STM Investment, a leading property development and investment firm, has signed a strategic memorandum of understanding with La Vista Developments, one of the country’s most prominent real estate developers, Invest-Gate reports.

The agreement covers the marketing and development of the flagship “La Vista City” project, along with future collaboration across upcoming developments, with the aim of promoting Egyptian real estate in international markets.

The partnership brings together La Vista’s deep expertise in delivering high-quality, sustainable luxury developments and STM Investment’s strengths in international marketing and real estate investment promotion.

Commenting on the agreement, Abdel Rahman El-Gohary, Managing Director of STM Investment, said: “This partnership aligns with our strategy to build alliances with leading developers in Egypt. Through our cooperation with La Vista, we aim to promote Egyptian real estate globally by leveraging our network of top banks and international investors. Egypt has the potential to compete globally, and we plan to highlight that through projects that meet the highest international standards.”

La Vista City is the largest development in the heart of the New Administrative Capital, spanning 910 feddans. It includes commercial and entertainment services, walking and jogging tracks, and one of the largest green spaces across the capital.

Commenting on the partnership, La Vista co-founders Eng. Alaa Hady and Eng. Mohamed Hady said: “We believe this collaboration with STM will open new horizons to showcase our flagship projects to local and international investors alike.”