Mountain View, Alesayi Investment Group Pen Deal to Form JV in Saudi Arabia

Mountain View, Alesayi Investment Group Pen Deal to Form JV in Saudi Arabia

Mountain View for development and real estate investment signs an agreement with Omar Kassem Alesayi Investment Group As part of the company’s strategy to expand abroad and in an effort to contribute to development of the Real Estate as part of the Quality-of-Life Program, one of the Saudi Vision 2030 Realization Programs, Invest-Gate reports.

The agreement aims at forming a joint venture company (JV) in the field of construction and real estate development in the Kingdom of Saudi Arabia, to create world-class integrated urban projects, and tourists’ resorts.

The JV also aims to promote investments in the sector, inside the Kingdom.

Considering the extensive experience that both parties have in the fields of investment and real estate development, this agreement aims to strengthen the cooperation and exchange of experiences between the two companies. It also focuses on finding opportunities to develop joint innovative housing projects, such as real estate development, residential projects, shopping centers and hospitality.

The agreement is signed, in the attendance of Mountain View’s Founder & Chairman, Amr Soliman, Alesayi Holding Group’s Member of the Board of Directors, Mohammed Omar Alesayi, and Mountain View’s Chief Investment Officer, Ghada Nour, along with Alesayi Holding Group’s CEO, Hany Habashy.

“At Mountain View, we take pride in developing 15 urban projects over the past 17 years since we started across Egypt, which earned the trust of thousands of customers thanks to their innovative and unique designs,” Soliman says.

Alesayi highlights the importance of this agreement, considering its compatibility with the latest real estate trends in the Saudi market, one of the most promising future global markets among other vital sectors.

Such collaboration will contribute to the development of new areas of economic activities, creating job opportunities, and advancing economic development; to play a part in achieving Kingdom’s Vision 2030, to increase the percentage of ownership of residential units to 70% over the next ten years.


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