Cairo, 19 January 2025
Mountain View for Development and Real Estate Investment has announced a series of exceptional achievements in 2024, solidifying its position as one of the leading real estate developers in the Egyptian market. The company recorded unprecedented sales of EGP 105 billion during the year achieving a 72% increase in sales growth for 2024 YoY.
In 2024, Mountain View delivered 4,000 residential units across its ongoing projects. Additionally, the company launched several new developments, including Kingsway in West Cairo, spanning 715 acres, and Plage in Sidi Abdel Rahman, North Coast, with investments of EGP 90 billion over 900 acres. The year also marked Mountain View's debut in the Saudi market with its first project, One Mountain View, targeting sales of SAR 1.5 billion.
"2024 was an extraordinary year by all standards. We achieved record-breaking sales of EGP 105 billion, entered the Saudi market, and launched two of our most significant projects in Egypt, aligned with Egypt’s Urban Development Vision 2052. It was truly a year of remarkable achievements and large-scale numbers, reflecting the trust of our clients in our developments. These successes inspire us to launch new projects and expand existing ones. We are also focusing on regional expansion to establish our presence in new markets, bringing our values of innovation and excellence while continuing to play a leading role in community development." Remarked, Eng. Amr Soliman, Founder and Executive Chairman of Mountain View.
Echoing this sentiment, Eng. Wael Ezz, Co-CEO of Mountain View, underscored the significance of the company’s flexible strategy and regional expansions in achieving record-breaking sales stating, "As part of our regional expansion, we officially entered the Saudi market with the launch of Mountain View Saudi Arabia. We acquired our first plot of land in the Kingdom to introduce One Mountain View, the first Signature Living project in Saudi Arabia, in collaboration with Maya Real Estate Development, targeting SAR 1.5 billion in sales. This expansion aligns with our strategy to bring our successful model of integrated communities, built on the principles of 'Science of Happiness,' to new regional markets."
Furthermore, Eng. Wael Lotfy, Co-CEO of Mountain View, attributed the company's success to its deep understanding of client needs and its adoption of innovative concepts in Egypt's real estate market. "Mountain View's comprehensive approach to real estate development goes beyond analyzing structural and design aspects. Our strategy prioritizes an in-depth understanding of clients' preferences and aspirations, enabling us to deliver projects that truly meet their needs."
On the community level, Mountain View Foundation continued its impactful social role through the Discovering Heroes program, which transformed the lives of over 40,000 students in five governorates and supported 350 families by providing essential services. Additionally, two foundation-supported champions achieved remarkable accomplishments in national and international Paralympic weightlifting competitions.
In the education and applied technology sector, Mountain View inaugurated Egypt’s first specialized school for facility and landscape management under the name Mountain View International Applied Technology School. Enrolling 200 students from 14 governorates, the school facilitated 15 innovative projects in national competitions. Four students won awards for two distinguished projects at the European Union Contest for Young Scientists (EUCYS) held in Poland.
Additionally, Mountain View launched Mountain View Club Management Company (MVCMC) with investments amounting to EGP 2 billion, reflecting the company’s ambition to expand its investments and diversify its business portfolio in the Egyptian market. This step aims to establish sports and social facilities designed to create diverse daily experiences that cater to the lifestyles of families and athletes alike.
Reaffirming its leadership and efforts in Egypt’s real estate market, Mountain View received two awards at the African Property Awards. Lagoon Beach Park at iCity Fifth Settlement project was named "Best Residential Development for 2024," while the Greenhouse at ALIVA Mostakbal City earned the title of "Best Residential Property 2024." The company was also honored with the Best Real Estate Development and Investment Company in Egypt for the 2024 award by World Business Outlook Magazine.
Over the past 20 years, Mountain View has established a distinctive footprint in developing innovative residential communities. The company boasts a land portfolio exceeding 4,000 acres, distributed across 20 projects, including 12 vibrant developments in four different regions. These encompass nine projects in East Cairo, six in West Cairo, and five along the Red Sea and Mediterranean coasts, in addition to one project in the Kingdom of Saudi Arabia.
About Mountain View:
Mountain View is a leading Egyptian company founded in 2005 with the aim of developing integrated urban communities. The Company adopted a unique vision, ‘Bringing life to land and spreading happiness around us,’ by applying the ‘Science of Happiness and Innovation’ in its projects and implementing them according to global standards. Over almost 20 years of urban development, Mountain View, within the framework of its mission ‘Together building a lighthouse to inspire towards meaningful, happy communities,’ has successfully developed 20 distinctive projects in three main destinations: West Cairo, East Cairo, and coastal areas overlooking the Red Sea and the Mediterranean. Within the company's plan to expand into other markets, Mountain View announced the launch of "Mountain View KSA” in 2024 in partnership with Maya Real Estate Development and Investment Company and Al Saedan Real Estate Company. Led by a team of experts and distinguished professionals, the company is committed to delivering the latest architectural and engineering designs and innovative concepts, such as "The Lighthouse"—the first place dedicated to community happiness—which operates its distinguished projects, allowing families to "Experience Happiness”.
