The second Saudi Egyptian Construction Company is a joint venture established in 1975 between the governments of Saudi Arabia and Egypt. The company is primarily involved in real estate development and investment, with a focus on providing distinguished services in real estate buying or selling. Secon has more than 25 years of experience in the Egyptian real estate market and has grown to become one of the leading players in the sector.
Secon has signed several significant investment agreements in the real estate sector, which have helped enhance economic cooperation between Saudi Arabia and Egypt. The company has stayed committed to its property development investments through recent tough times and is now a prime example of the country’s real estate potential. Secon’s C.E.O., Darwish Ahmed Hassanin, explains what Egypt offers investors and why they should get involved early. With the Nile Towers project and a capital increase, the company is ready to go to the next level and take Egyptian real estate forward.
Company Overview
History and Background
Secon, also known as the Saudi Egyptian Construction Company, is a joint stock company established in 1975. It was founded as a partnership between the Saudi Ministry of Finance and the Ministry of Housing in Egypt. Secon has since become one of Egypt’s leading real estate developers, with a strong reputation for credibility and reliability.
Vision and Mission
Secon’s vision is to become the leading real estate developer in the private sector in Egypt, providing high-quality and affordable housing solutions to its customers. The company’s mission is to create sustainable communities that promote a high quality of life for its residents while also contributing to Egypt’s economic development.
Board of Directors
Secon’s Board of Directors comprises experienced professionals with a wealth of knowledge and expertise in the real estate industry. The Board oversees the company’s operations and ensures it remains focused on achieving its strategic goals and objectives.
In conclusion, Secon is a reputable real estate developer with a strong presence in the private sector in Egypt. The company has built a solid name in the market thanks to its dedication to offering high-quality, reasonably priced housing options and its emphasis on developing sustainable communities. With an experienced Board of Directors and a clear vision for the future, Secon is well-positioned to continue its growth and success in the years to come.
Strategic Partnerships
Collaborations and Agreements
Second, the Saudi-Egyptian construction company has established several strategic collaborations and agreements. Through these alliances, the company has been able to broaden its scope and competencies while simultaneously bolstering the construction sector in Egypt and Saudi Arabia.
One of Secon’s most notable collaborations is with the Saudi Arabian General Investment Authority (SAGIA). This partnership has enabled Secon to access new investment opportunities in Saudi Arabia while benefiting from SAGIA’s expertise in foreign investment.
Secon has also entered into several agreements with other companies in the construction industry. For example, in 2024, the company signed an EGP 928 million construction agreement with the Emirati-Egyptian alliance, Arabtec Construction L.L.C., in a joint venture with Industrial Engineering and Construction Company (SIAC) to build its “Secon Nile Towers” mega project located at Maadi Nile Corniche in Cairo. This project is expected to be a significant milestone for Secon, as it will be one of the largest and most ambitious projects the company has ever undertaken.
Investment Opportunities
Secon’s strategic partnerships have also created new investment opportunities for domestic and foreign investors. The company has a proven track record of successful collaborations with local and international investors. It has established a reputation for finishing top-notch projects on time and under budget.
Secon has forged alliances with both global and domestic investors in addition to its agreements with SAGIA and other construction companies. Through these collaborations, the business has been able to get access to new funding sources and provide investors with competitive returns on their cash.
All things considered, Secon’s strategic alliances and joint ventures have enabled the business to become a major force in the Saudi Arabian and Egyptian construction markets. Secon’s commitment to quality, innovation, and customer satisfaction puts it in a great position to continue providing its clients and investors with outstanding outcomes.
Key Projects
Secon Nile Towers
Second Saudi Egyptian Construction Company has undertaken several key projects in Egypt, including the Secon Nile Towers. This mega-project, located at Maadi Nile Corniche in Cairo, is a joint venture with Arabtec Construction L.L.C.L.L.C. and Industrial Engineering and Construction Company (SIAC). The project includes the construction of two 23-storey towers with a total built-up area of 100,000 square meters. The scope of work also includes constructing a shopping mall, a cinema complex, and a parking garage.
New Administrative Capital Project
Secon is also involved in the development of Egypt’s new administrative capital. The company has signed six new contracts for its first projects in the capital, which include 84 buildings with a total of 1,300 units. The project is being implemented with Distance Studio Consultants (D.S.C.). Second, it is committed to delivering high-quality residential neighborhoods that meet the needs of the growing population in the new administrative capital.
