Innovo Build and Redcon Construction have formed a strategic alliance to execute infrastructure and contracting works for the DP03 East package at the Wadi Yam project in Ras El Hekma on Egypt’s North Coast. The contract, valued at over EGP 12bn, was secured through a competitive tender based on the partners’ technical capabilities and track records in delivering large-scale construction projects.
The DP03 East package covers a built-up area of approximately 323,000 sqm and is scheduled for completion within 21 months. The scope of work includes more than 660 residential units, comprising standalone villas and townhouses, as well as public service facilities, lakes, a commercial mall, landscaping, and road paving works. This project aims to enhance the infrastructure and amenities in the region.
The partnership combines Redcon Construction’s over three decades of experience in the Egyptian market with Innovo Build’s international project delivery capabilities across four continents. This collaboration seeks to leverage the strengths of both companies to deliver a high-quality project. By joining forces, the companies aim to improve efficiency and effectiveness in executing large-scale developments.
Mohamed Gamal, Managing Director of Innovo Build, highlighted the alliance's goal of bringing international expertise and sustainable construction technologies to the Egyptian market. The partnership on Wadi Yam is intended to combine regional capabilities with local expertise. This approach is expected to enhance the project's outcomes and set a precedent for future collaborations.
Amal Abdel Wahed, Vice Chairperson and Managing Director of Redcon Construction, noted that securing the contract reflects the technical capabilities and track record of the Innovo-Redcon alliance in delivering complex projects with specialised requirements. The partners are committed to applying sustainable construction practices and advanced engineering solutions to improve operational efficiency and reduce environmental impact.
Innovo Build operates across the built environment, with activities spanning design, engineering, construction, development, infrastructure, and project financing. The company is headquartered in London and has offices in Dubai, Abu Dhabi, Canada, Egypt, and Senegal. This diverse portfolio and global presence position Innovo Build as a significant player in the construction industry.
The Innovo-Redcon alliance will focus on delivering the Wadi Yam project efficiently and sustainably. Key aspects of the project include the application of advanced engineering solutions and sustainable construction practices. The partners aim to complete the project within the specified 21-month timeline while meeting the required standards and specifications.
Key points
- The contract is valued at over EGP 12bn.
- The project covers a built-up area of approximately 323,000 sqm.
- The partnership combines local and international expertise to deliver a large-scale construction project.
