PARAGON Developments, Egypt’s leading regenerative mixed-use developer, has opened its first regional office in Saudi Arabia in Riyadh.
This strategic expansion reflects PARAGON Developments’ commitment to exporting its expertise while supporting local communities and cultures through human-centric design, enhanced well-being, and high environmental performance.
The opening of the Riyadh office coincides with PARAGON Developments’ participation in the Nile Expo Real Estate Exhibition, one of the region’s premier events, further reinforcing its commitment to meaningful collaboration within the real estate sector and the export of its regenerative development philosophy.
Eng. Mohamed Bedeir Chairman of PARAGON Developments, commented that, “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, and our distinctive approach to interconnected mixed-use developments, PARAGON is set 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 – PARAGON Developments
“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. At PARAGON, we are planning to develop and manage 200,000 sqm of office space by 2027, with a target of 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 also continue to explore opportunities in other dynamic markets.”
This expansion underscores a strategic plan to identify growth opportunities across the Gulf countries and beyond Egypt. PARAGON Developments consistently delivers future-ready, high-performance spaces built on the pillars of innovative design, vibrant community building, fostering innovation, and a commitment to sustainability.
