Latest news with #MountainViewforDevelopmentandRealEstateInvestment
Zawya
12-03-2025
- Business
- Zawya
Egypt: Mountain View targets $2.96bln in sales in 2025
Egypt - Mountain View for Development and Real Estate Investment has set an ambitious target of EGP 150bn in sales for 2025 while planning EGP 50bn in investments, including EGP 18bn allocated to construction. The announcement follows a year of exceptional achievements, securing Mountain View's position among Egypt's top three real estate developers for the fourth consecutive year. Amr Soliman, Founder and Executive Chairperson, emphasized the company's commitment to expansion, stating, 'This year, we have set an ambitious sales target of EGP 150bn, alongside our ongoing expansion strategy, which began last year with our entry into the Saudi market, bringing our expertise and vision to new territories.' Wael Ezz, Co-CEO, highlighted Mountain View's focus on timely project completion, noting that the EGP 18bn construction budget will support previously announced projects and phases. 'We are collaborating with over 100 major contracting and supply companies to ensure timely delivery, in line with our commitments to clients,' he added. Meanwhile, Co-CEO Wael Lotfy outlined Mountain View's broader EGP 50bn investment strategy, which includes expanding its land portfolio. 'We have already secured over 6,000 feddans and will continue to grow in line with our annual expansion strategy,' Lotfy said. He also emphasized the company's focus on enhancing community living, ensuring residents benefit from top-tier commercial and community services that cater to their everyday needs. Mountain View's strategic growth and investment plans reaffirm its leadership in Egypt's real estate market, positioning the company for continued success and regional expansion in the coming years.
Zawya
12-03-2025
- Business
- Zawya
Mountain View sets ambitious sales target of EGP 150bln
The announcement follows Mountain View's exceptional achievements and record sales last year, which reached EGP 105 billion, reaffirming its position as one of Egypt's top three real estate developers for the fourth consecutive year. Mountain View contributes to the growth of the Egyptian economy by providing over 50,000 direct and indirect job opportunities. The company's achievements have solidified its standing in both the Egyptian and regional markets as one of the leading real estate developers in Egypt. Mountain View has signed contracts with more than 100 major contracting and supply companies to execute construction work. Cairo: During its annual operating plan meeting, Mountain View for Development and Real Estate Investment announced its target of achieving EGP 150 billion in sales in 2025 and investing a total of EGP 50 billion, with EGP 18 billion allocated to construction. This follows a year of exceptional achievements that have solidified the company's position as one of Egypt's top three real estate developers for the fourth consecutive year. These outstanding accomplishments have also reaffirmed Mountain View's position as a strong and leading investor in the local market. The company consistently doubles its target figures annually, demonstrating its confidence in the Egyptian economy and the real estate investment climate. "Mountain View is a key player in Egypt's real estate sector, driven by our strong confidence in the country's economic potential and market growth. We continue to support economic development by generating over 50,000 direct and indirect job opportunities.' Remarked Eng. Amr Soliman, Founder and Executive Chairman of Mountain View. 'This year, we have set an ambitious sales target of EGP 150 billion, alongside our ongoing expansion strategy, which began last year with our entry into the Saudi market, bringing our expertise and vision to new territories." He added. Echoing this sentiment, Eng. Wael Ezz, Co-CEO of Mountain View, stated, "Mountain View aims to invest EGP 18 billion in construction work for previously announced projects and phases, collaborating with over 100 major contracting and supply companies to deliver its projects on schedule, in line with the agreed-upon timelines with clients. We are committed to increasing our investments each year due to our deep understanding of customer needs, our adoption of emerging trends in the Egyptian real estate market, and our dedication to providing the highest standards of safety, security, and advanced facilities.' For his part, Eng. Wael Lotfy, Co-CEO of Mountain View, added, "This year, Mountain View is investing a