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Mountain View: We Owned Portfolio Lands Enough For 3 Years
Published in Amwal Al Ghad on 27 - 03 - 2013

Ayman Ismail, Chairman, Dar Al Mimar Group-Mountain View Egypt, has revealed that his company is owning various portfolio of lands in New Cairo Compound 5 ,sixth October, Ain Sokhna, North Coast and Ras Sudr and these lands are enough for the company for three ye
Ayman Ismail, pointed out that the company's start in the implementation of two new drafts ‘Hyde Park' Mountain View Compound 5 on an area of 200 feddan which is being implemented in a period ranging between 4 to 5 years in addition to ‘October Park' project on an area of 60 feddan.
Moreover, Ismail added to Amwal Al Ghad that the political stability and the clear vision of government are two main conditions so as to achieve comprehensive economic renaissance, especially the economy has owned the constituents which can make it achieve a good growth rates, explaining that the real estate sector represents about 16% from the total results and it will play an important role. it is expected that the economy will achieve growth in the sales volume with 20% within this year.
Furthermore, Ismail has demanded from the government to put the development as a main goal when the lands will be offered to investors and not to depend on auction system expecting that the prices will raise with the raising of Dollar price.
Al Mimar Group will be participated for establishing ‘Dar Es Salam' draft in cooperation with ‘together' foundation to solve slums problems, Ismail has explained that the group is now receives the lands from the governorate after the completion of urban planning which will be on an area of 60 feddan with cost EGP 450 million.


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