Egypt SODIC’s unit inks $163mln facility deal with AAIB

Egypt SODIC’s unit inks $163mln facility deal with AAIB

Egypt SODIC's unit inks $163mln facility deal with AAIB SODIC sold 1,500 units in the Villette Project    Cairo -  Six of October Development and Investment (SODIC) announced that its subsidiary SOREAL For Real Estate Investment signed a medium-term facility package worth EGP 2.57 billion with the Arab African International Bank (AAIB).The facility will finance the construction works of Villette Project in New Cairo, including the implementation of Villette Sports Club, according to a bourse disclosure on Sunday.In 2014, SODIC launched Villette Project over an area of 301 feddans. Since the first phase of handover in 2018, the company has delivered 600 units.The facility will finance the construction works of Villette Project in New Cairo, including the implementation of Villette Sports Club, according to a bourse disclosure on Sunday.Cairo -