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The agreement was signed by Wael Lotfy, Co-CEO of Mountain View and Abdel Rahman El Gohary, Managing Director of STM Investment.
Egypt-based property developer Mountain View for Development and Real Estate Investment has signed a partnership pact with STM Investment to develop a new project in Kayan City, East Cairo.
The project, spanning 500 feddans, will feature over 1,200 ready-to-move-in villas, Mountain View said in a press statement.
Financial details and project timelines weren’t disclosed.
(Writing by Eman Hamed; Editing by Anoop Menon)
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