Residential Developments
Second, it is committed to developing high-quality residential projects in Egypt. The company has signed a $383 million agreement to launch a commercial administrative project in New Cairo during the third quarter of 2021. The project will be located on a 100-acre plot of land and will include the construction of residential units, commercial spaces, and administrative buildings. Secon has also signed five construction contracts worth 250 million Egyptian pounds ($13.8 million) to develop the second phase of the Riyadh-SECON project in New Cairo. The 68-fedan project includes 1,897 housing units with spaces between 145 and 280 square meters.
Secon Saudi Egyptian Construction Company is a prime example of Egypt’s potential for real estate development. The organization is dedicated to providing top-notch initiatives that satisfy the demands of the expanding populace of the nation. Secon, with its emphasis on quality and innovation, is ideally positioned to take the lead in advancing the real estate industry in the nation.
Operational Excellence
Construction Quality and Standards
Second Saudi Egyptian Construction Company has a proven track record of delivering high-quality construction work that meets or exceeds industry standards. The organization has a strong grasp of the value of quality and standards in the construction industry thanks to its experience in building and construction work. Secon is home to a group of incredibly talented and knowledgeable experts that are dedicated to making sure every job is finished to the greatest standards.
Secon’s commitment to quality is reflected in its use of innovative building techniques and materials. The business ensures that every project is finished effectively and to the highest standards by using the newest machinery and technology. Additionally, Secon places a high priority on adherence to regional laws and standards as well as safety.
Innovative Building Techniques
Second is committed to using innovative building techniques to deliver high-quality projects that meet or exceed industry standards. The company’s experience in construction work has allowed it to develop a deep understanding of the latest building techniques and materials. Secon’s team of professionals is constantly exploring new and innovative ways to improve the efficiency and quality of its construction work.
One of Secon’s key strengths is its ability to deliver projects on time and within budget. The company’s experience in finishing works and its focus on operational excellence have allowed it to become a trusted contractor in the construction industry. Secon’s commitment to quality and innovation has earned it a reputation as one of the leading construction companies in Saudi Arabia and Egypt.
Investor Relations
Financial Performance
SECON, the Saudi-Egyptian Construction Company, has a solid financial performance and has consistently delivered profitable results to its investors. The company’s financial statements demonstrate its ability to generate revenue and maintain a healthy financial position. SECON’s financial performance reflects its commitment to delivering quality real estate projects and its ability to adapt to the changing economic environment.
Shareholder Information
SECON values its shareholders and strives to maintain transparent communication with them. The company regularly updates its financial performance and investment opportunities through various channels, including its website and annual reports. SECON’s shareholders are a diverse group of investors, including both local and foreign investors, who share the company’s vision of developing the real estate market in Egypt.
SECON’s success in attracting foreign investors is a testament to the company’s strong reputation and the potential of the Egyptian economy. The company’s investment opportunities attract local and foreign investors who recognize the potential for growth in the Egyptian real estate market.
SECON’s commitment to delivering quality real estate projects and maintaining a solid financial position makes it an attractive investment opportunity for investors looking to invest in the Egyptian real estate market. The company’s transparent communication with its shareholders ensures that investors are informed of its financial performance and investment opportunities.
Market Presence
National Contributions
Second, the Saudi Egyptian Construction Company is a significant player in the real estate market in both Saudi Arabia and Egypt. The company has significantly contributed to developing these countries’ real estate sectors and has been involved in several projects that have helped provide affordable housing to the people of Egypt and Saudi Arabia.
Secon has developed several projects in Cairo, including the Riyadh Secon project in New Cairo, which covers an area of 68 feddans. The company has also developed several projects in Maadi, one of the most affluent suburbs of Cairo. These projects have helped to provide affordable housing to the people of Cairo.
Secon has been developing infrastructure projects in Assiut, including roads and bridges. The company has also constructed several buildings in the city.
Expansion and Growth
Secon has been expanding its presence in the real estate market in Egypt and Saudi Arabia. To strengthen its presence in these countries, the company has developed diverse and innovative investment projects.
Secon has also been exploring opportunities beyond the real estate sector. The company has been involved in several energy projects, including developing solar power plants in the Suez Canal area. Secon has also been exploring opportunities in the infrastructure sector, including developing ports along the Mediterranean Sea.
