Successfully, Mountain View announced the signing of a strategic partnership with Arabtec Construction valued at EGP 5 billion. The agreement aims to accelerate the pace of construction works across Mountain View’s projects in East Cairo.
Signed by Dr. Maged Mobarak, CPO at Mountain View, and Eng. Abdulrahman Ismail, Managing Director at Arabtec, in the presence of Eng. Wael Lotfy, Co-CEO at Mountain View, the partnership reinforces confidence in the sustainability of the company’s developments and ensures the delivery of project phases in line with scheduled timelines.
The partnership will focus particularly on the Aliva project in Mostakbal City, a cornerstone of the company’s development strategy in East Cairo. It coincides with the completion of excavation, land leveling, and permitting works, paving the way for the launch of the project’s primary construction activities as planned.
The long-term strategic partnership between the two companies kicks off with investments totaling EGP 5 billion, including EGP 2 billion for the first phase of the Aliva project in Mostakbal City, EGP 2 billion for the iCity New Cairo project covering Lagoon Park, Mountain Park, and Podium Park, and EGP 1 billion for the commercial zone of MVI.I. This investment plan is designed to ensure adherence to agreed timelines, enhance construction efficiency, and guarantee the highest quality in delivering both residential and commercial project components.
Eng. Wael Lotfy, Co-CEO at Mountain View, stated, “We are committed to channeling our investments carefully across a diverse portfolio of residential and commercial projects, reinforcing our position as a leading and trusted brand in the Egyptian real estate market. We believe that innovation is the foundation of our sustained success, whether by adopting cutting-edge design and urban development concepts or by creating living experiences that add genuine value to our customers’ lives, redefining the model of integrated communities in Egypt.”
“We are thrilled to continue our partnership with Mountain View, which has already delivered remarkable projects such as Lagoon Park, Mountain Park, and Soul Podium Park,” remarked Eng. Abdulrahman Ismail, Managing Director of Arabtec. “Aliva Mostakbal City project is a natural extension of this successful collaboration. As the general contractor, we dedicate our full expertise to accelerating execution while adhering to the highest quality standards and scheduled timelines. This partnership reflects the mutual confidence between the two institutions and also reaffirms our capability to transform ambitious urban visions into integrated realities that strengthen Egypt’s real estate market.”
Dr. Maged Mobarak, CPO at Mountain View, added, “This partnership extends our strategy of forging long-term collaborations with leading companies that embody expertise, sustainability, and quality, supporting our 2030 vision and investment plans. Working with a reliable partner like Arabtec, with its strong track record, is a key step toward accelerating implementation while maintaining the highest standards of construction and delivery.”
Spanning more than 638 feddans, Aliva stands as one of the largest and most significant developments in the area. The project will feature more than nine carefully designed lifestyle experiences tailored to meet the needs and aspirations of over 10,000 families, bringing Mountain View’s vision of integrated living to life and redefining the concept of urban communities in Egypt. By the end of this year, total construction partnerships for Aliva Mostakbal City project are expected to reach approximately EGP 10 billion, including EGP 2 billion channeled through this strategic alliance with Arabtec.
