Amer Group, Porto Group Holding to develop Santorini project in Ain Sokhna

Egypt-based Amer Group signed a partnership contract with Porto Group Holding to develop Santorini Project in Ain Sokhna, Amer Group said Thursday in a bourse filling.

The total investment cost of Santorini Project amounts to 340 million Egyptian pounds (US$18 million), Porto Group reported.

Moreover, Porto Group added that its profits upped 75.2 percent to 76.3 million pounds during the third quarter of financial year 2016/2017.