Porto Group invests US$1.27bn to develop three new real estate projects

EGYPT – The Porto Group, an Egypt-based holding company, has announced plans to develop three new real estate projects with estimated investments of EGP 20 billion (US$1.27bn). The projects, named as Golf Porto Cairo, Porto Assiut, and Porto Agadir, are located on plots of land acquired by the company in the last two years. In a press conference, Chairperson Gamal Fathallah said that the Porto Assiut project is a residential compound in Assiut Governorate. It is comprised of 500 housing units and will see investments of EGP 4.5 billion (US$286.07m)…

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