Porto Group to Implement EGP 3 bn Project in Assiut

Porto Group to Implement EGP 3 bn Project in Assiut

Porto Group’s subsidiary, Porto Assiut Tourism Development, has signed an agreement with the New Urban Community Authority (NUCA) to purchase a land plot in Assiut, Upper Egypt, for the implementation of an EGP 3 bn project, Invest-Gate reports.

Across a total area of 323,000 square meters, the integrated urban development will comprise various services and activities, Porto Group said in a bourse filing on September 11.

On September 7, Porto Group celebrated the official launch of Golf Porto Cairo, its latest project in Mostakbal City, east Cairo, in a lavish event featuring megastar Amr Diab, where the company uncovered that each unit at the new compound will feature a separate yard, overlooking a one-of-a-kind golf course.

Boasting several globally renowned restaurants, an international school, a nursery, a clubhouse, a mosque, besides administrative offices and clinics, Golf Porto Cairo consists of roughly 3,000 apartments, ranging from 59 to 142 square meters, in addition to 500 villas, varying between 105 to 375 square meters.

All properties have ultra-smart designs that subtract the possibility of units merging, providing larger areas pursuant to the preferences of each client. Besides, a spacious swimming pool and a commercial hub, dubbed “Street Mall,” are allotted to extend the utmost levels of fun and tranquility.

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