By: Abdullah Bedeir
Cairo – Mubasher: The property developer Mountain View has injected between 70-80% of its planned investments for 2019 since the beginning of January, chairman Amr Soliman said.
The real estate development firm’s plan includes investing between EGP 2-2.25 billion during 2019, Soliman told reporters on Sunday.
Accordingly, during the first nine months of 2019, Mountain View invested about EGP 1.6 billion in its projects in the most populous Arab nation.
New investments
In addition, the property developer aims to launch its latest project by the end of October in New Cairo in partnership with the Egyptian Ministry of Housing, the chairman revealed.
Spanning over 100 feddans, Office Park project will be situated in Tagamoa El Khames, he added.
The first phase of the project, covering an area of 30 feddans, will be established over a period ranging between three to four years with investments of EGP 5 billion, excluding the value of the land, he noted.
Soliman expected Mountain View to achieve sales of EGP 8 billion from the first phase of the to-be-established project.
