Gamal Fathallah, chairman of Porto Group, announces the company’s plan in the upcoming period to fulfill its obligations with its customers, Invest-Gate reports.

The plan aims to implement and deliver its projects according to the specified timetables while preserving the safety of workers at project sites and employees at the headquarters Administrative group, according to a company press release on March 17.

He further points out that the company has an internal development plan to restructure all departments in parallel with continuing projects to fulfill its contracts with the highest quality.

He elaborates that the total number of units that the company has sold to customers so far are more than 10,000 units, with a total value of about EGP 13 bn, 7,000 of them have been delivered so far, and the company plans to deliver approximately 3,500 other units this year. He also reveals that Mansour Amer no longer owns any shares in Porto Holding Group in his capacity.

Moreover, he says that the company has a plan to implement three new projects with estimated investments of EGP 20 bn on lands acquired by the company during 2019-2020. These projects are Golf Porto Cairo, Porto Assiut and Porto Agadir. The Porto Assiut project aims to establish a sophisticated urban complex in the Assiut governorate that includes 500 housing units with investments estimated at EGP4.5 bn over six years. He points out that work is being done rapidly on this project, specifically in the first phase, which will be implemented in three years.

Golf Porto Cairo is located on an area of ​​151 acres and is within the fourth phase of Al-Mostakbal City. It includes 3,000 residential units and 500 villas, international restaurants, an international school, a nursery, a mosque, and administrative offices.

Ayman bin Khalifa, vice chairman of the Group, points out that the company’s internal and external investments are estimated at EGP 30 bn. The company’s shareholder structure includes Arab investors of Libyan, Saudi, and Emirati nationalities, and Egyptian businessmen, he adds.