Redcon Properties

What Redcon Properties does

Redcon Properties is a Cairo-headquartered private real estate development company established in 2019 as the development arm of the Redcon Group, focused on sustainable mixed-use communities in Egypt. Its flagship project, Golden Gate, is a 160,000-square-meter development in New Cairo spanning 1.25 kilometers along South 90th Street, comprising 29 buildings across five districts (East Gate, West Gate, East Village, West Village) with approximately 100,000 sqm of commercial space, 100,000 sqm of administrative office space, a luxury shopping zone with 400+ stores, and underground parking for up to 8,000 vehicles. The company is investing up to EGP 20 billion in Golden Gate and reported EGP 11 billion in sales for 2023 after achieving EGP 1 billion in its first nine months of operations.

The underlying technology stack integrates Schneider Electric's EcoStruxure building management platform and AVEVA Unified Operations Center for centralized facility monitoring, IoT-enabled energy and water management, elevator/escalator control, and irrigation systems. Sustainability features include double-glazing facades, rooftop solar panels, greywater recycling, rainwater harvesting, drought-resistant landscaping, and the proprietary BMI-6D sustainability management model. Five Golden Gate buildings (A1-A5) have received EDGE Advanced Preliminary Certification from the IFC, achieving 47-54% energy savings and 44% water savings.

Redcon Properties generates revenue primarily through one-time real estate sales of commercial and administrative units, supplemented by recurring commercial leasing income from 50+ contracted international brands. Distribution is direct via on-site sales offices and the corporate website, supported by global real estate consultancies Savills and JLL. The company is led by Chairman Eng. Tarek ElGamal (41 years of industry experience, elected to the UN Global Compact Board) and CEO Eng. Ahmad Touni, with capital structured through debt facilities including a first-of-its-kind EGP 925 million syndicated factoring arrangement and an EGP 4.2 billion syndicated loan led by FABMISR.

Name

Redcon Properties

Legal name

Redcon Properties

Website

https://redconproperties.com

Company type

Private

Founded year

2019

Operating status

Operating

Headcount range

101–250 employees

Short description

Redcon Properties is a Cairo-based private real estate developer building sustainable mixed-use communities in Egypt. Its flagship Golden Gate project in New Cairo spans 160,000 sqm with 29 buildings, 400+ retail stores, and EDGE Advanced-certified smart building infrastructure serving enterprises, international brands, and real estate investors.

Ownership category

akta.pro rank

Product category

Real Estate Development

NAICS

New Housing For-Sale Builders (236117), Residential Building Construction (23611), Other Building Material Dealers (44418), Home Centers (444110)

SIC

Land Subdividers & Developers (No Cemeteries) (6552), Retail-Lumber & Other Building Materials Dealers (5211), Real Estate Dealers (For Their Own Account) (6532)

akta.pro primary industry

Retail & Mixed-Use Commercial Construction (IMAFACAB)

akta.pro secondary industry

Flex / R&D Industrial Space Brokerage (BPAJACAC)

Keywords

• Mixed-use real estate development
• Sustainable building development
• Commercial property development
• Residential property development
• EDGE certified buildings

Headquarters

HQ city

Cairo

HQ country

Egypt

HQ region

Africa

Offices1 record

Markets served

GTM type

B2B

Offering type

Services

Cost components

Supply Chain, Operations, Personnel, Marketing or Sales, Technology or R&D

Revenue model

1. Real Estate Sales: Sale of mixed-use properties including commercial and administrative units. The company achieved EGP 1 billion in sales in its first nine months of operations and EGP 11 billion in 2023 sales, demonstrating strong transaction-based revenue generation from property sales.
2. Commercial Leasing: Leasing of commercial units and office spaces to international brands and businesses. The company has contracted with 50+ international trade brands and finalized leasing agreements with 400+ stores, generating recurring rental income.
3. Factoring Facility: First syndicated factoring deal in Egypt worth EGP 925 million arranged by Beltone Leasing and Factoring, providing financial support for project financing and accelerating construction pace.

Pricing tiers

Go-to-market motion1 record

Distribution channels3 records

Marketing channels6 records

Core offering

Redcon Properties develops and sells mixed-use real estate developments in Egypt, anchored by its flagship Golden Gate project in New Cairo — a 160,000 sqm sustainable community of 29 EDGE Advanced certified buildings combining commercial, residential, hospitality, and retail space. The company markets units directly to property investors, owner-occupiers, and commercial tenants including international retail brands, generating revenue through unit sales and commercial leasing.

Product overview

Redcon Properties is a real estate development company specializing in mixed-use sustainable communities. The company's core product is the Golden Gate project, a 160,000 square meter mixed-use development in New Cairo comprising five distinct districts: East Gate, West Gate, East Village, and West Village, featuring commercial, administrative, retail, and entertainment spaces. The Golden Gate project integrates sustainable building practices and smart building technologies through partnerships with Schneider Electric (AVEVA software) and Honeywell. The company also offers career opportunities through internship and job programs across various departments.

Differentiator

Problem solved

Functional benefit

Products and services

• Golden Gate A 160,000 sqm mixed-use development in New Cairo comprising 29 EDGE Advanced certified buildings combining residential, retail, hospitality, and office space. Targeted at property investors, owner-occupiers, and commercial tenants including international retail brands. Reported sales of 1,200 units in 2023 and 500 units in the first nine months of 2024, with total project investment of EGP 20 billion.

Quantifiable outcome

• 53% energy savings and 44% water savings achieved in EDGE certified buildings
• +4 more outcomes

Named customers2 records

Segments4 records

Ideal customer profiles2 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature6 records

Partnerships

Twelve partnerships are on record, tiered major, core and supporting.

