Cairo – Mubasher: Porto Group Holding announced that the investment cost of its latest three projects is expected to reach EGP 20 billion.

The three projects are Golf Porto Cairo, Porto Assiut, and Porto Aghadir, the property developer said in a bourse disclosure on Sunday.

The company previously said that the projects will be relaunched in the upcoming period.

During the first six months of 2020, Porto Group Holding suffered net losses of EGP 24.7 million, versus net profits of EGP 80.07 million in the same period a year earlier, including minority shareholders’ rights.