Mountain View
Mountain View for Development and Real Estate Investment has signed a long-term syndicated loan agreement with a consortium of six leading banks in the Egyptian market. The maximum tenor of a seven-year loan, valued at EGP 6.2 billion, underscores the company’s strong market position and the trust that it possesses from the banking sector. The alliance will finance part of the total EGP 14.4 billion investment cost of Mountain View’s new project in East Cairo.
Banque Misr leads the banking consortium, acting as facility agent, security agent, and account bank, and includes five other leading banks in the Egyptian market, including QNB Egypt, Industrial Development Bank, The United Bank, Egyptian Gulf Bank (EGBank), and Al-Baraka Bank Egypt, all participating as lenders.
The signing ceremony was held on Wednesday, July 30, 2025, and attended by senior representatives from the participating banks and Mountain View. Signatories included Mohamed Khairat, Head of Corporate Banking and Syndicated Loans at Banque Misr; Abdel-Rahman Talaat, Head of Corporate Finance and Investment Banking at QNB Egypt; Essam Morsi, Head of Corporate Credit and Syndicated Loans at Industrial Development Bank; Alber Nassan, Head of Syndicated Loans at The United Bank; Karim Shabana, Head of Large Corporate and Syndication at EGbank; and Moustafa Al-Aroussy, Deputy Chief Executive Officer at Al-Baraka Bank Egypt. From Mountain View, the signatories included Eng. Amr Soliman, Founder and Executive Chairman; Eng. Wael Lotfy, Co-CEO, and Dr. Amr El-Khouly, Group CBO.
“The signing of this syndicated loan reflects the great confidence that leading Egyptian and regional banks have in our investment model and long-term vision,” remarked Eng. Amr Soliman, Founder and Executive Chairman of Mountain View. “This financing will accelerate our expansion plans, enhance our ability to develop fully integrated communities in line with the highest standards of sustainability and quality of life. At the same time, it embodies the vital role of the banking sector in supporting urban development and enabling real estate developers to create sustainable economic and social value that meets the needs of the future.”
For his part, Hisham Okasha, CEO of Banque Misr, stated, “Our commitment to supporting Egypt’s real estate sector is part of our role in driving economic growth and in alignment with Egypt’s Vision 2030. The real estate sector is so important as a key driver of multiple industries and employment opportunities, and this financing will contribute to sustainable development plans and the creation of integrated urban communities within the sector.”
Mohamed Bedeir, CEO of QNB Egypt, said, "Our participation in this syndicated loan demonstrates our commitment to supporting the national economy through investments in vital sectors, particularly real estate, a major driver of economic growth, job creation, and support for related industries such as construction and contracting. This partnership with Mountain View reflects our belief in the importance of collaboration between the banking and real estate sectors, and our dedication to financing projects that deliver both economic and social value."
“We are thrilled to participate in this financing. Such strategic banking partnerships have a great influence on supporting key economic sectors. That’s why we are committed to providing innovative financing solutions that advance sustainable development in real estate, industry, and infrastructure.” Said Hussein Refaei, CEO and Managing Director of Industrial Development Bank.
“The real estate sector has a transformative role in reshaping Egypt’s urban and economic landscape,” stated Ashraf El Kady, CEO and Managing Director of The United Bank. “This sector plays a key role in the Egyptian government’s plan to broaden urban development and maximize real estate investments across all governorates. This is achieved through the establishment of new urban communities and encouraging citizens to live and work in them, such as the New Administrative Capital, in addition to 12 new cities nationwide, including New Alexandria, New Assiut, and New Suez, as well as resort villages along the North Coast. From an investment perspective, real estate remains one of the safest and most appealing investment channels for Egyptians, with the market currently experiencing significant growth and prosperity in construction, sales, and purchases. Economically, the sector serves as a primary and direct driver of numerous industries, most notably construction, building materials, and manufacturing. This, in turn, stimulates economic growth, creates more job opportunities, develops infrastructure, and supports expansion in the field of digital transformation.”
Karim Shabana, Head of Large Corporate and Syndication at EGBANK, said, “This financing reflects our commitment at EGBANK to supporting visionary entities like Mountain View. Financing this project marks a significant step toward urban expansion and highlights the vital role of financial institutions in channeling funding toward projects with a tangible developmental impact. The success of this syndicated loan stands as evidence of the mutual trust between the participating banks and Mountain View and reaffirms the project’s position as a key component in modern real estate development plans. We at EGBANK take pride in our role in supporting this vital sector, which serves as a fundamental driver of economic growth.”
Hazem Hegazy, CEO and Vice Chairman of Al Baraka Bank Egypt, added, “We are excited to finance Mountain View’s integrated project in New Cairo. The company always stimulates economic activity across multiple sectors through its role in creating new urban communities.”
The participating banks reaffirmed their shared commitment to supporting Egypt’s national economic development plans and playing an active role in advancing sustainable growth.
This landmark financing reinforces Mountain View’s position as a trusted partner for leading financial institutions to remain steadfast in executing its ambitious plans to deliver fully integrated communities aligned with Egypt’s Vision 2030, enhancing the quality of life for Egyptian citizens.
