Egypt’s developer Mountain View is launching the co-develop project Office Park on 100 feddan this month, according to Amr Soliman, chairperson and founder of Mountain View-DMG.
Soliman told Daily News Egypt that the company is targeting EGP 8bn in sales for the project which will be established over four years.
Soliman elaborated that the project is being developed in partnership with the Ministry of Housing, pursuing international companies looking for administrative headquarters in Egypt. The first phase of the Office Park will be built on an area of 30 feddan with EGP 5bn in investments.
He revealed the company is looking to make profits of about EGP 5bn this year, as they continue the launching of their project Mountain View’s upcoming phases.
“We have been able to sell units of Mountain View Ras El-Hikma Rhodes project in the North Coast with total sales of EGP 1.5bn within two days of launching the project. This reflects the constant and strong demand in the market without any slowdown,” Soliman noted.
He disclosed that Mountain View aims to invest about EGP 2.25bn in the company projects this year, noting that about 70% of the allocated investments have been spent so far. The company is trying to focus on its plan to deliver its units in accordance with its contracts with customers, he added.