total of EGP 50 billion across a range of future plans, including expanding the company's land portfolio, which aligns with our annual expansion strategy, having already secured over 6,000 feddans to date. We are also focused on enhancing the daily living experiences of families by offering commercial and community services that cater to the everyday needs of Mountain View families.' Mountain View continues to lead the Egyptian and regional real estate markets by developing fully integrated urban communities that emphasize sustainable development and enriching the lives of its residents. The company also reaffirmed its commitment to corporate social responsibility through developmental initiatives and educational programs aimed at improving people's lives and fostering innovation among youth. About Mountain View: Mountain View is a leading Egyptian company founded in 2005 with the aim of developing integrated urban communities. The Company adopted a unique vision, 'Bringing life to land and spreading happiness around us,' by applying the 'Science of Happiness and Innovation' in its projects and implementing them according to global standards. Over almost 20 years of urban development, Mountain View, within the framework of its mission 'Together building a lighthouse to inspire towards meaningful, happy communities,' has successfully developed 20 distinctive projects in three main destinations: West Cairo, East Cairo, and coastal areas overlooking the Red Sea and the Mediterranean. Within the company's plan to expand into other markets, Mountain View announced the launch of "Mountain View KSA' in 2024 in partnership with Maya Real Estate Development and Investment Company and Al Saedan Real Estate Company. Led by a team of experts and distinguished professionals, the company is committed to delivering the latest architectural and engineering designs and innovative concepts, such as "The Lighthouse"—the first place dedicated to community happiness which operates its distinguished projects, allowing families to "Experience Happiness'.
Daily News Egypt
12-03-2025
- Business
- Daily News Egypt
Mountain View targets EGP 150bn in sales in 2025
Mountain View for Development and Real Estate Investment has set an ambitious target of EGP 150bn in sales for 2025 while planning EGP 50bn in investments, including EGP 18bn allocated to construction. The announcement follows a year of exceptional achievements, securing Mountain View's position among Egypt's top three real estate developers for the fourth consecutive year. Amr Soliman, Founder and Executive Chairperson, emphasized the company's commitment to expansion, stating, 'This year, we have set an ambitious sales target of EGP 150bn, alongside our ongoing expansion strategy, which began last year with our entry into the Saudi market, bringing our expertise and vision to new territories.' Wael Ezz, Co-CEO, highlighted Mountain View's focus on timely project completion, noting that the EGP 18bn construction budget will support previously announced projects and phases. 'We are collaborating with over 100 major contracting and supply companies to ensure timely delivery, in line with our commitments to clients,' he added. Meanwhile, Co-CEO Wael Lotfy outlined Mountain View's broader EGP 50bn investment strategy, which includes expanding its land portfolio. 'We have already secured over 6,000 feddans and will continue to grow in line with our annual expansion strategy,' Lotfy said. He also emphasized the company's focus on enhancing community living, ensuring residents benefit from top-tier commercial and community services that cater to their everyday needs. Mountain View's strategic growth and investment plans reaffirm its leadership in Egypt's real estate market, positioning the company for continued success and regional expansion in the coming years.
Zawya
06-03-2025
- Business
- Zawya
Egypt's Mountain View, STM Investment partner for residential project in East Cairo
Egypt-based property developer Mountain View for Development and Real Estate Investment has signed a partnership pact with STM Investment to develop a new project in Kayan City, East Cairo. The project, spanning 500 feddans, will feature over 1,200 ready-to-move-in villas, Mountain View said in a press statement. Financial details and project timelines weren't disclosed. (Writing by Eman Hamed; Editing by Anoop Menon) ( Subscribe to our Projects' PULSE newsletter that brings you trustworthy news, updates and insights on project activities, developments, and partnerships across sectors in the Middle East and Africa.
