Mountain View Developments has announced the launch of “Mountain View Saudi Arabia,” marking a significant step in its regional expansion strategy, Invest-Gate reports.

The company’s first land acquisition in the Saudi Arabia, in partnership with Maya Real Estate Development and Al Saedan Real Estate, is strategically located in Riyadh. This acquisition begins an ambitious plan to develop multiple projects and urban communities in alignment with Saudi Arabia’s Vision 2030.

Moreover, the land’s strategic location in Riyadh reflects Mountain View’s focus on expanding into neighboring markets, particularly Saudi Arabia, which plays a crucial role in the Middle East due to its robust economy, growing population, and rapidly expanding real estate market.

For his part, Amr Soliman, Founder & Chairman of Mountain View, highlighted that entering the Saudi real estate market has long been a key aspiration for the company. “We plan to develop a unique community on this newly acquired land, offering essential services and community activities that align with the pillars of humanity and quality of life central to Vision 2030,” said Soliman.

Furthermore, Soliman emphasized Mountain View’s commitment to forming partnerships and acquiring new lands in Saudi Arabia as part of its broader goal of positively impacting the communities it serves.

Saudi Arabia’s Vision 2030, which prioritizes comprehensive urban development and city modernization, presents significant opportunities for developers and investors to participate in these transformative projects.

Riyadh’s strategic importance positions it as a key player in achieving Saudi Arabia’s goal of increasing homeownership to 70% in the coming years.

Notably, Mountain View is dedicated to contributing to this urban progress through its innovative designs and visionary approach, solidifying its reputation as one of Egypt’s leading real estate developers.