Mountain View to buy EGP 3B new lands till end-2023

Updated 5/29/2023 10:59:00 AM
Mountain View to buy EGP 3B new lands till end-2023

Arab Finance: Egyptian property development company Mountain View is planning to buy new lands for EGP 3 billion to the end of 2023, Founder and Chairman Amr Soliman told Asharq Business on May 29th.

The company is also targeting to issue an EGP 1 billion securitization, he added.

Soliman noted that the firm will sign some of the contracts pertaining to the new lands within two weeks to boost its land bank.

Moreover, the company will be present in the Saudi market in the upcoming period via partnerships with firms in the kingdom, where Mountain View will start with a small project or be part of a major one, he added.

Also, Soliman indicated that Mountain View’s contractual sales in 2023 are likely to remain within the range of EGP 30-50 billion as compared to 2022.

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