Latest news with #ParagonDevelopments
Zawya
12 hours ago
- Business
- Zawya
Paragon Developments launches office in Riyadh to expand regional footprint across MENA
Cairo – Paragon Developments, Egypt's leading regenerative mixed-use developer, has inaugurated its first regional office in Saudi Arabia, according to a press release. Located in Riyadh, the development scheme aligns with the company's commitment to expand its footprint in the MENA region, while identifying growth opportunities across the Gulf countries and beyond Egypt. The announcement coincides with Paragon's participation in the Nile Expo Real Estate Exhibition, reinforcing its commitment to fostering partnerships within the real estate sector. Mohamed Bedeir, Chairman of Paragon Developments, commented: '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,' Bedeir added. Bedeir Rizk, CEO of Paragon Developments, stated: '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.' He noted: '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.' 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.'
Zawya
09-05-2025
- Business
- Zawya
Egypt: Paragon launches work in New Administrative Capital
Arab Finance: PARAGON has officially launched work in, a new administrative space within its PARAGON.3 project, the New Administrative Capital, as per an emailed press release. The fully serviced workspaces are designed to meet the growing needs of dynamic startups and small to medium-sized enterprises (SMEs). The administrative space offers a fully integrated work ecosystem that combines ultimate flexibility, comprehensive support, and operational excellence. WORK IN features a diverse selection of smart office units, ranging in size between 15 and 50 square meters. This flexibility makes it an ideal choice for businesses of various sizes, particularly emerging startups aiming to launch effectively. These innovative office spaces are tailored to accommodate the fast-paced growth of businesses and adapt effortlessly to their evolving needs. Commenting on the launch, Bedeir Rizk, CEO of Paragon Developments and Managing Partner of El-Bedeir Construction, stated: 'These offices are ready-to-operate and equipped to the highest professional standards, enabling our clients to start their operations from day one without the hassle of setup or delays.' Moreover, Ahmed Shaarawy, Vice President for Commercial Affairs at Paragon Developments, added: 'WORK IN is the smart choice for every company seeking a strong presence and rapid launch.' © 2020-2023 Arab Finance For Information Technology. All Rights Reserved. Provided by SyndiGate Media Inc. (
