SODIC’s Kattameya Plaza Sales Hit EGP 120 Mln In 9 Months

Six of October Development & Investment Company – SODIC – (OCDI.CA) has reported total sales of its flagship Kattameya Plaza residential project of EGP 120 million during the first nine months of 2012.

Sources from SODIC told Amwal Al Ghad that Kattameya Plaza residential project consists of 41 residential buildings, 658 apartments on a total land area of 126.000 m2. The project is expected to finish by the end of 2014, the sources noted.

The sources further added that SOREL (99% owned by Sixth of October Development & Investment Company – SODIC) has signed a contract with the Arab Investment Bank (AIB) signed a contract over credit facilities of EGP 120 million.

Such credit facilities will be used to finance the establishment of Kattameya Plaza. Amwal Al Ghad earlier reported exclusively that SODIC requested such finance last July from AIB. The three-year term finance is the first to be received by SODIC from AIB.