Mountain View’s landmark entry into Saudi Arabia’s growing real estate market could not be described as anything less than historic. Invest-Gate has the pleasure of meeting the mastermind behind the company’s strategic expansion Eng. Amr Soliman, Founder and Executive Chairman of Mountain View.

What sets the Saudi real estate market apart from other GCC markets, and how does Mountain View uniquely meet its demands?

The Saudi real estate market is distinguished by its rapid expansion, driven by the Kingdom’s Vision 2030, which focuses on urban development and increasing homeownership to 70% in the coming years. Given that the Ministry of Municipalities and Housing is targeting the construction of 300,000 housing units over the next five years, with private sector collaboration. Mountain View, with nearly two decades of expertise and a portfolio of 19 innovative residential communities in Egypt, is well-positioned to cater to the Saudi market needs and requirements. Mountain View Saudi Arabia will play a pivotal role in achieving their vision through the unique approach of “Science of Happiness” which focuses on creating integrated communities that promote well-being and cater to the Kingdom’s demand for modern, sustainable housing.

What is the strategic significance of Mountain View’s first land acquisition in Saudi Arabia, and how do you plan to capitalize on it?

Mountain View’s first land acquisition in a very strategic location in Riyadh marks a significant milestone in our regional expansion. This is the beginning of a broader plan to acquire prime locations across the Kingdom, with the aim of developing multiple projects and urban communities that support Saudi Arabia’s growth objectives.

Can you elaborate on your partnership with Maya Real Estate Development and Al Saedan Real Estate? What other collaborations does Mountain View aim to establish in Saudi Arabia?

We consistently seek to forge strategic partnerships with prominent entities to develop comprehensive urban communities and have a remarkable impact on the communities we serve. Accordingly, we decided to join forces with two esteemed Saudi entities, Maya Real Estate Development and Al Saedan Real Estate, to develop our first project in the Saudi market. This partnership reflects our strategy of leveraging the giant expertise of Mountain View in developing happy communities along with the established Saudi partners’ expertise to enhance regional urban development. Moving forward, we plan to forge additional strategic alliances to support our expansion across the Kingdom.

What future projects does Mountain View plan to undertake in Saudi Arabia? Are you focusing on tourism, housing, or commercial real estate?

Our immediate focus is on developing urban communities that align with Saudi Arabia’s Vision 2030 housing targets, through the launch of Mountain View Saudi Arabia. Over the recent period, we have been analyzing market potential and client needs to tailor our projects precisely to cater to the dynamics and needs of the Saudi market. While housing projects remain our priority, we are always open to exploring opportunities that incorporate essential services, community activities, and potentially expand into other sectors.

What advantages does Mountain View bring to the Saudi property market compared to other developers?

With nearly 20 years of experience and 19 innovative residential communities in Egypt, Mountain View has established itself as a leader in the real estate industry. Our unique “Science of Happiness” approach and spreading our vision of “Bringing Life to Land and Spreading Happiness Around Us” throughout the region, focuses on creating thriving, integrated communities that meet the growing demand for modern, sustainable housing and offer different living experiences for the families.

And since our core philosophy not only focuses on buildings and construction but is dedicated to creating integrated communities understanding the needs, aspirations, and wellbeing of individuals as we are a human-centric company, we have introduced a holistic approach to creating happy communities. This positions us to make a meaningful contribution to the Kingdom’s urban development, in line with Vision 2030.

Besides Riyadh, which other locations in Saudi Arabia is Mountain View targeting for expansion? And Does Mountain View have plans to expand into other markets

As we embark on our regional expansion in Riyadh, Saudi Arabia, our strategy includes extending our presence to additional key locations across the Kingdom in alignment with Vision 2030’s urban development objectives. We are also exploring opportunities to penetrate other strategic regions and neighboring markets to support our long-term growth expansion plan.