In a strategic move reflecting its robust financial position and accelerating expansion plans, the Board of Directors of Redcon Spain, a subsidiary of Redcon Group, has unanimously approved raising the company’s capital from EGP 35mn to EGP 100mn. This increase aims to support the company’s efforts in undertaking large-scale projects and advancing sustainable construction solutions in Egypt, Invest-Gate reports.

The decision was made during the Board meeting held on Wednesday, December 24, 2025, at the company’s headquarters, with the attendance of Eng. Tarek El Gamal, Chairman of the Board, and Mr. Amal AbdElWahid, Vice Chairman.

Eng. Tarek El Gamal emphasized that the capital increase marks a key milestone in the long-term strategic plan of the group, which aims to achieve sustainable growth and expand its involvement in national and private sector projects. He added that Redcon Spain will continue to develop advanced construction technologies and provide innovative solutions that align with the latest global technological standards and environmental sustainability criteria.

He also noted that Redcon Spain is currently working on several distinguished projects for major clients and private sector developers, reflecting the growing trust in the company’s technical capabilities and execution expertise. This positions Redcon Spain as a strategic partner for executing major projects within the Egyptian market.

Founded in 2010, Redcon Spain is a subsidiary of Redcon Group and has quickly established itself as a prominent player in the construction sector, with a track record of notable achievements. Recently, several major real estate developers, including Madinet Misr and Morshedy Group, have contracted Redcon Spain to execute distinguished projects, highlighting the company’s expanding client base and diversified project portfolio.