The Sixth of October Development and Investment Company (SODIC) has announced that its partnership contract with the New Urban Communities Authority (NUCA) regarding the development of a 500-feddan plot of land in the New Sheikh Zayed City and the masterplan of the project will be amended.
SODIC received a letter from the Ministry of Housing, Utilities, and Urban Communities that NUCA will adjust the location of the company’s plot of land in the New Sheikh Zayed City in a way that preserves the nature and all components of the project and maximizes the benefit from these changes.
The new allocated plot is beside the original one and is estimated at 440 feddan, but with a higher efficiency that should allow for an increase in sellable built-up area without compromising the project’s features. The new land plot also enjoys better connectivity with the infrastructure and projects being developed in the area.
SODIC is working closely with NUCA and all stakeholders to amend the partnership agreement and update the masterplan to reflect the land plot adjustment and will provide timely updates on any new developments.