Mountain View announces the launch of a new phase of its project “Lake Side Villas”, with investment worth EGP 3.5 bn on an area of ​​53 acres, Invest-Gate reports.

The new phase encompasses villas ranging from 185 to 500 sqm designed with three different heights, up to 18 m, overlooking a central park, and large green spaces and lakes extending all over it; in addition to walking and meditating areas, according to a recent company press release.

On his part, Amr Soliman, chairman of Mountain View reveals that the company tempts to sustain its revenues and its assets from projects, especially the non-residential.

“The client is more aware and involved in the real estate market and we started turning our promises into tangible projects and facilities. Therefore, we have partnered up with Egypt Learning Group to introduce Haileybury School in iCity, for the first time in the Middle East, with investments worth EGP 500 million”, Soliman adds.

Furthermore, Chillout Park includes investments of nearly EGP15 bn. It is built on an area of ​​216 acres and includes 1,957 housing units. The company has delivered more than 550 units of the project, as it is already a livable project, the statement reads.

It’s worth mentioning that iCity is the first project to be implemented in a four-dimensional system of international standards. It includes smart solutions that separate the movement of individuals in residential areas from cars, to create a safer and quieter society. The company aims to deliver 380 units of the first phase of the project in Q4 2021; all facilities are currently available at the project. Also, the company is seeking to invest a total of EGP 650 mn in construction during 2021.