'Redeem for Himself as a People' in the Bible

Who, then, is like thy people, like Israel, a nation alone in the earth? whom God went to redeem for himself as a people, so to make himself a name, and to do for you the great deed, fearful things also for thy land, to make way for thy people, whom thou hadst redeemed for thyself, out of Egypt, dealing with nations and their god's;