Officials of Arab Developers Holding meet the company’s clients in Nyoum Assiut to introduce the company’s latest developments, Invest-Gate reports.

Chairperson of Arab Developers Holding Gamal Fathallah says that the company met clients of Nyoum Assiut project to introduce the latest developments, most notably changing the name from Porto Group to Arab Developers Holding, as well as revealing the company’s plans in presence of its clients.

Arab Developers Holding’s CEO Ayman Bin Khalifa states, “changing the name of Porto Assiut project to Nyoum Assiut is part of the company’s plan, as brands of Arab Developers Holding has become Nyoum, which is intended for residential projects developed by the group, and Sia, which is dedicated to coastal projects.”

Nyoum Assiut was launched in 2020 and spanning over 390,000 sqm, is an integrated residential project that comprises an international school, a hotel, a social club and sports fields, in addition to 1,819 apartments, 357 villas and 72 Commercial Units.

During the current year, the company plans to deliver more than 2,000 units in its projects, inject investments in construction worth EGP 1.5 bn and record sales exceeding EGP 2 bn.

Bin Khalifa explains that, according to the Ministry of Housing, Utilities and Urban Communities’ figures, the volume of investments that have been directed to the development of the city amounted to EGP 2.2 bn so far, including infrastructure and utility projects. Besides, developing housing projects at a cost of EGP 1.1 bn.