Otis Chosen by Mountain View for Egyptian Real Estate Projects
Otis (NYSE: OTIS), the global leader in elevator manufacturing and services, has secured a significant contract with Mountain View Real Estate Development in Egypt to provide 265 Otis Gen2® Prime elevator systems across three major residential projects.
The installations will be implemented in Mountain View's developments including the Mountain View 1.1 Project extension in New Cairo, Mountain View iCity in New Cairo, and iCity in 6th of October City. The elevators will feature 4-7 stops and include high-quality stainless steel finishes for automatic doors and cabins.
This collaboration aligns with Mountain View's vision of developing innovative urban communities while leveraging Otis's advanced technology to enhance residential living standards in Egypt's real estate sector.
Otis (NYSE: OTIS), leader mondiale nella produzione e nei servizi per ascensori, ha ottenuto un importante contratto con Mountain View Real Estate Development in Egitto per fornire 265 impianti Otis Gen2® Prime in tre grandi progetti residenziali.
Le installazioni interesseranno i complessi di Mountain View, tra cui l'estensione del progetto Mountain View 1.1 a New Cairo, Mountain View iCity a New Cairo e iCity nella 6th of October City. Gli ascensori prevedono 4-7 fermate e saranno dotati di finiture in acciaio inossidabile di alta qualità per porte automatiche e cabine.
Questa collaborazione è in linea con la visione di Mountain View di sviluppare comunità urbane innovative, sfruttando la tecnologia avanzata di Otis per migliorare gli standard abitativi nel settore immobiliare egiziano.
Otis (NYSE: OTIS), líder mundial en fabricación y servicios de ascensores, ha conseguido un contrato importante con Mountain View Real Estate Development en Egipto para suministrar 265 sistemas Otis Gen2® Prime en tres grandes proyectos residenciales.
Las instalaciones se llevarán a cabo en los desarrollos de Mountain View, incluidos la ampliación del proyecto Mountain View 1.1 en New Cairo, Mountain View iCity en New Cairo y iCity en 6th of October City. Los ascensores tendrán 4-7 paradas y contarán con acabados de acero inoxidable de alta calidad en puertas automáticas y cabinas.
Esta colaboración está alineada con la visión de Mountain View de desarrollar comunidades urbanas innovadoras, aprovechando la tecnología avanzada de Otis para elevar los estándares de vida residencial en el sector inmobiliario de Egipto.
Otis (NYSE: OTIS), 엘리베이터 제조 및 서비스의 세계적 선두기업은 이집트의 Mountain View Real Estate Development와 중요한 계약을 체결하여 세 곳의 대형 주거 프로젝트에 265대의 Otis Gen2® Prime 엘리베이터 시스템을 공급합니다.
설치는 Mountain View의 개발 단지들, 즉 뉴카이로의 Mountain View 1.1 프로젝트 확장, 뉴카이로의 Mountain View iCity, 6th of October City의 iCity에서 진행됩니다. 엘리베이터는 4–7 정거장 구성을 갖추며 자동문과 캐빈에 고급 스테인리스 마감이 적용됩니다.
이번 협력은 혁신적인 도시 커뮤니티를 개발하려는 Mountain View의 비전과 부합하며 Otis의 첨단 기술을 통해 이집트 부동산 부문의 주거 수준을 향상시키는 데 기여할 것입니다.
Otis (NYSE: OTIS), leader mondial de la fabrication et des services d'ascenseurs, a signé un contrat important avec Mountain View Real Estate Development en Égypte pour fournir 265 systèmes Otis Gen2® Prime sur trois grands projets résidentiels.
Les installations seront réalisées dans les développements de Mountain View, notamment l'extension du projet Mountain View 1.1 à New Cairo, Mountain View iCity à New Cairo et iCity à 6th of October City. Les ascenseurs auront 4 à 7 arrêts et seront dotés de finitions en acier inoxydable de haute qualité pour les portes automatiques et les cabines.
Cette collaboration s'inscrit dans la vision de Mountain View de développer des communautés urbaines innovantes, en s'appuyant sur la technologie avancée d'Otis pour améliorer le niveau de vie résidentiel dans le secteur immobilier égyptien.
