Amer Group has confirmed that works at its latest project in east Cairo, Porto Heliopolis, have been temporarily suspended by the competent authorities, Invest-Gate reports.
Owned by the group’s subsidiary Delmar for Touristic Development, Porto Heliopolis is pending the approval of the concerned bodies for the traffic study, which was earlier tendered by Amer Group before undertaking the project’s marketing and sales, the company revealed in a recent bourse filing.
In this regard, it should be noted that the proposed study conforms to the standard engineering and measurement criteria, Amer Group further stated, noting that it will uncover further details in the near future.
In early October, Amer Group launched Porto Heliopolis, poised to be the first gated community in Heliopolis, covering 270,000 square meters and featuring various top-notch facilities, ranging from butler services and elegant eateries to giant shopping centers and dedicated spas.
The new compound was slated to boast a spacious walkway that leads to a state-of-the-art rooftop swimming pool, fully-equipped gym, a cinema, squash and tennis courts, an administrative building, and a hospital. It is distinguished for its prime location in the vicinity of Nasr City, Cairo International Airport (CAI), and New Cairo.