Mountain View Injects EGP 2.5 bn in Collaboration with (CCC) to Construct 19 Buildings in iCity New Cairo

The total construction investments for iCity New Cairo and October projects in 2024 amounted to EGP 6 bn

The company’s total construction investments for the current year amounted to EGP 14.6 bn

Mountain View for Development and Real Estate Investment has announced a partnership with the Consolidated Contractors Company (CCC) to undertake the final construction phase of iCity New Cairo project including 19 buildings. Valued at EGP 2.5 billion out of a total EGP 10 billion allocated to accelerate progress and enhance completion rates across the project, this collaboration will adhere to top-tier global quality standards.

This partnership reflects Mountain View’s strategic vision and goals for 2024, which included pumping a total investment of EGP 14.6 billion dedicated to constructing its diverse projects. Of this total, EGP 6 billion is specifically allocated to iCity projects in New Cairo and October. By partnering with leading international contractors, Mountain View aims to achieve the highest quality standards and timely project completion, further advancing the company’s objective of making substantial progress across its project portfolio.

 “Our strategy is based on maintaining rigorous adherence to our agreements and delivering top-quality real estate developments. This dedication to quality drives Mountain View to entrust the construction phases of our projects to leading contractors like Consolidated Contractors Company (CCC), who ensure timely completion and the highest global quality standards.

Sustainable advancements

 Mountain View is consistently pushing for substantial advancements in its construction operations in both East and West Cairo, to create integrated urban communities that embody the principles of the Science of Happiness. Our commitment extends to delivering units on schedule, in line with agreements made with our clients.” Remarked Eng. Wael Ezz, Partner and Co-CEO of Mountain View for Development and Real Estate Investment.

Expressing his enthusiasm for the collaboration, Mr. Mohamed Tarek, Consolidated Contractors Company CCC's Area Managing Director Africa, stated, “We are pleased to partner with Mountain View on iCity project, a company renowned for its extensive and distinguished expertise in real estate development. We look forward to making this partnership a foundation for a fruitful, long-term collaboration with Mountain View across various stages.” He added, “CCC fosters a partnership model focused on building ongoing, long-term contractual relationships with clients.”

Spanning 500 acres, iCity project comprises six main zones: Mountain Park, North Park, Lagoon Park, Club Park, MV3, and MV Park. Each zone is distinguished by unique features, with green spaces making up over 25% of the entire project area. In July, Egypt’s Minister of Housing, Utilities, and Urban Communities, Eng. Sherif El-Sherbiny, visited iCity to review its progress. During his visit, the Minister emphasized iCity as a flagship project representing the partnership between the New Urban Communities Authority and Mountain View to drive innovative urban development in Egypt.

Founded in 1952, the Consolidated Contractors Company (CCC) is the first integrated Arab construction company, currently operating in over 54 countries. With a global presence spanning more than 70 years and a 28-year track record in Egypt, CCC has established itself as an industry leader in construction, engineering, procurement, and development. The company’s approach prioritizes mutual trust and seamless communication with clients. Today, CCC is recognized as a leader in adopting advanced technological solutions to enhance construction efficiency and improve project management while remaining dedicated to delivering high-quality services and supporting communities and the environment.