Tuesday 04 Mar

Real estate

Mountain View, STM launch 500-acre project in East Cairo


Mountain View, STM launch 500-acre project in East Cairo

Mountain View Real Estate Development and Investment Company has formed a partnership with STM Investment to develop a 500-acre residential project within "Kayan City" in East Cairo, offering over 1,200 ready-to-move-in villas.

Engineer Wael Ezz, Co-CEO of Mountain View, emphasized that the partnership with STM Investment will accelerate the project's implementation, ensuring quality and leveraging the strategic location of Kayan City.

In 2024, Mountain View Real Estate recorded sales of 105 billion Egyptian pounds, a 72% increase, marking a record year for the company.

The company's record sales are directly linked to the launch of significant projects, such as the 715-acre "Kingsway" in West Cairo and the 90 billion EGP "Plage" development on the North Coast.