29/09/2026
Innovo and Redcon Form a Powerful Alliance to Deliver a Sustainable Mixed-Use Community Worth EGP 12bn
In a strategic move set to elevate Egypt’s construction sector, Innovo Build and RedCon Construction have announced a partnership agreement to establish a joint alliance, combining international scale with deep-rooted local expertise.
As a milestone achievement for this collaboration, the alliance has won a competitive tender to execute infrastructure and contracting works for “DP03 East” package at “Wadi Yam” project in Ras El Hekma, North Coast—marking Modon Developments’ flagship project in Egypt—with a total value exceeding EGP 12bn.
The alliance secured the contract following intense competition with top-tier construction firms, driven by a superior technical proposal and the robust track record of both partners. Spanning a built-up area of 323,000 square meters, the project is scheduled for completion within a 21-month timeframe. The development encompasses over 660residential units, ranging from standalone villas to townhouses, alongside public service areas, scenic lakes, a commercial mall, extensive landscaping, and road paving.
This partnership brings together two industry giants to create an agile entity capable of managing complex engineering and logistical challenges according to the highest global standards of quality, safety, and operational efficiency. The collaboration leverages Redcon’slegacy of over 33 years in the Egyptian market and its ongoing regional expansion, combined with Innovo’s extensive international project delivery experience across four continents.
Beyond ex*****on, the alliance introduces advanced engineering insights and cutting-edge sustainable, eco-friendly construction techniques designed to minimize carbon footprints. This approach aims to boost efficiency across mega urban developments that form the backbone of Egypt’s modern renaissance.
Eng. Mohamed Gamal, Managing Director of Innovo Build, stated: "This alliance reflects Innovo’s commitment to transferring our global expertise and sustainable technologies to deliver a tangible value-add to the Egyptian market. Partnering with Redcon on a landmark project like Wadi Yam sets a benchmark for merging regional capabilities with local expertise, ensuring maximum efficiency and redefining excellence in mega-project ex*****on."
Mr. Amal Abdel Wahed, Vice Chairman and Managing Director of Redcon Construction, added: "Securing the contract to execute works at the Wadi Yam project in Ras El Hekma is a testament to the technical prowess and proven track record of the Innovo-Redconalliance in delivering complex mega-projects with specialized specifications."
