الرئيس التنفيذي
أشرف الحادي

رئيس التحرير
فاطمة مهران

Golden Gate’s Cumulative Sales Reach EGP 23 Billion as REDCON Properties Sets New Industry Benchmark

REDCON Properties, a subsidiary of REDCON Group, has announced record-breaking sales for 2024, reaching EGP 12 billion, bringing its cumulative sales to EGP 23 billion since the launch of the Golden Gate project in 2022.

Golden Gate has maintained its position as the top-selling mixed-use development in East Cairo, reaffirming its status as one of Egypt’s premier real estate projects. This success is attributed to customer confidence in REDCON Group’s extensive expertise in construction and real estate development, alongside Golden Gate’s exceptional competitive advantages that set it apart in the market.

“The remarkable sales growth of Golden Gate is a testament to our ability to deliver real estate projects that meet market needs while also serving as a benchmark for sustainable architecture,” Eng. Tarek El-Gammal, Chairman of REDCON Properties. “Moving forward, we remain committed to developing similar projects that add value to Egypt’s real estate sector while ensuring the timely execution of Golden Gate as per the established schedule”.

“We invested EGP 5 billion in 2024 to accelerate Golden Gate’s development, achieving remarkable progress in construction and initiating the handover of the first phase to our clients. In 2025, we plan to increase our investments to EGP 7 billion to inaugurate the first phase by the third quarter while aiming to achieve EGP 18 billion in sales by year-end.” He added.

Launched in 2022, Golden Gate is a landmark mixed-use development spanning 160,000 square meters in the heart of New Cairo, with total investments of EGP 20 billion. The project features 29 buildings, comprising commercial and administrative spaces, designed across five distinct zones within the development.

To bring this vision to life, REDCON Properties collaborated with a consortium of renowned consulting firms, including WATG London, SWA for landscape design, Dr. Amr Abdelrahman Consulting Engineers (AACE), Omran & Arc Vision for architectural design, and Eng. Hani Ali’s EMG, ensuring a design that seamlessly blends modernity with heritage, aligning with the surrounding urban fabric. Additionally, EHAF Consulting Engineers oversees construction supervision, while Polar Project Management is responsible for project management. Dr. Osama Aqil leads traffic and road planning, and Walker Consultants, one of the world’s leading firms in parking solutions, has designed Egypt’s largest indoor parking facility within Golden Gate, accommodating 8,000 vehicles.

Strategically located in the heart of New Cairo, Golden Gate boasts the largest frontage overlooking South 90th Street, directly opposite the American University in Cairo (AUC). The development offers a unique retail and entertainment experience, incorporating the walkable downtown concept, alongside sustainability-driven solutions that reduce energy consumption by 53% and water usage by 44% compared to traditional buildings.

Golden Gate stands as Egypt’s largest green mixed-use development, fully adhering to environmental sustainability standards across construction and operations, in alignment with the United Nations Sustainable Development Goals (SDGs). REDCON Properties has partnered with Intro Sustainable Resources to implement smart, sustainable energy solutions, integrating solar power as a key electricity source, thereby reducing the project’s carbon footprint. As a result of these efforts, Golden Gate has earned both the EDGE certification from the International Finance Corporation (IFC) and the Tarsheed certification from the Egyptian Green Building Council, making it the first commercial complex in Egypt to receive these combined sustainability credentials.

Related Posts

MPC decides to maintain key policy rates

EXPERIENCE FAIRMONT GOLD AT FAIRMONT DOHA, WHERE EXCEPTIONAL LUXURY IS PERSONALLY TAILORED

Governor of the Central Bank of Egypt Hosts Governor of the People’s Bank of China and Witness Signing of Three Memoranda of Understanding for Joint Cooperation

Saudi Arabia to Host 8th Global Health Exhibition in Riyadh, Spotlighting Investment and Innovation

Turkish Airlines is the Best Airline in Europe for the Tenth Time

Valu Receives Initial Approval from the Central Bank of Jordan to Launch Operations

Turkish Airlines is the Best Airline in Europe for the Tenth Time

Governor of the Central Bank of Egypt Hosts a Delegation from the European Bank for Reconstruction and Development to Explore Areas of Joint Cooperation

آخر الأخبار
حملة رقابية مشددة في إقليم كردستان لمصادرة دمية «لابوبو» المثيرة للجدل إذاعة جيش الاحتلال: 890 جنديا قتلوا منذ بداية الحرب على غزة ١١٠ مليون جنيه من جهاز تنمية المشروعات لتمويل المشروعات المتوسطة والصغيرة بنظام التأجير التمويلي البنك الأهلى المصرى يعلن انتظام العمل بكافة ماكينات الصراف الآلي إيهاب توفيق يطرح أغنية "حد شافنا" بتوقيع بهاء الدين محمد وعزيز الشافعى رئيس هيئة الرعاية الصحية: مصر تقدم نموذجًا رائدًا في إصلاح النظام الصحي محافظ البنك المركزي المصري يوقع مذكرة تفاهم مع نظيره الصيني لتعزيز التعاون المشترك بين الجانبين وزير الصحة يتابع مؤشرات الأداء بمستشفى العلمين النموذجي ويبحث التوسع في تنفيذ مشروعات السياحة الصحية التربية والتعليم تعلن فتح باب التقدم لمدارس التكنولوجيا التطبيقية والتعليم المزدوج ومراكز التميز هيئة الاعتماد والرقابة الصحية تطلق برنامجا تدريبيا لتأهيل مراجعين جدد استعدادًا للمرحلة الثانية من ا... وزير الإسكان يتابع موقف تنفيذ عددٍ من المشروعات السكنية والخدمات الملحقة بها بمدينة العبور الجديدة وزير الخارجية والهجرة يجرى اتصالًا هاتفيًا مع وزير خارجية ألمانيا - وزير الإسكان يتابع إجراءات تشغيل منطقة الأعمال المركزية بالعاصمة الإدارية الجديدة وزير الصناعة يجري جولة تفقدية موسعة بمشروعات مينائي الإسكندرية والدخيلة وزير الري يشهد فعاليات ورشة عمل "الإعداد لتحديث الكود المصري للري والصرف" الزراعة" تعلن ارتفاع الصادرات الزراعية المصرية إلى 5.8 مليون طن حتى الآن وزير التموين يلتقي مديرة المعهد الوطني للمترولوجيا والجودة والتكنولوجيا في البرازيل عمرو دياب يشعل حفل غنائي كبير ضمن فعاليات موسم جدة 2025 ياسمين الخطيب توجه رسالة لعمرو دياب ديانا هشام تحتفل بتخرجها وتوجه رسالة لـ أشرف زكي