Amer Group eyes $647mn revenues from Porto Group’s units

Egypt-based property developer, Amer Group is targeting revenues of 5.2 billion Egyptian pounds (US$647 million) after it delivers all the units owned by affiliated Porto Group Company, said founder Mansour Amer on Wednesday.

During a press conference, Amer added that the Porto Group would deliver the units within two or three years from the current time.

Porto Group plans to start building new units on an area of 1.9 million metres square in the coming six years from now as part of plans to register revenues amounting to 29 billion pounds, Amer said.