• Bonyan for Development and TrademajorChannel Partner/ Reseller/ Distributor · 24 May 2024Bonyan acquired its eighth commercial real estate asset in Golden Gate - a Grade A office building with 6,888 SQM BUA. Bonyan is the leading Real Estate Investment company in Egypt acquiring and managing commercial assets.
• Schneider ElectriccoreTechnology or Integration · 7 November 2022Two MoUs signed at COP27: (1) Building smart buildings using EcoStruxure platform for control of electricity, HVAC, water, gas, data centers, and security systems; (2) Using BMI-6D model for sustainability management in project design. Golden Gate rooftops covered in solar panels.
• Fashion International Group (FIG)majorChannel Partner/ Reseller/ Distributor · 7 September 2022Leasing agreement for 18 international leading franchised brands at Golden Gate project. FIG brings high-end fashion and retail stores to complement the Golden Gate mixed-use development concept of outdoor street retail experience.
• DCarbonsupportingStrategic or Co-development Partner · 7 September 2022Sustainability development consultancy supporting Golden Gate project in achieving EDGE certification and implementing sustainable development principles.
• Eco StrategiessupportingStrategic or Co-development Partner · 7 September 2022Sustainability consultancy providing support for sustainable development and green building certification for Golden Gate project.
• WATG (London)supportingImplementation/ SI/ Consulting Partner · 7 September 2022Concept design partner for Golden Gate project from WATG office in London, providing architectural design expertise.
• SWAsupportingImplementation/ SI/ Consulting Partner · 7 September 2022Landscape design consultant for Golden Gate project providing expertise in outdoor and green space design.
• SavillssupportingImplementation/ SI/ Consulting Partner · 7 September 2022Global real estate consultancy providing advisory services for Golden Gate project.
• JLL (Jones Lang LaSalle)supportingImplementation/ SI/ Consulting Partner · 7 September 2022Real estate services and investments management partner for Golden Gate project.
• Hill InternationalsupportingImplementation/ SI/ Consulting Partner · 7 September 2022Facility management consultant for Golden Gate project.
• HoneywellcoreTechnology or Integration · 30 May 2022MoU for smart community and sustainability solutions at Golden Gate. Honeywell to provide smart city, community and sustainability solutions along with consultation services for the 160,000 sqm mixed-use development in New Cairo.
• Schneider ElectriccoreTechnology or Integration · 7 December 2021MoU signed at COP28 to integrate AVEVA software solutions into Golden Gate's operating systems. Schneider Electric provides the unified operations center for secure visualization of enterprise-wide operations, asset modeling, and management of energy/water consumption and irrigation systems. Investment worth EGP 20 billion from Redcon Properties.

Scale indicators16 records

Recent moves7 records

Expansion highlights5 records

Emerging players

• Marakez: Egyptian developer of integrated mixed-use retail and commercial destinations (e.g., District 5, Kattameya Gate). Comparable commercial-focused mixed-use model, particularly relevant given CFO Mohamed El Shenawy's prior tenure at Marakez.

Broad incumbents

• Amer Group: Diversified Egyptian conglomerate developing large mixed-use communities (e.g., O West) and broader hospitality/real estate holdings. Comparable scale and Cairo focus with a wider portfolio across price points.

Direct peers

• Hassan Allam Properties: Egyptian developer arm of Hassan Allam Construction, focused on premium mixed-use developments (e.g., Soul, The Med, Hakuna Matata). Closest structural analog as a construction-firm-backed developer with similar heritage-based execution capability.
• Tatweer Misr: Egyptian developer of large mixed-use master-planned projects including Fouka Bay, Bloomfields, and Celia in New Cairo and the North Coast. Comparable premium mixed-use community model.
• Madinet Nasr Housing & Development (MNHD): Long-established Egyptian developer of mixed-use and residential communities in Cairo, including Taj City and Sarai. Comparable in scale and New Cairo / Greater Cairo focus.
• SODIC: One of Egypt's leading listed mixed-use real estate developers, with flagship projects in New Cairo and Sheikh Zayed. Comparable in targeting premium commercial/administrative and residential mixed-use communities for sale and lease.
• Palm Hills Developments: Major Egyptian developer with multiple mixed-use and residential master-planned communities in New Cairo, 6th of October, and the North Coast. Competes for the same premium customer base and institutional capital.
• Ora Developers: Egyptian developer backed by Naguib Sawiris, focused on high-end mixed-use and resort developments (e.g., ZED, Pyramids Heights, Silver Sands). Comparable premium positioning and sustainability focus.
• Mountain View (DMG): Egyptian developer known for resort-style and mixed-use master communities (e.g., Mountain View iCity, Hyde Park). Comparable premium mixed-use positioning with strong brand-led leasing and sales strategy.
• Emaar Misr: Egyptian arm of Emaar Properties, developing large-scale mixed-use and master-planned communities (e.g., Marassi, Uptown Cairo, Cairo Gate) in similar New Cairo and coastal corridors. Most comparable direct competitor in scale and mixed-use positioning.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat4 records

Key risks6 records

Key highlights7 records

Customer concentration

• Xx.com/RedconP
• YouTubeyoutube.com/channel/UCZSmwNjnKsV1n5cFmaMgAQQ
• Facebookfacebook.com/redcon.properties
• LinkedInlinkedin.com/company/redconproperties
• Instagraminstagram.com/redcon.properties
• TikToktiktok.com/@redcon.properties

Compliance3 records

Revenue estimate

Valuation estimate

Number of profiles

Profiles2 records

Funding overview

Funding rounds1 record

Investors1 record

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Redcon Properties