Radix Development is the Egyptian arm of Saudi-based Mawfeq Holding Group, whose history goes back to 1965. It began operating in Egypt in 2018 under the name Salmaniya Real Estate Development. The company focuses on commercial, administrative and residential projects in the New Administrative Capital, and its best-known project is Spinner Mall in the MU23 mixed-use district.
About Radix Development
The company announced Spinner Mall in 2024 with investments of around EGP 2.5 billion, alongside other projects such as Ray Residence. Commercial projects call for careful study, so check the construction stage, the delivery date stated in the contract and the mall’s operating plan before you book, and compare prices before and after discounts on the same basis.
Radix Development Projects
| Project | City | Price |
|---|---|---|
| Spinner Mall New Capital | New Administrative Capital | From EGP 3.86 million as of November 2026 |
Spinner consists of Building A for retail, Building B for offices and Building C for clinics and medical centers, with a ground floor and 11 typical floors above three basement levels for parking. Its design is built around two interlocking circular masses that give the project its name. You can find neighboring commercial projects on the New Administrative Capital page.
Radix Development FAQ
Who is Radix Development?
It is the Egyptian arm of Saudi-based Mawfeq Holding Group, whose history goes back to 1965. It began operating in Egypt in 2018 under the name Salmaniya Real Estate Development.
What is Spinner Mall?
A commercial, administrative and medical project of three buildings in the MU23 mixed-use district of the New Administrative Capital on the Al Amal Axis, on a land area of 10,742 square meters.
How much does a unit in Spinner Mall cost?
As of November 2026, Spinner Mall prices start from EGP 3.86 million.
When is Spinner Mall delivered?
No official handover date has been announced yet and the project is under construction. We recommend having the date stated in writing in the contract.
Developer projects
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Projects by Radix Development
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