Otis (NYSE: OTIS), weltweit führend in der Herstellung und im Service von Aufzügen, hat einen bedeutenden Vertrag mit Mountain View Real Estate Development in Ägypten abgeschlossen, um 265 Otis Gen2® Prime Aufzugssysteme für drei große Wohnprojekte zu liefern.
Die Installationen erfolgen in Mountain Views Anlagen, darunter die Erweiterung des Mountain View 1.1 Projekts in New Cairo, Mountain View iCity in New Cairo sowie iCity in der 6th of October City. Die Aufzüge werden 4–7 Haltestellen haben und hochwertige Edelstahloberflächen an Automatiktüren und Kabinen aufweisen.
Diese Zusammenarbeit entspricht Mountain Views Ziel, innovative städtische Gemeinschaften zu entwickeln, und nutzt Otis’ moderne Technologie, um die Wohnstandards im ägyptischen Immobiliensektor zu verbessern.
- Secured major contract for 265 elevator installations in premium Egyptian real estate projects
- Expands Otis's presence in the growing Egyptian real estate market
- Strengthens partnership with a leading Egyptian real estate developer
- None.
Insights
Otis secures sizeable 265-unit contract in Egypt's growing real estate sector, strengthening its regional market position.
Otis has secured a notable contract with Mountain View Real Estate Development to supply and install 265 Gen2® Prime elevator systems across three residential projects in Egypt. This deal reinforces Otis's market position in Egypt's expanding real estate sector, particularly in the developing areas of New Cairo and 6th of October City.
The contract specifications indicate a mid-sized implementation with elevators ranging from four to seven stops, featuring high-quality stainless steel finishes. While the financial terms weren't disclosed, this represents a meaningful addition to Otis's industry-leading service portfolio of approximately 2.4 million customer units worldwide.
From a business development perspective, this partnership with Mountain View—a prominent Egyptian developer established in 2005 with 20+ projects—provides Otis with stable project revenue in a growing market. Egypt's residential construction sector continues to expand with new urban communities, and this contract positions Otis to capture additional market share in the region.
The selection of Otis's Gen2 systems, highlighted for their energy efficiency and space-saving design, aligns with the increasing demand for sustainable building solutions in commercial real estate. This contract demonstrates Otis's continued ability to secure business in diverse global markets, supporting their position as the world's leading elevator and escalator company with operations in over 200 countries.
Otis will provide advanced elevator solutions for three innovative communities.
Gabriele Agostini, Otis Managing Director for
"Mountain View is dedicated to building communities where happiness and a sense of home are central. Our commitment goes beyond developing conventional urban communities; we have pioneered innovative concepts aimed at enriching daily life experiences. With Otis' reliable and advanced elevator solutions, we are elevating the living standards within our projects. Otis helps us ensure that our communities benefit from world-class technology and engineering excellence," said Maged Moubarak, Chief Projects Officer, Mountain View Real Estate Development.
Otis will install elevators with configurations from four to seven stops. Each elevator is crafted with meticulous attention to detail, featuring high-quality stainless steel finishes for automatic doors and cabins, ensuring a sleek and modern aesthetic that complements the building design.
To learn more about Otis products and services, visit www.otis.com.
About Otis
Otis gives people freedom to connect and thrive in a taller, faster, smarter world. The global leader in the manufacture, installation and servicing of elevators and escalators, we move 2.4 billion people a day and maintain approximately 2.4 million customer units worldwide – the industry's largest Service portfolio. You'll find us in the world's most iconic structures, as well as residential and commercial buildings, transportation hubs and everywhere people are on the move. Headquartered in
About Mountain View
Mountain View is a leading Egyptian company founded in 2005 with the aim of developing integrated urban communities. The company adopted a unique vision, 'Bringing life to land and spreading happiness around us,' by applying the 'Science of Happiness and Innovation' in its projects and implementing them according to global standards. Over almost 20 years of urban development, Mountain View, within the framework of its mission 'Together building a lighthouse to inspire towards meaningful, happy communities,' has successfully developed more than 20 distinctive projects in three main destinations:
Otis contact:
Ipek Akyildiz
Communications Manager
ipek.akyildiz@otis.com
Mountain View contact:
Riham Saleh
Corporate Communications Sr. Manager
riham.saleh@mountainview-eg.com
M +201002777271
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SOURCE Otis Worldwide Corporation
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