Egypt’s Amer Group Holding has signed a contract to implement a fully-fledged touristic and entertainment flagship in Port Said city, around 170km (106 miles) northeast of Cairo, said chairman Mansour Amer on Monday.
The new project is with initial investments worth three billion Egyptian pounds ($169.6 million), Amer further added.
The Egyptian official referred that the project will be carried out on a space of 90 feddans and it will provide about 6,000 job opportunities.
Amer Group is a leading real estate firm, offering mixed-use, family oriented destinations. It has diversified businesses in the primary and secondary homes market, as well as hotels, shopping malls, and restaurants.