Egypt Court Rules In SODIC’s Favour In Eastown Case

By Yomna Yasser On Apr 7, 2013

Sixth of October Development and Investment Company (SODIC) (OCDI.CA) announced that An Egyptian court accepted SODIC’s Urgent Request to suspend NUCA’s decision to revoke the Eastown plot from SODIC.

SODIC added in a relese that as previously announced, the hearing of the State Council was held on 6th of April 2013 and a decision was issued in SODIC’s favour.

Sodic satated that ” This entails returning full legal land ownership and affirming SODIC’s right to develop the Eastown plot until the case is judged on its merits. Decision is extremely positive and allows SODIC to commence development on Eastown land. “