Cairo, 27 August 2023 – REDCON Properties has announced that Eng. Muhammad AbdelMagied has been named as Chief Executive Officer. This strategic transition comes as the Company continues to reinforce its stature as a pioneer in sustainable development in the real estate development sector. 

With an impressive career spanning over 36 years, Eng. Abdelmagied brings a wealth of expertise in a multitude of engineering and management disciplines, devising innovative solutions to navigate potential risks, successfully managing projects through their various stages. 

Eng. Abdelmagied's professional journey showcases his unwavering commitment to excellence, starting his career in 1986 as an architect, accumulating extensive experience in Design, Real Estate Development, Construction Management, and Facility Management of large-scale and mega projects across Egypt, and MENA region. In addition to his proven track record in managerial positions in distinguished Egyptian firms in the field of construction, consultancy, and real estate development. In 2022, he joined REDCON Properties as Deputy CEO, and is now appointed as the new CEO. 

"We are thrilled to welcome Eng. Muhammad AbdelMagied as our new CEO," said Mr. Ahmed Abdallah, Vice Chairman of REDCON Properties "His remarkable experience and accomplishments in real estate and construction make him the ideal leader to steer our company forward in the upcoming phase. His success as Deputy CEO encouraged us to make the decision of entrusting him to take on the responsibilities of CEO. We are confident that under his guidance, REDCON Properties will continue to flourish, and our commitment to delivering excellence in every project will be further strengthened." 

Eng. Abdelmagied holds a bachelor’s degree in Architectural Engineering from Cairo University in 1986, and he further enriched his knowledge in construction management diploma from the American University in Cairo, middle management skills diploma from the European Union program for private sector development, and in 2014 he obtained a Diploma in Arbitration in Engineering disputes. 

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About REDCON Properties 

REDCON Properties was established in 2020 as the development arm of REDCON Construction, specializing in mixed-use real estate projects. The company operates with sustainability as its core value, where it leads the Egyptian real estate sector in the implementation of sustainable building and green architecture, with Golden Gate as its first flagship project. 

REDCON Properties derives its heritage from 30 years of experience of REDCON Constructions, which delivered more than 200 projects, among which are El Alamein Towers, Maspero Towers, Mansoura University, PwC Headquarters, Pharco, Electrolux, Bank Audi – the Company’s first green building that received a LEED silver certificate for its leadership in energy-saving designs and conservation of the environment.