Mountain View reveals its contractual sales during H1 2022, registering EGP 11 bn with an annual growth rate of 63% exceeding the company’s original target, Invest-Gate reports.
The company attributed the reason to its variety of offered in the country’s different locations, including East Cairo, West Cairo, the North Coast, and the Red Sea, in addition to implementing the science of happiness in all company’s projects.
The increase in sales is considered the largest sales of the company so far during a 6-month period. This supports Mountain View to maintain its status among the largest real estate development companies in Egypt in terms of sales and projects.
Likewise, the real estate developer managed to sell 2,843 units during H1 2022. Meanwhile, the West Cairo projects led those sales with a total of 1,396 units worth more than EGP 4 bn divided across Mountain View iCity in 6th of October City, Mountain View October Park and Chill Out Park, followed by the Mountain View iCity project in New Cairo, which acquires almost EGP 3.5 bn of sales.
Amr Soliman, founder and chairman of Mountain View, says that the company aspires to expand its projects and seeks new opportunities to invest in, in order to create dynamic communities.
Additionally, Mountain View is keen on working with highly qualified engineers, design firms, and consultants to deliver projects that innovate to enhance the clients’ experience, meet the ever-changing needs of customers, and keep up with the latest developments in the real estate sector.
In a similar vein, Mountain View CCO Wael Ezz explains that the company aims to achieve EGP 10 bn in sales during H1 2022 but it exceeds this target to reach EGP 11 bn. This is considered a great step in overcoming the repercussions of the global economy on the Egyptian real estate market.
Ezz adds that the company seeks to generate more sales during H2 2022 and reach EGP 20 bn, as well as continuing its role in supporting the national economy by driving investments worth EGP 5 bn to boost employment, increase the national product, and meet the demands for housing units.
Mountain View succeeded in delivering more than 1,200 units to its clients during H1 2022. I-City project in New Cairo acquires the vast majority with 800 units, as a result of the company’s plan to drive investments worth EGP 5 bn in 2022 and develop more projects.