Overall, Secon Saudi Egyptian Construction Company has significantly contributed to developing the real estate sector in Egypt and Saudi Arabia. The company’s expansion and growth into other sectors, such as energy and infrastructure, demonstrate its commitment to these countries’ development.
Leadership Insights
Executive Interviews
In an interview, C.E.O. Darwish Ahmed Hassanin emphasized the importance of investing in Egypt’s real estate market. Hassanin believes Egypt has immense growth and development potential, making it an attractive destination for investors. He also highlighted the company’s commitment to its property development investments, even through tough economic times.
Hassanin’s vision for Secon is to continue expanding the company’s reach in the Egyptian market and to become a leading player in the sector. He believes that Secon’s success is due to its attention to detail and focus on customers’ needs.
Leadership Strategies
Secon’s leadership team, including President Mohammed Al-Harbi and Engineer Mamdouh Al-Sherbiny, has implemented several strategies to ensure the company’s success. One key strategy is to stay committed to their investments, even during challenging times. They also prioritize staying up-to-date with market trends and adapting their strategies accordingly.
Secon’s leadership team values building strong relationships with customers and stakeholders. They believe that open communication and transparency are crucial for building trust and loyalty. Additionally, Secon’s team emphasizes the importance of sustainability and environmental responsibility in all its projects.
Overall, Secon’s leadership team is confident in its vision for the company’s growth and success in Egypt’s real estate market. Its strategies continue to prioritize customer satisfaction, sustainability, and adaptability.
Customer Engagement
Second, Saudi Egyptian Construction Company is committed to providing excellent customer engagement services. The company values its clients and ensures they are satisfied with their experience. The following are some of the ways that Secon engages with its clients.
Client Testimonials
Secon values its clients’ feedback and encourages them to share their experiences. The company collects and shares client testimonials on its website, social media platforms, and other marketing materials. This allows potential clients to see what previous clients say about Secon’s services and the quality of its residential buildings.
Reservation and Sales
Secon offers a seamless reservation and sales process that ensures clients get the apartments or twin villas they want. The company’s dedicated sales team guides clients through the process, from selecting the desired residential tower to making the final payment. Secon also offers flexible payment plans that make it easy for clients to own their dream homes.
Clients can reserve their desired apartments or twin villas by paying a reservation fee, which is deducted from the total price of the unit. Secon also offers a money-back guarantee if clients are unsatisfied with their purchase.
In conclusion, Secon Saudi Egyptian Construction Company values its clients and strives to provide excellent customer engagement services. The company’s commitment to quality and customer satisfaction is evident in its residential buildings, designed to meet the needs of modern-day living.
Hospitality Projects
Hotel Developments
Second, the Saudi Egyptian Construction Company has been actively involved in developing hospitality projects in Egypt. One of the significant hotel developments that Secon has undertaken is the construction of a new four-star hotel in the New Damietta region of Egypt. The hotel is being developed in partnership with Hilton Worldwide, a leading global hospitality chain.
The new hotel, expected to be inaugurated in mid-2018, will have 256 rooms spread over 8800 square meters. It will be built with a total investment of 120 million Egyptian pounds and is located at Secon Resort New Damietta, a prime location for tourism investment in Egypt.
Secon is also planning to build the first five-star hotel on the Corniche El Nile at Maadi, an affluent district south of Cairo, Egypt. The hotel, which will be developed in partnership with Hilton Worldwide, will have a capacity of 100 to 130 rooms. This project is expected to boost tourism in the region and provide a much-needed boost to the local economy.
Overall, Secon Saudi Egyptian Construction Company’s hospitality projects are expected to play a vital role in developing the tourism industry in Egypt. With its expertise in constructing high-quality hotels and resorts, Secon is well-positioned to capitalize on the growing demand for tourism in the region.
Media and News
Press Releases
Second, the Saudi Egyptian Construction Company has actively engaged with the media, sharing updates on its real estate development projects. Over the years, the company has issued several press releases to keep the public informed about its latest ventures.
One such press release was in 2024 when Secon signed an EGP 928 million construction agreement with the Emirati-Egyptian alliance, Arabtec Construction L.L.C., in a joint venture with Industrial Engineering and Construction Company (SIAC) to build its “Secon Nile Towers” mega project located at Maadi Nile Corniche in Cairo. The scope of work includes the construction of two 23-storey towers.
In addition, Secon signed five construction contracts worth 250 million Egyptian pounds ($13.8 million) to develop the second phase of the Riyadh-SECON project in New Cairo. The 68 Feddan project includes 1,897 housing units in spaces ranging between 145 square meters and 280 square meters.
