Porto Group, El Mostakbal sign a deal for Porto City in New Cairo

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Egyptian property developer Porto Group said on Tuesday that it has signed a contract with El Mostakbal for Urban Development to develop Porto City project in New Cairo.

Porto Group is the owner of Porto City, which will be implemented on a space of 151.31 feddans, according to the company’s chairman Mohamed Sayed Abdel Razek.

Founded by Mansour Amer in 2005, Porto Group operates as one of the largest privately held corporations in Egypt. The company started with Porto Marina a resort in Marina on the North Coast resort over 990 units.