Amer Group to Establish EGP 3 bn Touristic Project in Port Said

Chairman of Amer Group Mansour Amer has signed a contract with Major General Adel Al Ghadban, governor of Port Said, to establish a 90-acres integrated touristic project in Western Port Said, with an initial inves ...

Nile Property Expo kicks off With Top Egyptian Developers at The Helm

Nile Property Expo 2017 real estate exhibition will kick off December 14 in Abu Dhabi, where a number of top Egypt-based developers will showcase their projects

Amer Group Q1 Profit Decreases 6% y-o-y

Egypt’s real estate developer Amer Group Holding Company posts consolidated net profit of EGP 63.95 mn in the first quarter of 2017, down by 6% compared with EGP 68.07 mn in the same period last year, Invest-Gate rep ...

Five Developers Race for Megaproject, New Suez Canal Area

Amer Group, Ramco, and Travco, among other unidentified real estate developers are competing for the biggest tourist project in the New Suez Canal Area

Amer Group to Develop Santorini Project in Ain El Sokhna

Prominent Egyptian developer, Amer Group, will partner with Porto Group to develop Santorini Project in Ain El Sokhna

Porto Dead Sea to launch in September

Amer Group heads east to launch its first project, Porto Dead Sea, in Jordan, Invest-Gate reports. Amer Group is to inaugurate the first phase of Porto Dead Sea in September, the Group’s Brand Manager Alaa ElBarbar ...

Amer Group Acquires License to Build 23,000 Units in North Coast

Egyptian developer Amer Group has received licenses to build an additional of 23,000 units in the North Coast.

Amer Group Offers New ‘Moneyback’ Method to Sell Units

Amer Group aims to sell its remaining units in eight projects through a new program called “Moneyback” that involves immediate handover and ownership of the units, while the cost will be paid off within 10 years, wit ...

Amer Group to Pay EGP 73M in Violations

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.

Porto Group Hits EGP 191M in Revenues in Q1 2016

Porto Group announced its consolidated revenue for the first quarter (Q1) of 2016, achieving a gross profit of EGP 68 million with a gross profit margin of 36%.

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