Redcon Group Launches its African Vision at the T20 Summit in South Africa

Engineer Noha Nael Emphasizes “Triple Integration of Infrastructure” as a Gateway to Global Growth

The Egyptian Redcon Group has taken a strategic step towards global expansion, specifically in the African market, through its high-level participation in the T20 Infrastructure Development and Investment event.

The T20 (Think 20) Forum is one of the key engagement groups associated with the G20 Summit, the premier economic forum for international cooperation.

The G20 aims to promote global financial stability and achieve strong, sustainable, and balanced global economic growth, in addition to addressing major global issues such as sustainable development, poverty reduction, and international financial regulation reform.

The group’s strategic delegation was led by Engineer Noha Nael, Chief Business Officer at Redcon Construction, along with Mr. Amr Imam, Chief Financial and Investment Officer of the Redcon Group.

According to the group, the primary objective of this participation was “to begin gaining firsthand experience in the African market and opening new business channels,” a task that falls within the core responsibilities of the Chief Business Officer’s office. 

Integrating Infrastructure as a Competitive Advantage

The opening session of the event featured a presentation on Redcon Group's vision, emphasizing the group's commitment to leveraging its expertise in both traditional and digital infrastructure.

In this context, Eng. Noha Nael affirmed that Redcon Group's global approach is built upon a deep understanding of global transformations.

She stated, "We are witnessing a convergence of three key infrastructure domains: digital infrastructure, physical infrastructure, and industrial infrastructure. The era of treating these domains as separate entities is over; future success lies in their integration. Only countries and companies that successfully integrate these domains will unleash the next wave of competitive advantage in Africa."

This point was further elaborated upon by exploring the role of digital infrastructure in supporting the digitization of government services, the resilience of the financial system, and smart cities. Redcon Group's strategic collaboration with a leading global data center systems company in Egypt was also highlighted, showcasing the expansion of a new independent data center, a topic that garnered significant interest from the participants. 

African Expansion Negotiations and Financing Support

Under the leadership of Eng. Noha Nael, the Redcon Group delegation expressed a clear interest in "joining forces with potential partners and/or governments to work hand in hand to enhance infrastructure in Africa."

* Regional Support: The Egyptian participation was welcomed by the T20 Chair, who offered his future support for penetrating the African market. The delegation also received an offer of support from a high-ranking official from a Nigerian state should they decide to operate there.

* Securing the Financial Front: The delegation held productive meetings to strengthen the financial aspect of the expansion plans. They met with an economist and advisor at the National Development Fund and a member of the Infrastructure Fund at the Bank of South Africa, the Chairman of the Board of Directors of the Central Bank of Ghana, and the Chief Regulatory Engagement Officer of a major global financial group. A meeting with the head of the representative office of a major Egyptian bank in South Africa highlighted the bank's readiness to finance projects on the continent.

The meeting with the head of the representative office of a major Egyptian bank in South Africa also underscored the bank's readiness to finance projects on the continent. Africa and Artificial Intelligence: Cairo as a Hub for Cooperation

The Redcon Group's efforts extended to the second day of the event, with the delegation being invited to a special investor roundtable on Africa's future in an AI-driven world. This roundtable was organized by the CEO of a global policy organization.

Discussions focused on cybersecurity issues and how to leverage the estimated annual losses of over $4 billion due to inadequate cybersecurity infrastructure into business opportunities and a more efficient work environment.

In closing, Eng. Noha Nael announced the Redcon Group's initiative to continue the African dialogue:

"We discussed with the CEO of the global policy organization the possibility of hosting an investor roundtable in Egypt to explore further synergies between African and Egyptian entities. The Redcon Group is committed to serving as a bridge for Egyptian infrastructure expertise to support sustainable development across the African continent, and we are currently developing our business case study to take our first step." The data presented at T20 indicates enormous potential in the housing sector, with Nigeria, for example, suffering from a deficit of 17 million units, in addition to gaps in electricity coverage and transportation routes, which opens the door wide for experienced Egyptian development and construction companies such as Redcon Construction