Redcon Properties
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.
- Company typePrivate
- Founded2019
- HeadquartersCairo, Egypt
- Headcount101–250
- GTM typeB2B
- OfferingServices
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.
Redcon Properties firmographics
Firmographics- 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
Redcon Properties industry classification
Industry- 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
Where Redcon Properties is headquartered
LocationHeadquarters
- HQ city
- Cairo
- HQ country
- Egypt
- HQ region
- Africa
Offices1 record
Markets served
Redcon Properties business model
Business model- GTM type
- B2B
- Offering type
- Services
- Cost components
- Supply Chain, Operations, Personnel, Marketing or Sales, Technology or R&D
Revenue model
- 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.
- 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.
- 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
| Model | Billing | Price |
|---|---|---|
| Unit Pricing | Pay-as-you-go | Commercial and Retail Units - Quote-based pricing |
Go-to-market motion1 record
Distribution channels3 records
Marketing channels6 records
Redcon Properties product offering
Product offeringCore 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
Companies that use Redcon Properties
Customer profileNamed customers2 records
Segments4 records
Ideal customer profiles2 records
Redcon Properties technology and API
TechnologyTechnology focussed No
API detail
- Has API
- No
- API docs
- API detail
Core technology
AI maturity
App detail
Feature6 records
Redcon Properties partnerships and signals
Strategic signalPartnerships
Twelve partnerships are on record, tiered major, core and supporting.
- Bonyan for Development and TrademajorBonyan 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 ElectriccoreTwo 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)majorLeasing 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.
- DCarbonsupportingSustainability development consultancy supporting Golden Gate project in achieving EDGE certification and implementing sustainable development principles.
- Eco StrategiessupportingSustainability consultancy providing support for sustainable development and green building certification for Golden Gate project.
- WATG (London)supportingConcept design partner for Golden Gate project from WATG office in London, providing architectural design expertise.
- SWAsupportingLandscape design consultant for Golden Gate project providing expertise in outdoor and green space design.
- SavillssupportingGlobal real estate consultancy providing advisory services for Golden Gate project.
- JLL (Jones Lang LaSalle)supportingReal estate services and investments management partner for Golden Gate project.
- Hill InternationalsupportingFacility management consultant for Golden Gate project.
- HoneywellcoreMoU 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 ElectriccoreMoU 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
Redcon Properties competitors and assessment
Company assessmentEmerging 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
Redcon Properties social profiles
Digital presenceRedcon Properties compliance and trust
Trust signalCompliance3 records
Redcon Properties financial estimates
Financial estimateRevenue estimate
Valuation estimate
Redcon Properties leadership team
Management profileNumber of profiles
Profiles2 records
Redcon Properties funding detail
Funding detailFunding overview
Funding rounds1 record
Investors1 record
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
Redcon Properties M&A and investment
M&A and investmentM&A
Investments
M&A and investment is available on the Subscription and Enterprise plan.Contact sales →
Frequently asked questions about Redcon Properties
What does Redcon Properties do?
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.
Is Redcon Properties a public or private company?
Redcon Properties is a private company. It is classified as family owned and is currently operating.
When was Redcon Properties founded?
Redcon Properties was founded in 2019. It employs 101 to 250 people.
Where is Redcon Properties based?
Redcon Properties is headquartered in Cairo, Egypt, in the Africa region.
How does Redcon Properties make money?
Three revenue lines are on record. Real Estate Sales are the primary driver. The others are commercial Leasing and factoring Facility.
Who are Redcon Properties's main competitors?
Marakez is listed as an emerging player. Amer Group is listed as a broad incumbent. Direct peers are Hassan Allam Properties, Tatweer Misr, Madinet Nasr Housing & Development (MNHD), SODIC, Palm Hills Developments, Ora Developers, Mountain View (DMG) and Emaar Misr.
Does Redcon Properties have an API?
No public API is recorded for Redcon Properties.
What industry is Redcon Properties in?
Redcon Properties's product category is Real Estate Development. Its primary akta.pro industry code is IMAFACAB, Retail & Mixed-Use Commercial Construction, with a secondary code of BPAJACAC, Flex / R&D Industrial Space Brokerage. Its NAICS code is 236117 and its SIC code is 6552.