Sixth of October Development & Investment Company S.A.E. “SODIC” announced that Tabrook Development Company S.A.E, SODIC’s wholly-owned subsidiary, has signed a partnership agreement with Shahin Owners’ Union, represented by Mr. Alhassan Tarek Salem, for a 280-acre land plot on the Mediterranean North Coast. The land plot is located at Kilometre 92 Marsa Matrouh - Alexandria road, eight kilometres east of “Caesar”, North Coast destination. Under the terms of the agreement, the landowner is entitled to fixed payments of EGP 2.7 billion to be paid over 12 years in addition to a variable component of 15% of the cash collections generated from projects on the plot, with no minimum guarantee.