Private developer Dar Al Mimar Group, more commonly known as Mountain View, in alliance with Saudi-based Sisban Holding, will launch the second phase of its Mountain View-iCity development in New Cairo, Al Borsa reported on Thursday.

The compound is set to be built on 500 acres at a total cost of $3.6 bn, and includes apartments, apartments with gardens, and villas, with unit floorplans ranging between 100 and 600 square meters.

Mountain View-iCity will contain a total of 18,000 residential units, and is the first joint project between Mountain View and the Saudi-based Sisban Holding.