Innovo and REDCON alliance wins EGP 12bn contract for Modon's Wadi Yemm

Innovo and REDCON alliance awarded EGP 12bn contract for Modon’s Wadi Yemm project 

Innovo Build and REDCON Construction have formed a strategic alliance and secured a contract worth more than EGP 12 billion ($230 million) to deliver infrastructure and construction works for the DP03 East package of Wadi Yemm, Modon Holding’s flagship development in Ras El Hekma on Egypt’s North Coast. 

This contract marks the first major milestone for the alliance, which combines Innovo’s international scale with REDCON’s deep-rooted local expertise. 

Scope of the Wadi Yemm DP03 East package 

Spanning a built-up area of 323,000 square metres, the DP03 East package comprises more than 660 residential units, ranging from standalone villas to townhouses, alongside public service areas, scenic lakes, a commercial mall, extensive landscaping and road paving. 

Beyond construction, the alliance will introduce advanced engineering expertise and sustainable construction methods designed to reduce carbon emissions and improve efficiency across the large-scale urban developments shaping Egypt’s future. 

Leadership perspectives 

Mohamed Gamal, Managing Director of Innovo Build, said: “This alliance reflects Innovo’s commitment to bringing our global expertise and sustainable technologies to the Egyptian market and delivering tangible value. Partnering with REDCON on a landmark project such as Wadi Yemm sets a benchmark for combining international capabilities with local expertise, ensuring maximum efficiency and raising the standard of mega-project delivery.” 

Amal Abdel Wahed, Vice Chairman and Managing Director of REDCON Construction, added: “Securing the contract to execute works at Wadi Yemm in Ras El Hekma is a testament to the technical capability and proven track record of the Innovo–REDCON alliance in delivering complex mega-projects to specialised specifications.”