The Saudi Egyptian Developers has announced the signing of the construction contract for its iconic new project “Central” with Consolidated Contractors Company (CCC), in a deal exceeding EGP 12bn. Under the agreement, CCC will execute full construction works to the highest international quality standards, Invest-Gate reports.
This partnership reflects the Saudi Egyptian Developers’ commitment to collaborating with leading global contractors to ensure the delivery of integrated urban communities aligned with Egypt’s real estate development vision.
Construction is set to begin in November 2025 and continue for four years. CCC’s scope includes fully finished buildings, architectural façades, landscape works, public areas, office spaces, and parking facilities, ensuring top-tier execution and precise attention to detail.
Strategically located in the heart of New Cairo at the intersection of North and South Teseen Streets and Mohamed Naguib Axis, Central enjoys prime connectivity and a dynamic commercial setting. The project spans a total built-up area of 160,000 sqm and comprises 10 buildings featuring administrative offices, retail areas, and leisure destinations, creating a comprehensive urban experience that blends business, shopping, and leisure.
Central includes a diverse range of office spaces tailored to corporate needs, and premium retail zones designed to host international brands. In October 2025, The Saudi Egyptian Developers signed an MoU with the representative of major global brands in Egypt to introduce a curated selection of premium retailers and dining experiences within the project.
Eng. Mohamed El-Tahir, CEO of Saudi Egyptian Developers, said: “We strive at the Saudi Egyptian Developers to deliver projects that reflect our clients’ aspirations and align with both the Egyptian and regional markets. Central marks another strategic milestone in our journey to develop fully integrated, world-class urban destinations.”
He added: “Choosing CCC reflects our confidence in partnering with one of the region’s largest and most reputable construction firms, known for its outstanding track record in delivering major projects with exceptional quality and professionalism. We are confident this partnership will produce a landmark model in the development of integrated communities in New Cairo.”
Eng. Mohamed Tarek Kamel, Area Managing Director for Africa at CCC, commented: “We are delighted to partner with the Saudi Egyptian Developers, a company with a distinguished legacy in the Egyptian real estate market. We are proud that this collaboration comes through the Central project, which will add to the major developments we have delivered in Egypt for more than 30 years. We look forward to contributing to a project that embodies excellence and forward-looking vision.”
This agreement represents a strong strategic alliance between two leading regional players in development and construction, reinforcing Saudi Egyptian Developers’ position as a pioneer in sustainable and advanced urban projects while setting a new benchmark in New Cairo’s commercial and urban landscape.