EDIC Developments launches DR5, Celestia projects with joint Egyptian-Saudi investments and robust strategic partnerships
EDIC Developments announced the launch of two landmark projects in east and west Cairo: the DR5 medical project in New Cairo, and Celestia, the largest mall dedicated to gold traders in Sheikh Zayed City.
The two projects are being introduced with Egyptian-Saudi investments as part of the company’s solid expansion plan to deliver diverse projects in the coming period.
Dr. Amr Zaki, Chairman of EDIC Developments, stated that the launch of these projects comes in partnership with Saudi investor Rabah Al-Khatib, reflecting Arab investors’ confidence in the strength and appeal of the Egyptian market.
He said that this partnership represents a significant added value to both projects, combining the company’s expertise in real estate development with the Saudi investor’s vision in the healthcare sector.
Zaki noted that the DR5 project is built on a land area of 1,500 sqm across three floors, comprising 71 clinics in total, along with a pharmacy, a medical laboratory, and a radiology center. It is strategically located in the Al-Yasmeen 5 area in the First Settlement at New Cairo. The company has partnered with a number of specialized local and regional entities to ensure the project’s development and operation at the highest quality standards.
He pointed out that the project is a fully integrated medical center that brings together specialized clinics, medical centers, and supporting services. It has been designed to serve as a modern destination offering high-quality healthcare services, tailored to meet the needs of its target clients.
He added, “Our projects go beyond constructing buildings—we create real value through strong partnerships. With DR5, our aim is to build a fully integrated medical center that serves over 250,000 residents and stands as a landmark in the area.”
He revealed that construction work had already started before the project’s official launch to clients. Within just two months, the company succeeded in completing the building’s columns, and work is now underway to accelerate construction and finishing. The concrete structure is scheduled for completion within only five months.
He stated that an agreement was signed with World Center for Oral and Maxillofacial Surgery and Dentistry, which has contracted an entire floor to establish a specialized center for oral and maxillofacial surgery within the project. In addition, AFS was appointed to handle engineering consultancy, along with agreements with GP and Medical Algorithm.
As for the Celestia project, it represents a significant leap in the gold trade market, being the first fully integrated mall that brings together the largest cluster of gold traders in Sheikh Zayed. Located in a strategic area that meets both local and regional market needs, the company aims through this project to redefine the concept of commercial centers—transforming them from mere retail spaces into specialized investment and trade destinations that bring real value to the area.
Mr. Rabah Al-Khatib, the Saudi investor and strategic partner in the project, expressed his pride in investing in Egypt and his delight with this strategic collaboration with EDIC Developments, praising the company’s strong expertise, precision, and commitment.
He noted that this partnership is expected to extend into further projects in the future.
He added, “We built strong expertise in healthcare through Global Care Hospital in Riyadh, which inspired our expansion into Egypt. With its vast opportunities, we plan to invest EGP 2–3bn, seeing it as one of the Arab region’s strongest markets.”
He pointed out that Egypt is one of the region’s most attractive markets, with East Cairo representing the future of urban development. DR5 adds strong value to the medical sector, while Celestia supports the growth of Egypt’s gold and jewelry industry.
Eng. Mohamed El-Daly, CEO of AFS, affirmed that his company is responsible for developing and implementing integrated facility management strategies that help extend the lifespan of real estate assets.
Dr. Mohamed El-Alam stated that he has already contracted to establish a specialized oral and maxillofacial surgery center within the project, emphasizing that cooperation with EDIC marks a first step toward future partnerships, with plans to expand into the Saudi market.
For his part, Eng. Mohamed Hamed, CEO of GP, saying, “We are a strategic partner to developers, focusing on sustainability and quality in real estate projects. We engage from day one with the developer and designer to ensure successful operations and long-term project continuity.”
Eng. Mahmoud Lashien, CEO of Medical Algorithm, stated that the company approaches the project with a distinctive methodology to ensure excellence in managing and operating medical facilities.
Prof. Dr. Eng. Ahmed Fouad Sabry, consultant for the Celestia project, said that the mall was designed with a modern architectural vision tailored to the investment and commercial nature of the gold and jewelry sector.
Mahmoud Mamdouh, Commercial Director at EDIC Developments, said that the second phase of Celestia will bring greater value by diversifying services and investment spaces to accommodate more clients and traders. He noted that the company’s goal is to make Celestia the leading destination for gold trade in Sheikh Zayed.
Meanwhile, artist Mostafa Amar, the brand ambassador of EDIC, expressed his delight in promoting the company’s distinguished projects in the real estate market.
He added that the innovative concepts behind both projects reflect EDIC’s vision for creativity, excellence, and delivering unique experiences that meet client needs.