Industry Recognition
Secon has gained industry recognition for its commitment to quality and focus on customer needs. The company has been featured in several media outlets, including Daily News Egypt.
Syndigate Media Inc. has also covered Secon’s latest developments, including the signing of six new contracts for its first projects in Egypt’s new administrative capital. According to C.E.O. Darwish Hassanin, Secon signed an agreement with the consulting firm Distance Studio Consultants (D.S.C.) to implement the integrated designs for its first projects in the new administrative capital.
Secon’s profile in the real estate development industry has continued to grow, and the company is poised to impact the market significantly in the coming years.
Future Outlook
Upcoming Projects
Second, the Saudi Egyptian Construction Company has a promising future with several upcoming projects in the pipeline. One of the most significant projects is the New Administrative Capital project, a new city being built to serve as Egypt’s administrative and financial hub. Secon has already signed six new contracts with consulting firm Distance Studio Consultants (D.S.C.) to implement integrated designs for its first projects in the new administrative capital.
In addition to the new administrative capital project, Secon is also involved in developing New Damietta and Alamein. The New Damietta project is a new city built on the Mediterranean coast that will serve as a hub for the furniture industry. On the other hand, Alamein is a new resort city built on the North Coast of Egypt.
Secon’s involvement in these projects is a testament to the company’s commitment to developing Egypt’s infrastructure and real estate sector. With these projects, Secon is set to become a significant player in the Egyptian real estate market.
Market Predictions
The Egyptian real estate market is expected to grow in the coming years, and Secon is well-positioned to take advantage of this growth. The demand for housing in Egypt is high, and Secon’s focus on delivering high-quality, affordable housing will likely be in high demand.
In addition to the demand for housing, there is a growing demand for commercial real estate in Egypt. Secon’s expertise in developing commercial properties makes it well-suited for this ever-increasing market.
Overall, Secon’s future outlook is bright, with a strong pipeline of upcoming projects and a growing real estate market in Egypt. The company’s commitment to quality and affordability will likely make it a significant player in the Egyptian real estate market for years.
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Frequently Asked Questions
What are the latest development projects undertaken by Secon Saudi Egyptian Construction Company?
Secon Saudi Egyptian Construction Company has several ongoing development projects in Saudi Arabia and Egypt. Some of the latest projects include the Secon Nile Towers in Cairo, a joint venture with Arabtec Construction and Industrial Engineering and Construction Company, and the Riyadh-Secon project in New Cairo. Secon is committed to delivering high-quality and innovative projects that meet the needs of its clients and customers.
How can I apply for a career opportunity with Secon Saudi Egyptian Construction Company?
Second, Saudi Egyptian Construction Company offers career opportunities in various fields, including engineering, construction, project management, and administration. Interested candidates can visit the company’s official website and browse the careers section to find the latest job openings. The company also accepts applications through various job portals and recruitment agencies.
What is the official hotline number for Secon Saudi Egyptian Construction Company customer inquiries?
The official hotline for customer inquiries at Secon Saudi Egyptian Construction Company is +966 11 465 0444 for Saudi Arabia and +202 252 31900 for Egypt. Customers can contact the company’s customer service representatives for any queries or concerns regarding their projects or services.
Where can I find the official logo and branding guidelines for Secon Saudi Egyptian Construction Company?
The official logo and branding guidelines for Secon Saudi Egyptian Construction Company are on the company’s official website. The website also provides information on the company’s history, vision, and mission, as well as its services and projects.
How can I contact Secon Saudi Egyptian Construction Company for business inquiries?
Second, Saudi Egyptian Construction Company welcomes business inquiries from potential partners and clients. Interested parties can contact the company’s business development team through the contact form on the company’s official website or by emailing [email protected]. The company’s representatives will contact the parties to discuss potential business opportunities.
What distinguishes Secon Saudi Egyptian Construction Company from other developers like Emaar Construction?
Second, Saudi Egyptian Construction Company distinguishes itself from other developers like Emaar Construction by its commitment to delivering projects that meet quality, innovation, and sustainability standards. The company has a proven track record of delivering successful projects in Saudi Arabia and Egypt. It is known for its expertise in various fields, including engineering, construction, project management, and administration. Secon’s customer-centric approach and dedication to excellence make it a preferred choice for clients and customers looking for reliable, trustworthy construction partners.
