ROCC – REDCON for Offices and Commercial Centers, a fully owned subsidiary of Redcon Construction – has announced the groundbreaking of its flagship project, Golden Gate. The mixed-use project (Retail, offices, and entertainment) spans an area of 160,000 square meters with an investment of up to EGP 20 billion (USD 1.25 Billion). With the most prime location in the heart of New Cairo, the project features the largest facade on the main spin leading in and out of New Cairo – 90 South Road and facing the American University in Cairo.
The project is located between two monorail stations, which connects east and west of Greater Cairo making the project conveniently accessible from everywhere in Cairo.
Eng. Tarek El-Gammal, Chairman of ROCC, Mr. Ahmed Abdullah and Mr. Amal Abdel Wahed, Vice-Chairpersons, and Eng. Hisham Moussa, CEO & Managing Director of Redcon for Offices and Commercial Centers “ROCC” laid the cornerstone of the project. ROCC intended to complete the development of Golden Gate over two phases within seven years. The first phase will witness the development of 128,000 square meters, comprising 25 buildings with a total of 160,000 square meters in built-up area. The project will feature standalone offices, office and retail buildings, and standalone retail.
The first phase is scheduled to be delivered by the first quarter of 2024. The second phase will feature four retail and office buildings as well as standalone retail buildings on a total built-up area of 32,000 square meters.
Hisham Moussa, Managing Director and CEO of ROCC, said that the company has a strategic vision to revolutionize the retail sector in Egypt and bring added value to the market through a unique and distinctive experience and offering. “We aim to change the retail development map in Egypt, by developing the area between the new and old capitals through Golden Gate project. The Egyptian economy has underwent a large-scale improvement over the recent years., with sizable investments in infrastructure, road network and axes.”
“Golden Gate project is the flagship project of ROCC REDCON for Offices and Commercial Centers. The project is set to be an unprecedented boom in the retail and mixed-use developments sector in Egypt. As the mother company REDCON brings over three decades of experience in the construction sector to Golden Gate, we are sure that we will adapt to this dynamic market and its continuous changes and demands.” stated Eng. Tarek El-Gammal, Chairman of ROCC.
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