actively pursue several avenues for the betterment of the societies in which we operate. SODIC’s corporate social responsibility efforts focus on promoting education opportunities for the less privileged, rehabilitating impoverished areas, and taking part in a number of relief initiatives. SODIC is also a proud supporter of the arts and a champion of sports — both forming integral parts of our communities that also serve as important channels for giving back to the societies in which we operate.