Amer Group to Pay EGP 73M in Violations

Monday, 4th July 2016

Amer Group is requested to pay EGP 73 million in fines by Touristic Villages Organization for utilizing pier of Marina El Alamein Center in addition to the other installments of Porto Marina land in North Coast, reported Amwal Al Ghad.

New Urban Communities Authority (NUCA) evaluated Amer’s construction violation at EGP 50 million and EGP 23 million for Porto Marina’s installments.

Amer group denies all violations committed, asserting that the company paid all its financial commitments concerning Porto Marina according to the contracts, Riyad Refaat, Amer group’s Financial Director told Amwal Al Ghad

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