Solidiere to team up with Egypt's Sodic
Lebanese developer involved in the launch of two new Cairo projects
The Beirut-based company Solidiere International, with interests in the field of real estate development, has teamed up with Egyptian private developer Sodic to launch two new projects.
Westown in the Sheikh Zayed neighborhood along the Cairo-Alexandria desert road, and Eastown in the Kattameya area of New Cairo have both received government approval on their masterplans, and the consulting firm Dar Al-Handasah Shair and Partners has been contracted to provide infrastructure design.
Construction work is scheduled to start at the beginning of 2010.
In spite of the economic slowdown, Solidiere International has ploughed forward developing projects in the Arab world, with particular focus on the UAE and the Kingdom of Saudi Arabia, although projects in North Africa, Europe and the Mediterranean region are also planned.