EDIC Developments has announced the launch of two major projects in Cairo — DR5, a medical complex in New Cairo, and Celestia, a dedicated gold and jewelry mall in Sheikh Zayed — in collaboration with Saudi investor Rabah Al-Khatib. The projects, backed by Egyptian-Saudi investments, are part of the company’s broader expansion strategy aimed at diversifying its portfolio across key sectors.
Amr Zaki, Chairperson of EDIC Developments, stated that the DR5 project is a purpose-built medical center located in the Al-Yasmeen 5 area of the First Settlement in New Cairo. Spanning 1,500 square meters over three floors, the facility will include 71 clinics, a pharmacy, a medical laboratory, and a radiology center. EDIC is working with a number of specialized local and regional partners to ensure the project meets the highest development and operational standards.
Zaki emphasized that DR5 is designed to consolidate a wide range of specialized clinics and medical services under one roof, creating a comprehensive healthcare destination. He also noted that construction began ahead of the official launch, with the structural columns completed within just two months. The concrete structure is on track to be finalized within five months, reflecting the company’s focus on fast-track delivery without compromising on quality.
An agreement has already been signed with the World Center for Oral and Maxillofacial Surgery and Dentistry, which will occupy an entire floor within the facility to establish a state-of-the-art surgical center. Additionally, AFS has been appointed as the engineering consultancy, alongside partnerships with GP and Medical Algorithm to ensure top-tier design, management, and operational execution.
The second project, Celestia, is the first mall in Sheikh Zayed specifically developed to host a concentrated cluster of gold traders. More than a retail space, it is positioned as a specialized hub that serves both local consumers and regional markets, reinforcing Egypt’s standing in the gold and jewelry industry.
Rabah Al-Khatib, the Saudi investor and strategic partner in the venture, highlighted the significance of the collaboration and signaled interest in future joint projects. He noted that their experience in the healthcare sector, particularly through Global Care Hospital in Riyadh, laid the foundation for this expansion into Egypt. With its promising investment landscape, Al-Khatib said the partners are targeting between EGP 2bn-3bn in future investments, identifying Egypt as one of the region’s most attractive markets. He added that East Cairo, in particular, represents the future of urban and medical development. DR5, he said, will add strong value to the healthcare sector, while Celestia supports the ongoing growth of Egypt’s gold and jewelry ecosystem.
Mohamed El-Daly, CEO of AFS, confirmed that his company will oversee long-term facility strategies aimed at maximizing operational efficiency and asset lifespan. Mohamed El-Alam revealed plans to establish a specialized surgical center within DR5, which he described as the first step in a broader vision that includes future expansions into Saudi Arabia. Mohamed Hamed, CEO of GP, stressed the importance of embedding sustainability and quality from the earliest stages of development. Mahmoud Lashien, CEO of Medical Algorithm, noted the project’s innovative approach to managing and operating medical facilities. Meanwhile, Ahmed Fouad Sabry explained that Celestia’s design was developed to directly respond to the needs of the gold and jewelry industry. Mahmoud Mamdouh, representing EDIC Developments, added that the second phase of Celestia will introduce expanded services, further solidifying its position as Sheikh Zayed’s primary destination for gold trading.
