Real Estate Projects

Will Aldar Properties Abu Dhabi take over Sodic?

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.

Learn More

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!

Amany Morad

Amany Morad is a Senior SEO Specialist at www.nawy.com. With a background in hospitality, theater, and real estate; Amany enjoys writing about interesting topics. When she's not working, you'll probably find her scuba diving, acting, or travelling. Read more of her latest articles on https://www.nawy.com/blog

Recent Posts

Buy Property in Egypt for Foreigner: A Thorough Guide

The real estate industry has been in an unparalleled evolving state for a while now,…

2 weeks ago

5 FAQs on Hyde Park 6th Settlement: Master Plan, Prices & More

Before diving into the Hyde Park 6th Settlement master plan, let's ask you some questions.…

3 weeks ago

All Your Real Estate FAQs Answered

Real estate development is a very wide field with many elements, resources, terms, and figures.…

3 weeks ago

List Property for Rent: A Comprehensive Guide

Real estate investment is a tough decision, but with boundless advantages! One of them is…

4 weeks ago

Hisham Talaat Moustafa Profile & Success Story

One of the leading real estate development companies, TMG, is led by a one-of-a-kind creative…

4 weeks ago

What You Need To Know About Ramadan Ads 2025

Ramadan is known to be the month of joy and happiness, and with Ramadan's beginning,…

1 month ago