Paragon Developments is an Egyptian arm dedicated to developing smart and sustainable spaces, led by Eng. Bedeir Rizk as Co-founder and CEO under the chairmanship of Eng. Mohamed Bedeir.
The company draws on a cumulative legacy exceeding 35 years of integrated experience in development and construction through its parent RCH Holding, having delivered 3 landmark projects in the New Administrative Capital with a total built-up area surpassing 117,000 sqm, alongside its current expansion into Mostakbal City and Marsa Alam, with a project portfolio priced between EGP 3 million and EGP 5.4 million depending on unit type and size.
About Paragon Developments
Paragon Developments operates as a modern Egyptian entity in the real estate development market, supported by strong institutional backing from RCH Holding, established in 1988 with an extensive track record in construction and development.
Paragon was launched with a distinct philosophy centered on what is known as Regenerative Real Estate, transcending conventional projects to deliver work and living environments that combine smart technologies, contemporary architectural design, and sustainable environmental practices, positioning the company among the leading real estate developers active across Egypt’s new cities.
The company’s portfolio spans smart administrative, commercial, residential, and tourism projects, In its initial phase, Paragon focused on building advanced administrative entities within the New Administrative Capital, before expanding into Mostakbal City through its partnership with the Saudi group Adeer International.
According to a proptechconnect report, the company currently manages over 110,000 sqm under construction, with an expansion plan to reach 1 million sqm of delivered and upcoming projects.
Paragon’s operations extend beyond Egyptian borders with the opening of its first regional office in Riyadh, Saudi Arabia in June 2025, in preparation to deliver mixed-use projects spanning 360,000 sqm within the Saudi market, in addition to a tourism project under development in Marsa Alam in collaboration with Boulevard for Tourism Development and Hilton Hotels.
Per an enjazproperty report, the company’s capital stands at approximately EGP 500 million, with active presence across several Egyptian new cities known for high investment density.
Paragon Developments Board
The board of Paragon Developments brings together a select group of specialists in real estate development and institutional investment, guiding the company’s local and regional expansion:
- Eng. Mohamed Bedeir Chairman: Leads the company’s strategic direction and oversees its expansion plans across Egypt and Saudi Arabia, with particular focus on the company’s international partnerships.
- Eng. Bedeir Rizk CEO & Co-founder: Holds a Master of Science in Computer Science & Engineering from Paderborn University in Germany, and a dual Master of Science in Management from Frankfurt School of Finance and Columbia Business School in New York,Prior to founding Paragon, he held leadership roles at BNP Paribas and KPMG, then led the commercial development of Qopius, a French robotics startup, until its acquisition in 2020.
- Eng. Bassel El Serafy —Vice Chairman of PARAGON | ADEER and Global CEO of Adeer International: Represents the Saudi arm of the strategic partnership between Paragon and Sumou Holding Group.
Paragon Developments Philosophy
Paragon Developments distinguishes itself from other developers in the Egyptian market by embracing the concept of Regenerative Development, which connects three core pillars: technological innovation, user wellbeing, and environmental sustainability.
The company integrates IoT systems into the management of its buildings to achieve high operational efficiency, as Paragon 1 was the first smart administrative building delivered in the New Administrative Capital.
Paragon collaborates with a select group of global consultants and design houses on each project, Interior and architectural designs are entrusted to specialized studios, while certified construction firms handle the building operations according to international quality standards.
This methodology contributed to Paragon 1 being sold out entirely before construction completion.
Paragon Developments Vision
Paragon Developments aspires to become the leading developer of smart and sustainable projects in Egypt and the wider region, by delivering integrated urban environments that combine living, working, and leisure into a single ecosystem serving the needs of the new generation of clients and investors.
Paragon Developments Goals
- Reaching 1 million sqm of delivered and ongoing projects within the Egyptian market.
- Delivering 360,000 sqm of mixed-use projects in the Saudi market through the Riyadh office.
- Developing the first integrated urban wellness resort in Cairo in partnership with Minor Hotels within the Sumou Boulevard project.
- Expanding the hospitality portfolio through the Marsa Alam project, featuring a 300-room hotel resort in collaboration with Hilton.
- Integrating green and smart technologies across all future administrative and residential projects.
Paragon Developments Strategic Partnerships
Paragon Developments has built a network of strategic partnerships with major regional and international entities, supporting its capacity to deliver projects of global standard:
- RCH Holding: The parent entity that has supported Paragon since its inception, providing a foundation of expertise spanning more than 35 years in development and construction.
- Adeer International and Sumou Holding Group (Saudi Arabia): An institutional partnership that established the PARAGON | ADEER alliance to deliver mixed-use projects across Egypt, most notably the Sumou Boulevard project in Mostakbal City, with investments reaching EGP 70 billion.
- MIDAR: The master developer of Mostakbal City, signed an agreement with Paragon and Adeer for the development of 500,000 sqm within the city.
- Hilton Hotels: Hospitality management partner for the Paragon project in Marsa Alam, featuring a 300-room resort.
- Minor Hotels: Development partner for the first integrated urban wellness resort within Sumou Boulevard in Cairo.
