SODIC Developments is one of the most established real estate development companies and one of the largest listed names on the Egyptian Stock Exchange, founded in 1996 by businessman Magued Sherif Rasekh, previously known as Sixth of October Development and Investment Company (SODIC), accumulating nearly three decades of experience that has cemented its position as a maker of fully integrated urban communities rather than a traditional developer.
Throughout its journey, the company has delivered more than 10 mega projects spread across Sheikh Zayed, New Cairo, Mostakbal City, New Heliopolis, and the North Coast, spanning residential, commercial, administrative, and coastal segments, with prices starting from around EGP 6.6 million and reaching luxury coastal units, remaining a preferred destination for those seeking upscale living and secure investment.
SODIC Developments is an Egyptian joint-stock company listed on the Egyptian Stock Exchange under the ticker OCDI, representing a continuation of Sixth of October Development and Investment Company, from which the journey began in 1996.
The story began with the company’s acquisition of its first major plot of land in Sheikh Zayed, aiming to develop West Cairo according to international standards. A year later, it converted into a joint-stock company with thousands of shareholders, establishing a financial base that enabled it to execute major projects meeting local market demand.
The company did not limit itself to pioneering West Cairo, but expanded strategically toward East Cairo and New Cairo, before entering the coastal resort sector in the North Coast starting in 2015.
Throughout its history, the company’s activities have expanded to include residential, commercial, administrative, medical, and coastal development, alongside property sales, leasing, and management, as well as managing sports and recreational facilities, driven by a vision that sees great untapped potential in Greater Cairo’s suburbs.
The company’s founding is credited to businessman Magued Sherif Rasekh, who from the outset focused on building a management, engineering, and financial team capable of turning vision into communities on the ground.
This institutional foundation, alongside the stock’s active trading, has helped cement SODIC’s reputation as one of the most trusted developers in the Egyptian market, and made its projects a benchmark for quality in the new cities.
SODIC’s success rests on a corporate governance structure that combines regional and international expertise in real estate investment with specialized local executive talent, giving the company depth in decision-making and clarity in strategic direction.
The board of directors and executive management include a select group of prominent names in the Egyptian and Gulf real estate sectors, including:
The specialized executive management overseeing the company’s sectors includes Yasser El Said for Projects, Ahmed El-Halwany for Development, Heba Makhlouf for Investment, Omar Al Hamawi for Finance, and Nadine Okasha for Strategy, Brand, and Sustainability, alongside Hesham Salah for Information Technology and Ahmed Samir for Human Resources, ensuring full coverage of every aspect of real estate development.
SODIC’s philosophy stems from a simple yet profound idea: that a developer sells a lifestyle, not merely a housing unit. Accordingly, the company focuses on low-density planning that gives residents the highest degree of privacy, allocating the largest share of its project areas to green spaces and landscaping.
To achieve this standard, the company collaborates with international design firms and consultants, translating contemporary architectural character into details that serve everyday life within each community.
SODIC also places commitment to delivery deadlines and execution precision at the core of its priorities, knowing that the ability to deliver units on time or ahead of schedule is one of the most important factors in maintaining client trust.
SODIC seeks to be the leading developer offering a fully integrated lifestyle, by seizing opportunities in suburbs and new urban areas and transforming them into vibrant communities that offer luxury and security, redefining the concept of modern living in Egypt by 2030.
SODIC witnessed one of its most significant strategic milestones when a powerful Emirati alliance entered its ownership structure, as Aldar Properties and Abu Dhabi Developmental Holding Company (ADQ) acquired a majority stake in the company, transforming SODIC into a key arm of Aldar’s expansion in the Egyptian market.
This alliance has given the company financial strength and institutional expertise in community development and real estate asset management.
According to announced figures, the deal was valued at around EGP 6.1 billion for a stake of approximately 85.52% of the company’s capital, a move described at the time as one of the largest foreign investments in the Egyptian real estate sector.
Alongside its ownership partnership, SODIC collaborates with global firms of expertise in design and operations, including the global EDSA office for planning one of its flagship residential projects, and the NOBU hospitality brand for managing the hotel component of one of its coastal destinations, reflecting the company’s openness to the finest international standards.
