Mountain View for development and real estate investment announces pumping EGP 6 bn in investments during 2023 to accelerate the pace of construction in the company’s various projects, Invest-Gate reports.

The investment is set to be used to deliver units to clients on the agreed dates.

The company aims to support the sustainability of the growth of the national economy, provide more job opportunities, and meet the increasing demand for housing units.

Mountain View plans to spend the new investments on developing new phases of its projects, and expand the package of services provided through launching new projects in the commercial sector and investing abroad to replicate the company’s successes in different markets.

Amr Soliman, Chairman of Mountain View, notes that the company will work during the new year to develop existing projects in order to deliver the largest number of units to customers.

The company will also strengthen partnerships with major international companies to provide a unique level of urban development that meets the various requirements of our customers, Soliman adds.

Mountain View invests around EGP 11 bn in 2022 and 2023, creating thousands of direct and indirect jobs. 

The annual growth of the company’s investments was reflected in the increase in the number of units delivered to customers, which reaches 1,500 units in 2022.

Mountain View achieves EGP 31 bn in sales during 2022 as a result of launching new projects in East and West Cairo and Ras Al-Hikma. The company plans to deliver more than 2,000 units in 2023.