SODIC Submits Highest Bid For A Land Plot In A Government Auction

Big 5

Six of October Development & Investment (SODIC)  (OCDI) announced, in a press release, that its fully owned company, SOREAL for Real Estate Development, submitted the highest financial bid for 301 acre land plot which was put forward by New Urban Communities Authority (NUCA) in an auction session held by NUCA on 28th of may.

The company added that SOREAL for Real Estate Development had received an official notification of the acceptance of its technical proposal from NUCA, and is expecting to receive the official documents awarding the land to the company in the coming weeks.

The 301 acre plot of land is strategically located in the heart of New Cairo directly off Road 90, a five minute drive from SODIC’s mixed-use development Eastown and The American University of Cairo’s new campus.
Source : Arab Finance