The company has formed a partnership with Kuwait’s First
Group to invest in real estate projects within the Kuwaiti market. This will be
Mountain View’s second Gulf market as part of its expansion plan outside Egypt.
The new project, planned for Kuwait City, will be a fully
integrated residential development spanning 500 acres. It will be developed in
partnership with the Public Authority for Housing Welfare, which owns the land
and will retain a 51% stake. The authority is responsible for overseeing
residential development in the country.
The Egyptian-Kuwaiti alliance plans to build approximately
2,500 residential units with a total construction area of about one million
square meters. Contracts for the winning alliance are expected to be awarded in
the first quarter of 2026. The project is part of three land plots offered by
the Kuwaiti government through a public tender to developers in the capital, including
a plot of 500 acres and two additional plots of 250 acres each.