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Porto Group set to launch Golf Porto Cairo in Mostakbal City

Porto Group set to launch Golf Porto Cairo in Mostakbal City
The project will comprise 3,000 residential units and 500 villas

Cairo – Mubasher: Porto Group Holding plans to launch Golf Porto Cairo project in Mostakbal City.

Spanning over 151 feddans, the project will be located in Mostakbal City’s fourth phase, neighboring the New Administrative Capital (NAC) and Madinaty city, the real estate developer said in a statement to the Egyptian Exchange (EGX) on Wednesday.


Wimberly, Allison, Tong & Goo (WATG) has been contracted to develop the master plan of the project, the statement added.

Golf Porto Cairo will comprise 3,000 residential units, 500 villas, as well as an international school.

Apartments will have areas ranging from 59 square metres to 142 square metres, while villas will have areas of 105 square metres up to 375 square metres.

During the first quarter of 2019, Porto Group Holding’s net profits grew to EGP 59.59 million, compared to EGP 45.52 million in the year-ago period.

Revenues increased to EGP 417.83 million in Q1-19 from EGP 378.1 million in the corresponding period a year earlier.

As for standalone business, the EGX-listed firm’s losses slid to EGP 2.35 million in the January-March period of 2019, compared to EGP 3.77 million in the year-ago period.