Porto Group’s (PORT) CEO announced that the group intends to expand in the Arab world & invest more than EGP one billion in several Arab countries.
Who is affected🤷: The group’s CEO confirmed the company’s plans to expand in most Arab countries, but it is waiting for the right time, explaining that the ideal investment strategy for the group is to acquire lands of different sizes and work on developing them.
Why is this important🤔: Porto Group already owns several projects outside Egypt, most notably the “Porto Agadir” project in Morocco on an area of 1.2 million square meters, & another, “Porto Dead Sea” in Jordan, which is being developed over two phases with an area of 800,000 square meters.
