Mountain View targets EGP 1.5 bn in sales from first phase of iCity October

Mountain View is targeting EGP 1.5 bn in sales from the first phase of its EGP 50 bn project iCity in Sixth of October, which was launched last month, chairman Amr Soliman tells Al Borsa. Mountain View generated EGP 4 bn in sales from the first and second phase of iCity in New Cairo. Mountain View invested EGP 50 bn in the iCity development and the project is a partnership with the Housing Ministry, which has a 40% stake in it, Soliman says.