Zawya
06-03-2025
- Business
- Zawya
Mountain View and STM Investment collaborate to develop a premium residential community with global standards in Kayan City
Wael Ezz: The project's strategic location in Kayan City is a significant addition, as it is one of the most promising areas ensuring seamless access to key destinations in East Cairo. Abdel Rahman El Gohary: We look forward to this partnership marking the beginning of a fruitful collaboration between both companies on numerous future projects. Wael Lotfy: Through our collaboration with STM Investment, we aim to meet future market demands by developing a distinguished project that adopts the latest design and urban planning standards. Cairo – Mountain View for Development and Real Estate Investment has signed a partnership agreement with STM Investment to develop a new project in Kayan City, East Cairo. Spanning 500 feddans, the project will feature over 1,200 ready-to-move-in villas with diverse unit sizes. This collaboration marks a strategic step within Mountain View's expansion plans in East Cairo and its vision to develop fully integrated residential communities that adhere to the highest global quality standards. The signing ceremony took place at Mountain View's headquarters and was attended by Eng. Wael Lotfy, Co-CEO of Mountain View, and Eng. Abdel Rahman El Gohary, Managing Director of STM Investment. 'Our partnership with STM Investment represents a significant strategic step, playing a key role in executing the project within a short timeframe while maintaining the highest quality standards. We take pride in collaborating with STM Investment, whose vision aligns with ours in implementing these standards and adhering to delivery timelines. Additionally, the project's strategic location in Kayan City is a valuable asset, as it stands out as one of the most promising areas that ensure seamless access to vital destinations in East Cairo. We are confident that this partnership will contribute to the development of integrated residential communities in this prime location, which serves as a focal point for the future growth of the area.' Remarked Eng. Wael Ezz, Co-CEO of Mountain View. For his part, Mr. Abdel Rahman El Gohary, Managing Director of STM Investment, said 'We are delighted to collaborate with Mountain View, one of the most prominent and reputable real estate development companies in the Egyptian market, in the development of its new project in East Cairo. This project is a valuable addition to STM Investment's track record of delivering real estate developments that meet the highest global standards of quality and excellence. We are confident that this partnership will add mutual value to the remarkable achievements and extensive expertise of both companies, and we look forward to this marking the beginning of a successful collaboration on multiple projects in the future.' Echoing this sentiment, Eng. Wael Lotfy, Co-CEO of Mountain View, added, 'Through our collaboration with STM Investment, we aim to develop a distinguished residential project that embraces the latest design and urban planning standards to meet future market needs and reflect modern trends in the real estate sector. Our new project enjoys a strategic location in Kayan City, East Cairo, serving as a pivotal point for sustainable urban growth. This aligns with our vision of selecting land plots with promising future potential. We are confident that this project will serve as a model for innovation in real estate development and will further strengthen our position in the market as one of the leading companies offering high-quality developments.' STM Investment boasts a team of experts managing a diverse range of projects, including construction, high-quality architectural finishing, steel structures, prefabricated industrial projects, cinemas, as well as infrastructure, water reclamation, and landmark developments. The company is committed to setting industry benchmarks for excellence, ensuring high-quality performance while strictly adhering to project deadlines. STM Investment fosters teamwork and collaboration with various stakeholders to efficiently achieve its objectives. The company has obtained the ISO 9001 certification, an international accreditation affirming its commitment to implementing the highest global quality standards across all its operations. About Mountain View: Mountain View is a leading Egyptian company founded in 2005 with the aim of developing integrated urban communities. The Company adopted a unique vision, 'Bringing life to land and spreading happiness around us,' by applying the 'Science of Happiness and Innovation' in its projects and implementing them according to global standards. Over almost 20 years of urban development, Mountain View, within the framework of its mission 'Together building a lighthouse to inspire towards meaningful, happy communities,' has successfully developed 20 distinctive projects in three main destinations: West Cairo, East Cairo, and coastal areas overlooking the Red Sea and the Mediterranean. Within the company's plan to expand into other markets, Mountain View announced the launch of "Mountain View KSA' in 2024 in partnership with Maya Real Estate Development and Investment Company and Al Saedan Real Estate Company. Led by a team of experts and distinguished professionals, the company is committed to delivering the latest architectural and engineering designs and innovative concepts, such as "The Lighthouse"—the first place dedicated to community happiness—which operates its distinguished projects, allowing families to "Experience Happiness'.
