Wednesday 04 Dec
Mountain View, a leading real estate development company in Egypt, has signed a contract with Consolidated Contractors Company (CCC) to commence construction works on the final phases of its flagship project, iCity in New Cairo.
This latest phase encompasses 19 buildings and represents an investment of EGP 2.5 billion, part of the total EGP 10 billion allocated to the project. This strategic move aims to accelerate construction progress and enhance delivery timelines.
Mountain View has already invested EGP 14.6 billion in
construction across its various projects, including EGP 6 billion specifically
for iCity in New Cairo and October, through partnerships with major contracting
firms. These investments align with the company's commitment to delivering
projects on schedule.
Engineer Wael Ezz, Co-CEO of Mountain View, stated,
"Mountain View is dedicated to achieving significant advancements in the
construction of our projects in both East and West Cairo, while upholding our
commitment to delivering units to our customers on the agreed-upon
timelines."
Mohammed Tarek, Executive Director for Africa at CCC,
expressed optimism about the partnership, saying, "This collaboration
marks the beginning of a fruitful partnership with Mountain View across
multiple phases. CCC adopts a partnership model with its clients, aiming to
establish long-term contractual relationships."
Spanning 500 acres, iCity comprises six main districts: Mountain Park, North Park, Lagoon Park, Club Park, MV3, and MV Park.
