PARAGON Developments, Egypt’s leading regenerative mixed-use developer, has announced the opening of its first regional office in Riyadh, Saudi Arabia, Invest-Gate reports.
This strategic expansion reflects PARAGON’s commitment to exporting its expertise while supporting local communities and cultures through human-centric design, enhanced well-being, and high environmental performance.
The announcement coincides with PARAGON’s participation in the Nile Expo Real Estate Exhibition, one of the region’s premier events, further reinforcing its dedication to meaningful collaboration within the real estate sector and the export of its regenerative development philosophy.
Saudi Arabia presents immense opportunities, with Vision 2030 driving strong demand for innovative, integrated real estate solutions and the development of modern economic cities. As the Kingdom cultivates mixed-use spaces and startup ecosystems, the demand for high-performance, regenerative environments is rapidly growing.
PARAGON’s expansion aligns seamlessly with this transformation, bringing its expertise in human-centered, regenerative development to support these fast-growing urban centers and deliver interconnected ecosystems.
On this occasion, Eng. Mohamed Bedeir, Chairman of PARAGON Developments, commented: “At PARAGON, we bring over 35 years of integrated experience in real estate and design. Building on the success of PARAGON 1, PARAGON 2, and PARAGON 3 in Egypt, our distinctive approach to interconnected mixed-use developments positions us to deliver 360,000 sqm of mixed-use facilities in Saudi Arabia. Our first regional office signifies a crucial step in our commitment to seamlessly blend lifestyle, culture, well-being, business, and hospitality. This expansion is a strategic milestone in supporting Saudi Arabia’s transformation, and we’re proud to contribute to Vision 2030 with future-ready, high-performance spaces.”
Eng. Bedeir Rizk, CEO of PARAGON Developments, added: “The Saudi market offers immense potential for regenerative, human-centered development, and our presence here reflects our commitment to sharing our expertise and fostering collaboration in evolving interconnected mixed-use spaces across the MENA region. We plan to develop and manage 200,000 sqm of office space by 2027, targeting 500,000 sqm by 2030 across key cities like Riyadh and Jeddah. This office expansion is more than just a growth milestone; it marks the beginning of a broader journey to actively contribute to a more holistic and regenerative future across the region, as we continue to explore opportunities in other dynamic markets.”
Ahmed Shaarawy, Commercial Vice President at PARAGON Developments, commented: “Our participation in Nile Expo in Saudi Arabia comes at a pivotal moment for PARAGON, as we establish our regional presence and introduce our regenerative development model to a broader Gulf audience. The exhibition provides a valuable platform to connect with Saudi stakeholders, showcase our portfolio, and explore partnerships that align with our vision for mixed-use, future-ready spaces. Engaging with such a dynamic market through Nile Expo reinforces our commitment to collaboration and positions PARAGON as a key player in the Kingdom’s evolving real estate landscape.”