For inquiries about new partnerships and investment opportunities with SODIC, you can reach the SODIC hotline at +201118183030 and get detailed information from the sales team.
SODIC holds an extensive track record spanning from West Cairo to the North Coast, combining residential, commercial, administrative, and coastal projects, reflecting its ability to execute and deliver across different cities. The table below outlines the company’s most notable projects, their locations, and status:
| Project | Location | Type | Area | Status |
|---|---|---|---|---|
| SODIC Eastvale | Mostakbal City | Residential | 500 feddans | Under Development |
| Beverly Hills Compound | Sheikh Zayed | Residential | 2,100 feddans | Ongoing Deliveries |
| Ogami Village Ras El Hekma | North Coast | Coastal | 440 feddans | Under Development |
| June SODIC Village | North Coast | Coastal | 280 feddans | Delivery 2025 – 2028 |
| SODIC East Compound | New Heliopolis | Residential | 655 feddans | Under Development |
| Westown | Sheikh Zayed | Residential / Commercial | — | Delivered |
| Eastown | New Cairo | Residential / Commercial | — | Delivered |
| Villette | New Cairo | Residential | — | Delivering |
| VYE | New Zayed | Residential | 500 feddans | Under Development |
| Caesar | North Coast | Coastal | — | Delivered |
This track record reveals striking geographic and product diversity, as the company moves steadily from the capital and its suburbs to coastal destinations, maintaining a single identity built on vast green spaces.
Below is an overview of SODIC’s most notable projects available on our website in Mostakbal City, Sheikh Zayed, the North Coast, and New Heliopolis, organized by city.
SODIC Eastvale Compound is located in Mostakbal City near the Administrative Capital and the Fifth Settlement, offering an upscale, low-density residential experience with a world-class design by EDSA, spanning 500 feddans, with diverse units including apartments, townhouses, and villas priced from around EGP 9.3 million.
The project is one of the company’s newest offerings in East Cairo and one of its most attractive for housing and investment.
Beverly Hills Compound is one of SODIC’s most established communities in Sheikh Zayed, spanning a vast area with most of it allocated to green spaces and landscaping, offering a calm, fully serviced environment.
The project offers diverse units including apartments, duplexes, townhouses, and standalone villas, priced from around EGP 6.6 million, and is distinguished by its proximity to Dahshur Road, Mall of Egypt, and Mall of Arabia.
Ogami Village Ras El Hekma is among the company’s newest luxury coastal destinations, featuring contemporary European architectural design and a hospitality component managed by NOBU, spanning 440 feddans, where only a small portion is built up in favor of green spaces and lagoons, priced from around EGP 22 million. The village combines a world-class tourism character with investment opportunities in the heart of Ras El Hekma.
June SODIC Village completes the company’s presence in Ras El Hekma with a coastal experience inspired by Miami’s atmosphere, spanning 280 feddans, with the largest share allocated to green and water features, priced from around EGP 27 million. The village offers chalets, townhouses, and villas with the highest possible level of privacy.
SODIC East Compound is one of the company’s largest projects in East Cairo, located in New Heliopolis, spanning 655 feddans near the Suez Road, the Administrative Capital, and the Fifth Settlement. The project offers a fully integrated residential experience with a smart design that ensures privacy, offering diverse units priced from around EGP 28 million.
To inquire about the latest prices, installment schedules, and to book a viewing for any of SODIC’s projects, you can contact the SODIC sales number at +201118183030.
Investors in SODIC’s portfolio will find a number of factors that add to its appeal, including:
To get the latest information on SODIC’s projects, you can contact the specialized sales team to inquire about prices, book viewings, and learn about payment plan details. Call now at:
SODIC’s sales team offers a free real estate consultation that includes a quick analysis of the client’s needs and budget, recommending the most suitable project from the company’s portfolio, alongside providing on-site viewings of available units and presenting all financing and payment alternatives.
SODIC Developments combines nearly three decades of experience, ownership backed by a powerful regional alliance, and a diverse portfolio spanning from the heart of Sheikh Zayed and New Cairo to the finest North Coast destinations, with a commitment to quality and on-time delivery.
For inquiries about the latest prices, available areas, and installment schedules, you can contact the SODIC sales number at +201118183030 and receive a comprehensive real estate consultation along with an on-site viewing of the units.
