Bloomberg News

Sodic Granted 6 Months to Obtain West Cairo Building Permits

October 11, 2011

Oct. 11 (Bloomberg) -- Six of October Development & Investment Co., an Egyptian luxury real-estate developer also known as Sodic, said a government agency has allowed it six- months to obtain building permits for its land in west Cairo.

The agency known as the New Urban Communities Authority is still reviewing the three-year development schedule for the 19- percent portion of the undeveloped land, Sodic said in a filing to the Egyptian bourse today.

To contact the reporter on this story: Ahmed A Namatalla in Cairo at anamatalla@bloomberg.net

To contact the editor responsible for this story: Mahmoud Kassem at mkassem1@bloomberg.net


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