- Boulevard for Tourism Development: Execution partner for the Marsa Alam tourism project.
- Signify Egypt: Smart lighting technology partner across the company’s administrative and residential projects.
For inquiries regarding investment opportunities in Paragon Developments projects and details of new partnerships, the Paragon hotline +201118183030 is available to provide detailed information from the sales team.
Paragon Developments Track Record
The portfolio of Paragon Developments includes a mix of delivered and ongoing projects, spanning the smart administrative, commercial, residential, and tourism sectors:
| Project |
Location |
Type |
Area |
Status |
| Paragon 1 Mall |
New Administrative Capital |
Smart Administrative |
23,316 sqm |
Delivered |
| Paragon 2 Mall |
New Administrative Capital |
Administrative / Commercial |
Financial District |
Delivered |
| Paragon 3 Mall |
New Administrative Capital |
Administrative / Commercial / Medical |
6,500 sqm |
Under Construction |
| Sumou Boulevard Compound |
Mostakbal City |
Mixed-Use |
500,000 sqm |
Under Construction |
| Paragon Marsa Alam Resort |
Marsa Alam |
Hospitality / Tourism |
300 Hotel Rooms |
Under Development |
This distribution reveals a clear geographic and sector-based diversification in the company’s portfolio, ranging from smart administrative projects at the heart of the New Administrative Capital, to large residential communities in East Cairo, all the way to tourism destinations on the Red Sea.
Paragon Developments Projects on Our Site
The portfolio of Paragon Developments showcased in detail on Real Estate Capsule includes two main projects, representing the company’s most prominent current directions between smart commercial projects and integrated residential communities:
Paragon Projects in New Administrative Capital
Paragon 3 Mall New Administrative Capital: A commercial, administrative, and medical project located in the Financial and Business District of the New Administrative Capital on plot C s26, distinguished by its direct view of the Presidential Palace and Presidential Garden.
The mall includes administrative units, retail shops, and medical clinics with spaces starting from 52 sqm up to 3,000 sqm, with prices starting from EGP 3,800,000 with a 10% down payment and installment plans extending up to 10 years. The project relies on smart management systems including IoT technologies to enhance operational efficiency.
Paragon Projects in Mostakbal City
Sumou Boulevard Compound Mostakbal City: The largest mixed-use project within Mostakbal City, spanning 60 acres (500,000 sqm), developed in partnership between Paragon and Adeer International from Saudi Arabia with investments reaching EGP 70 billion, with the partnership targeting revenues exceeding EGP 100 billion across the project’s successive phases.
The project is located near the main entrance of Mostakbal City, minutes away from Mohamed Naguib Axis, the Regional Ring Road, Cairo International Airport, and East Capital University.
The compound includes residential units and serviced apartments, office and commercial spaces, and a 2 km central boulevard linking two urban zones connected by bridges, alongside the first integrated urban wellness resort in Cairo in partnership with Minor Hotels. Prices start from EGP 3,000,000 with a 5% down payment and installment plans extending up to 12 years.
For the latest prices and unit viewings across any of Paragon Developments projects, the Paragon sales number +201118183030 is available to receive price offers and installment schedules.
Investment Advantages in Paragon Developments Projects
Investing in Paragon Developments projects offers a range of advantages that make them an attractive option for buyers and investors alike:
- Flexible Payment Plans: Down payments range between 5% and 10% of the unit value, with installment schedules extending up to 12 years on select projects.
- Dual Institutional Backing: The Egyptian-Saudi partnership with Adeer International adds financial and operational stability to major projects, and supports adherence to delivery deadlines.
- Sector Diversification: The portfolio offers choice between smart administrative investment in the Capital, residential and mixed-use in Mostakbal City, and hospitality in Marsa Alam.
- Documented Delivery Track Record: Paragon 1 was previously executed and sold out entirely before construction completion, an indicator of strong demand for the company’s products.
- Smart Operating Ecosystem: Adoption of IoT and smart lighting technologies improves operational efficiency and reduces long-term maintenance costs.
For the latest information about Paragon Developments projects, the specialized sales team is available to address inquiries regarding prices, unit viewings, and payment plan details across the New Administrative Capital and Mostakbal City projects.
Paragon sales number: +201118183030
Available daily from 10 AM to 10 PM
Paragon hotline: +201118183030
Available daily from 10 AM to 10 PM
The Paragon sales team provides a complimentary real estate consultation including a quick analysis of client needs and budget, with recommendations of the most suitable project from the company’s portfolio, alongside on-site viewings of available units and a full presentation of financing and payment alternatives.
Why Choose Paragon Developments Projects?
Paragon Developments combines a regenerative development philosophy rooted in sustainability and innovation, with a diversified project portfolio covering smart administrative, mixed-use residential, and hospitality sectors, alongside dual institutional support from both Egyptian and Saudi sides ensuring delivery stability.
For client inquiries about the latest prices, available spaces, and installment schedules across the New Administrative Capital and Mostakbal City projects, the Paragon sales number +201118183030 is available for comprehensive real estate consultation and on-site unit viewings, or browse the list of real estate projects to discover the latest compounds and malls.
