Egypt's Sixth of October Development and Investment (Sodic) has announced that it has signed a deal to build an Angsana resort near Cairo with an estimated investment of $17.9m. The resort would include a 100-room hotel, a spa and clubhouse, and would cover more than 31,000 sqm in the high-end Allegria development west of Cairo. The resort is due to open in 2012 and would be managed by Banyan Tree Hotels and Resorts, a Sodic spokeswoman has said.