SODIC ready to participate in new administrative capital projects

SODIC - one of the country's leading real estate development companies - is ready to participate in the new administrative capital projects, SODIC's Managing Director Maged Sherif said.

In statements to MENA on Thursday, Sherif urged the government to revisit its policies on pricing lands for real estate companies.

The real estate sector in Egypt began to recover after a state of stagnation ensuing the January revolution in 2011, he said.

The Central Bank of Egypt's decision on 15 percent devaluation of the pound will encourage foreign investments in Egypt, he said.

He added that the real estate sector in Egypt is one of the most attractive sectors for foreign and national investments.