Investment group

Alesayi Investment Group and Mountain View Egypt sign an agreement to form a joint venture

With the aim of contributing to the development of real estate under the Quality of Life program, one of the Saudi Vision 2030 achievement programs, Omar Kassem Alesayi Investment Group has signed an agreement with Mountain View Egypt for the development and l ‘property investment. The agreement aims to form a joint venture in the field of construction and real estate development in the Kingdom of Saudi Arabia, to create world-class integrated urban projects and tourist complexes.

The agreement was signed in the capital of England, London, in the presence of the member of the board of directors of Alesayi Holding Group, Mr. Mohammed Omar Alesayi, and Mountain View Egypt. Founder and President, Eng. Amr Suleiman, [TG1] with Group CEO Alesayi, Eng. Hany Habashy and Mountain View Egypt’s Chief Investment Officer, Mrs. Ghada Nour.

Given the vast experience that both parties have in the fields of investment and real estate development, this agreement aims to strengthen cooperation and the exchange of experience between the two. He also focuses on finding opportunities to develop joint innovative housing projects, such as real estate development, luxury residential projects, shopping centers and luxury hotels. The agreement also aims to develop the promotion of investments in the sector, inside the Kingdom.

On this occasion, Mr. Mohammed Omar Alesayi stressed the importance of this agreement, given its compatibility with the latest real estate trends in the Saudi market – one of the most promising future global markets among other vital sectors. Such collaboration will contribute to the development of new areas of economic activity, the creation of employment opportunities and the promotion of economic development; play a part in realizing the Kingdom’s Vision 2030, to increase the ownership percentage of residential units to 70% over the next ten years.

For his part, Eng. Amr Soliman said that as one of Egypt’s leading real estate companies, Mountain View Egypt’s strategy includes expansion to neighboring markets, to share its successful experience in setting up integrated urban projects based on the implementation of the “science of happiness” in the Middle East, to lead the way in the Egyptian real estate market. “We have signed this agreement with Alesayi Group, a leader in the real estate sector in Saudi Arabia,” he added, “to study the development of new projects in the Kingdom as one of the promising markets in the region. Mountain View Egypt, we are proud to have developed fifteen urban projects over the past 17 years since our inception across Egypt, which have won the trust of thousands of customers with their innovative and unique designs.[TG2]

Eng. Hany Habashy added that “Alesayi Group works and invests in projects that add value to the national economy and contribute to improving the quality of life. Such a successful partnership with Mountain View Egypt, the leader in real estate in Egypt, reaffirms the group’s focus on achieving sustainability for its real estate projects across the Kingdom, as main axes. of Vision 2030, using the latest construction technologies and in cooperation with local and international professional expertise.

In the same vein, Ms. Ghada Nour mentioned that Mountain View Egypt is seeking to share its expertise in developing large integrated real estate projects with nearby regional markets by signing this agreement with Alesayi Group, in a way that helps promote the Egyptian real estate sector. , diversifying its project portfolio and achieving appropriate returns on investment for stakeholders. In this regard, she also noted that Mountain View Egypt sees the Saudi market as offering investment opportunities in line with the company’s vision to expand overseas.