Mountain View signed a contract with Midar for Investment and Urban Development to develop a 638-acre land in Mostakbal City, New Cairo, Invest-Gate reports.

This project is a strategic move by Mountain View to expand its land portfolio and offer its clients a diverse range of housing options. The company aims to create integrated communities based on the science of happiness and innovative concepts.

This new land in Mostakbal City is a significant addition to Mountain View’s existing land portfolio, which exceeds 3,000 acres and includes 18 projects across three main destinations in Cairo and coastal locations overlooking the Red Sea and the Mediterranean Sea.

Notably, Mostakbal City is strategically located near major roads and intersections, including the Cairo-Suez Road, the New Administrative Capital, and the Regional Ring Road.

The project, scheduled for launch in the last quarter of 2023, will span an extensive area equivalent to the size of a city and offer a comprehensive range of residential units, including apartments, villas, various housing options, and a retail area.

For his part, Amr Soliman, Founder & Chairman of Mountain View, said, “Mountain View looks forward to seizing all expansion opportunities in line with our primary goal of developing innovative, world-class Egyptian real estate projects, following our 18 years of success in incorporating the science of happiness into all our endeavors.”

Moreover, Ayman ElKousey, Managing Director and CEO of Midar for Investment and Urban Development stated that this strategic partnership with Mountain View significantly augments the value of the Mostakbal City, a cutting-edge fourth-generation urban development meticulously crafted by Midar for Investment and Urban Development. More details about the new project will be revealed in the third quarter of 2023.

It is noteworthy that Mountain View’s purchase of the new land aligns with the company’s preparations to establish its latest innovation, which is a continuation of its endeavor to break the norm and bring new offerings to the real estate market.