Egypt’s real estate developer Mountain View has directed EGP 6bn to accelerate the pace of construction in the company’s various projects during 2023.
Mountain View plans to direct its new investments to develop new phases within its projects, in addition to expanding its services through new launches in the commercial sector as well as pumping investments to expand in other markets to replicate its current success across different markets.
Mountain View investments witnessed an annual growth, which is clearly evident in the increase of the delivered units reaching more than 1,500 units over the past year. This year, the company aims to deliver more than 2,000 units. Moreover, the company achieved a huge leap and saw a significant increase in sales from EGP 2bn in 2018 to EGP 31bn in 2022 by launching new projects and phases in east and west Cairo, as well as Ras El Hekma, leveraging on the clients’ trust in the company’s innovative products.
“Mountain View is always keen to provide urban development that meets the various requirements of our customers, aiming to create an added value to the Egyptian real estate market,” said Amr Soliman, Founder and Chairperson of Mountain View. “Our plans this year are aiming to expand and achieve progress in the existing projects in order to deliver the largest number of units to our clients. Moreover, we will continue strengthening our partnerships with major international companies to provide an exceptional experience to our clients.”
The new investment injected by Mountain View solidifies the company’s esteemed position in the Egyptian economy as one of the leading real estate developers. With investments amounting to EGP 11bn during 2022 and 2023; Mountain View provides thousands of direct and indirect job opportunities and contributes to the establishment of integrated urban projects.
