Aldar Properties – based in Abu Dhabi- is halfway through its process on an offer to buy a majority stake in Egypt’s Sixth of October for Development & Investment (SODIC). Earlier this year, Aldar submitted an introductory non-binding offer to buy a minimum of 51 percent stake in Sodic . The deal values the Egyptian company at about $420m. Aldar has been looking to expand abroad as it faces limited growth prospects in the United Arab Emirates. It is also looking for additional opportunities in Egypt, the Arab world’s most populous country.
The offer for the Egyptian developer, known as Sodic, is but one of several opportunities Aldar Properties is looking at in Egypt. The Non-Egyptian developer thinks it’s one of the most lucrative and attractive real estate markets in the Middle East.
For the latest updates on Sodic, reach out to us on #AskNawy or call us on +201022088888
Moreover, if you wish to know more about what’s available in the real estate market, you can visit our website Nawy. Take a look at our wide selection of exclusive homes!
Trying to figure out how to organize a home office like a pro? You're not…
Searching for the best fitness center with the best equipment and classes? Whether you are…
Once again, Nawy is making headlines with a brand new acquisition in a lucrative market.…
Have you heard about Marassi Red Sea and been wondering about its details? Building on…
The temperature keeps going up, and summer's heat waves are becoming unbearable. Bringing your beach-loving…
The sun is blazing over Cairo, but you’re not stuck indoors or on a crowded…