– $250 Million Cairo Real Estate Project Marks Historic Partnership with Former Egyptian PM
SEOUL, South Korea and CAIRO, July 28, 2025 /PRNewswire/ — ASEAN’s digital finance pioneer EDENA and Egypt’s influential BEK Group have signed a definitive joint venture agreement to establish the Middle East’s first 24/7 digital securities exchange, launching with a $250 million Cairo real estate tokenization project.
The partnership, sealed in just 48 hours and led by Eng. Khaled Abdullah, BEK Chairman and former Egyptian Prime Minister Ibrahim Mahlab, positions Cairo as the digital finance hub for 70 countries and 2 billion people across the Middle East and Africa.
Strategic Alliance with Egypt’s Power Players
BEK Group, founded in 1949 and guided by former PM Mahlab as Managing Director, brings unmatched market expertise. Mahlab, who previously led the Suez Canal expansion as CEO of Arab Contractors, continues as strategic advisor to President El-Sisi.
“This partnership will open up access to premium assets across MENA,” stated Wook Lee, EDENA CEO. “We’re creating a financial bridge between Asia and the Middle East–Africa region.”
Breaking Investment Barriers
The EDENA-BEK platform revolutionizes traditional investing:
- Minimum investment: $10 (vs. millions traditionally)
- Trading: 24/7/365 across time zones
- Transaction costs: 90% lower
- First project: $250M Cairo mixed-use development
Market Dominance Through Exclusivity
The agreement grants exclusive rights across 70 MENA-Africa countries, positioning the venture to capture an estimated $2 trillion tokenization opportunity.
“We’re not just entering the market – we’re creating it,” declared Eng. Khaled Abdullah, BEK Chairman.
Proven Technology Meets Local Expertise
EDENA brings operational exchanges across ASEAN markets, with Indonesia launching September 2025. Combined with BEK’s 75-year legacy and government relationships, the venture targets Q4 2025 launch with a $5 billion project pipeline.
Beyond real estate, the platform will revolutionize carbon credit trading, connecting Egyptian carbon assets to global markets at significantly higher values.
Connecting 2.6 Billion People
By linking EDENA’s ASEAN network with MENA’s population, the platform creates the world’s largest emerging market digital finance corridor. The venture has already attracted significant interest from global investors.
2025-2027 Targets:
- Year 1: $1 billion tokenized assets
- By 2027: $10 billion transaction volume
- Coverage: 30+ countries
About EDENA-BEK Group
A strategic joint venture between EDENA, ASEAN’s leading digital securities exchange operator, and Egypt’s BEK Group, established to build the Middle East and Africa’s first comprehensive digital securities ecosystem.
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SOURCE Edena Capital Partners
