Mountain View Development has announced the launch of its latest project “Plage” in the North Coast, with a total investment of EGP90 bn, Invest-Gate reports.

Spanning 900 feddans, the new project features various experiences, including “The Wave Plage” and “The Greek Plage,” the first experiences to be introduced. All experiences boast direct views of the Sidi Abdel Rahman Bay, including 14-feddan lagoons, epitomizing vibrant coastal living with year-round activities.

Strategically located in the heart of Sidi Abdel Rahman at kilometer 120 on the Alexandria-Marsa Matrouh Road, the project is a two-and-a-half-hour drive from Cairo and close to major landmarks, entertainment, and commercial areas of the North Coast.

Commenting on the new project, Amr Soliman, Founder and Chairman of Mountain View, said, “Mountain View recognized that the North Coast would become a prime real estate investment area in Egypt and the region. We were among the first to invest in Ras El Hekma in 2007. Today, we are delighted to announce the launch of ‘Plage,’ our latest project in the area.”

Moreover, Wael Ezz, CCO and board member of Mountain View, added, “Mountain View reaffirms its leadership in the Egyptian real estate market by offering projects that redefine residential units, aligning with the Egyptian government’s direction to create second-home projects that attract year-round residents.”

Also, the exclusive “The Wave Plage” experience, inspired by Greek architecture and spanning 65 feddans, features year-round activities, including a dedicated water-skiing area. This experience includes a beachfront hotel and villa-only units such as townhouses, twin houses, sea villas, and beach villas, all with direct sea views.

Notably, launching “Plage” Mountain View’s third project in the North Coast, is part of their strategy to replicate their successful Ras El Hekma experience.