Mountain View Launches “Mountain View KSA” as Part of the Company’s Regional Expansion
Mountain View for Real Estate Development and Investment has announced the launch of “Mountain View KSA,” marking the beginning of its regional expansion with a focus on the Saudi market. Mountain View KSA has acquired its first plot of land in KSA, in partnership with Maya Real Estate Development and Investment Company and Al Saedan Real Estate Company. This acquisition will be followed by the purchase of several other prime lands as part of the company’s futuristic plan to develop multiple projects and urban communities in alignment with Saudi Arabia’s Vision 2030.
The acquired land is strategically located in Saudi Arabia capital, Riyadh, and this acquisition falls within the company’s plan to expand into other markets, particularly the Saudi real estate sector leveraging the Kingdom’s pivotal role in the Middle East due to its economic strength, growing population, and the rapid expansion of its real estate market.
Mountain View’s entry into the Saudi Arabian market marks a strategic expansion for the prominent Egyptian real estate developer. With nearly two decades of expertise and a portfolio of 19 innovative residential communities in Egypt, Mountain View has established itself as a leader in the industry. Following its recent land acquisition, the company is set to replicate its successful model of integrated urban projects, underpinned by its “Science of Happiness” approach, and tailored to cater to the needs and dynamics of the Saudi market. This move underscores Mountain View’s commitment to extending its “Bringing Life to Land and Spreading Happiness Around Us” vision across the region.
“Our expansion into the Saudi real estate market has been one of the company’s plans to expand in other markets, particularly given the market’s tremendous growth potential. We will develop a distinguished community on this new plot of land, incorporating all essential services and community activities, aligned with the principles of humanity and quality of life that resonate with Saudi Arabia’s Vision 2030.”Remarked, Eng. Amr Soliman, Founder and Executive Chairman of Mountain View.
He further added, “Mountain View consistently seeks to forge strategic partnerships and acquire new lands in Saudi Arabia, with the aim of expanding our operations and making a meaningful impact on the communities we serve. Vision 2030 is set to pave the way for comprehensive urban development and a broad enhancement of Saudi cities, presenting substantial opportunities for developers and investors to engage in these transformative projects and achieve significant returns on investment. The Kingdom has identified the housing sector as a cornerstone of Vision 2030, with the Saudi Ministry of Municipalities and Housing targeting the construction of 300,000 housing units over the next five years in collaboration with the private sector”.
From his part Eng. Wael Ezz, Partner & Co-CEO at Mountain View, stated “The Saudi Arabian market represents the first step in Mountain View’s expansion beyond Egypt, offering us a tremendous opportunity for regional growth. We are honored to contribute our vision by bringing our pioneering and distinguished experience, along with our real estate vision, to the Saudi market through the development of urban projects that adhere to the highest global standards. This is based on the principles of the Science of Happiness, which has brought a significant transformation to the Egyptian real estate market”.
Defined by its strategic location, Riyadh is poised to play a crucial role in achieving comprehensive urban development and raising the homeownership rate to 70% in the coming years. Therefore, Mountain View is dedicated to contributing to community development and advancing urban progress in the Kingdom. With its visionary approach and innovative designs, which have cemented its reputation as one of Egypt’s leading real estate developers, Mountain View is well-positioned to make a significant impact on Saudi Arabia’s real estate landscape.
