Paragon Developments is an Egyptian real estate developer established in 2020, focused on smart administrative buildings, sustainable workspaces, and mixed-use environments. The company is mainly active in New Cairo and the New Administrative Capital, with a newer expansion into Mostakbal City through regional investment partnerships.
Paragon positions itself as a developer of better workspace communities, not only conventional office buildings. This direction appears across projects such as Paragon 1, Paragon 2, Paragon 3 / WORK IN, and Sumou Boulevard under the PARAGON | ADEER alliance. Its development model combines design, smart operations, sustainability, flexible services, and community-focused spaces.
Paragon Developments History and Foundation
Published company data states that Paragon Developments was established in 2020, backed by founders’ experience across development, construction, engineering consultancy, project management, and design innovation for administrative, commercial, hospitality, and resort projects. Coverage of the company describes its core idea as a response to a gap in the office market: many office buildings focus on exterior form while paying less attention to how people actually use the space.
Paragon is associated with a number of key executives, including Bedeir Rizk, CEO and co-founder, and Mohamed Bedeir, Chairman, according to market coverage and Egyptian Businessmen’s Association data. The company operates as a private real estate investment and development firm, with a clear specialization in smart, sustainable office and mixed-use assets.
Key Projects by Paragon Developments
Paragon’s portfolio includes several notable developments in the New Administrative Capital and East Cairo growth areas. Its project mix has expanded from administrative buildings to larger mixed-use destinations:
- Paragon 1 — located in the Financial District of the New Administrative Capital. Early coverage described it as a smart office project on a land area of around 4,300 sqm and a built-up area of around 23,000 sqm, with two basement parking levels, a ground floor, and seven floors containing 205 units.
- Paragon 2 — an administrative project in the New Administrative Capital. It was first positioned to target LEED Gold, and in 2026 the company announced that PARAGON.2 Financial District received LEED Gold certification under LEED v4 BD+C: Core & Shell.
- Paragon 3 / WORK IN — a serviced workspace project in the New Administrative Capital, offering flexible office spaces from 15 to 50 sqm according to Schneider Electric partnership coverage.
- Sumou Boulevard — a mixed-use development in Mostakbal City under the PARAGON | ADEER alliance, spanning more than 500,000 sqm with announced investments exceeding EGP 70 billion. The project includes residential, commercial, hospitality, retail, office, and lifestyle components.
Paragon Developments in Numbers
Several figures are publicly available for Paragon’s projects and portfolio, but no verified public total is available for delivered units across the company. For that reason, each number should be read in its exact context: a project unit count, a built-up area, or announced investment value.
| Foundation year | 2020 |
| Main operating areas | New Cairo and the New Administrative Capital |
| Specialization | Smart administrative buildings, workspaces, and mixed-use developments |
| Paragon 1 built-up area | Around 23,000 sqm according to 2020 coverage |
| Announced workspace portfolio | 120,000 sqm of environmentally friendly workspaces in the New Administrative Capital according to a 2023 announcement |
| Sumou Boulevard | More than 500,000 sqm with investments exceeding EGP 70 billion |
| Delivered units | No verified public total is available for delivered units |
Vision and Development Focus
Paragon’s vision centers on rethinking work environments so that they become more efficient, human-centric, and connected to daily business needs. The company emphasizes natural lighting, thermal comfort, energy monitoring, smart building management, and supportive services such as shared workspaces, meeting rooms, fitness facilities, nurseries, restaurants, and community areas within selected projects.
The company has also built partnerships around smart building technology. Schneider Electric announced EcoStruxure-based solutions for Paragon 2 and Paragon 3, while PARAGON.2 received LEED Gold certification in 2026. PARAGON.1 was also referenced in connection with LEED Silver certification steps. These details make sustainability a documented part of the company’s positioning rather than a generic marketing claim.
Recent Developments
Between 2023 and 2026, Paragon announced several notable steps. In December 2023, the company launched an Arabic-focused brand campaign under the slogan “The Beginning of Change”, emphasizing its Egyptian identity and global standards. In April 2024, Schneider Electric published details of its cooperation with Paragon to provide smart sustainable building solutions for Paragon 2 and Paragon 3.
In 2025, Paragon announced another Schneider Electric partnership for WORK IN within Paragon 3. The Adeer and PARAGON alliance also signed a development agreement with MIDAR for a major mixed-use project in Mostakbal City with investments exceeding EGP 70 billion. In January 2026, the company announced advanced talks for EGP 400 million in green financing, alongside the LEED Gold certification for Paragon 2.
FAQ About Paragon Developments
When was Paragon Developments founded?
Paragon Developments was established in 2020, according to published Zawya coverage about the company.
What are Paragon Developments’ main projects?
Key projects include Paragon 1, Paragon 2, and Paragon 3 / WORK IN in the New Administrative Capital, in addition to Sumou Boulevard under the PARAGON | ADEER alliance in Mostakbal City.
What does Paragon Developments specialize in?
Paragon specializes in smart administrative buildings, workspaces, and mixed-use developments that combine business, services, hospitality, retail, and community functions.
How many units has Paragon Developments delivered?
No verified public total is available for delivered units across the company. Available numbers refer to specific projects, such as the 205 units reported for Paragon 1 by Daily News Egypt.
Where is Paragon Developments located?
The Egyptian Businessmen’s Association lists the company’s address at 334 Third Sector, South 90 Street, Fifth Settlement, New Cairo, with the phone number 15063.