Redminds Developments has formed a strategic partnership with Saudi Arabia’s Al Warda Global Food Trading Group to establish a new Egyptian–Saudi real estate alliance targeting EGP 20 billion in investments by 2026. The agreement was signed in Cairo by Redminds Chairperson and CEO Mohamed Yehia and Al Warda Chairman Sheikh Ibrahim El Ateeq.
The alliance’s first project will be Raq Mall in New Cairo’s Golden Square, a mixed-use development valued at EGP 4 billion and spanning 8,250 sqm, combining commercial, administrative and medical facilities with a modern Arab-inspired design.
Redminds, founded in 2024 and backed by over two decades of development experience, plans to expand into the Saudi market. Sheikh El Ateeq said the partnership follows six months of study and reflects strong confidence in Egypt’s investment climate.
The company has also signed agreements with EgyMap, Healthy Care Group and Hafez Consulting to support operations and project delivery.
