{"id":601363,"date":"2019-02-26T03:46:29","date_gmt":"2019-02-26T03:46:29","guid":{"rendered":"https:\/\/enterpriseam.com\/egypt\/2019\/02\/26\/amer-group-revises-porto-said-cost-estimates-upwards-to-egp-4-bn\/"},"modified":"2019-02-26T03:46:29","modified_gmt":"2019-02-26T03:46:29","slug":"amer-group-revises-porto-said-cost-estimates-upwards-to-egp-4-bn","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/egypt\/2019\/02\/26\/amer-group-revises-porto-said-cost-estimates-upwards-to-egp-4-bn\/","title":{"rendered":"Amer Group revises Porto Said cost estimates upwards to EGP 4 bn"},"content":{"rendered":"<p>Amer Group has revised its investment cost estimates for its Porto Said residential tourism project upwards to EGP 4 bn, <u><a href=\"http:\/\/www.egx.com.eg\/downloads\/Bulletins\/226676_1.pdf\">the company said in an EGX disclosure (pdf)<\/a><\/u>. The project was previously estimated to cost EGP 3 bn when it was announced <u><a href=\"https:\/\/enterprise.press\/stories\/2018\/04\/19\/amer-group-signs-contracts-to-establish-egp-3-bn-porto-said-tourist-resort\/\">last April<\/a><\/u>. The cost revision comes after the company <u><a href=\"https:\/\/enterprise.press\/stories\/2019\/02\/19\/porto-said-hotel-due-to-open-in-1q2019\/\">said last week<\/a><\/u> that it expects to inaugurate the project this quarter.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Amer Group has revised its investment cost estimates for its Porto Said residential tourism project upwards to EGP 4 bn, the company said in an EGX disclosure (pdf). The project was previously estimated to cost EGP 3 bn when it was announced last April. The cost revision comes after the company said last week that [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"open","sticky":false,"template":"single-feature.php","format":"standard","meta":{"_acf_changed":false,"newspack_ads_suppress_ads":false,"newspack_popups_has_disabled_popups":false,"newspack_sponsor_sponsorship_scope":"","newspack_sponsor_native_byline_display":"inherit","newspack_sponsor_native_category_display":"inherit","newspack_sponsor_underwriter_style":"inherit","newspack_sponsor_underwriter_placement":"inherit","ep_exclude_from_search":false,"_primary_brand":0,"newspack_featured_image_position":"","newspack_post_subtitle":"","newspack_article_summary_title":"Overview:","newspack_article_summary":"","newspack_hide_updated_date":false,"newspack_show_updated_date":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[7377],"tags":[72,955,83,238],"brand":[],"newspack_spnsrs_tax":[],"class_list":["post-601363","post","type-post","status-publish","format-standard","hentry","category-tourism","tag-enterpriseam","tag-hospitality","tag-real-estate","tag-tourism","wpautop","entry"],"acf":{"mongo_id":"8d8af97f-151e-47ca-9f0b-c4b2f5964b3e","is_powered_by":true,"story_type":"1","photo_url":"","photo_position":"above","related_issue":[601334],"teaser":"","voice_url":""},"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v27.1 (Yoast SEO v27.1.1) - https:\/\/yoast.com\/product\/yoast-seo-premium-wordpress\/ -->\n<title>Amer Group revises Porto Said cost estimates upwards to EGP 4 bn - EnterpriseAM Egypt<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/enterpriseam.com\/egypt\/2019\/02\/26\/amer-group-revises-porto-said-cost-estimates-upwards-to-egp-4-bn\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Amer Group revises Porto Said cost estimates upwards to EGP 4 bn\" \/>\n<meta property=\"og:description\" content=\"Amer Group has revised its investment cost estimates for its Porto Said residential tourism project upwards to EGP 4 bn, the company said in an EGX disclosure (pdf). The project was previously estimated to cost EGP 3 bn when it was announced last April. The cost revision comes after the company said last week that [&hellip;]\" \/>\n<meta property=\"og:url\" content=\"https:\/\/enterpriseam.com\/egypt\/2019\/02\/26\/amer-group-revises-porto-said-cost-estimates-upwards-to-egp-4-bn\/\" \/>\n<meta property=\"og:site_name\" content=\"EnterpriseAM Egypt\" \/>\n<meta property=\"article:published_time\" content=\"2019-02-26T03:46:29+00:00\" \/>\n<meta name=\"author\" content=\"enterpriseam admin\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"enterpriseam admin\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2019\/02\/26\/amer-group-revises-porto-said-cost-estimates-upwards-to-egp-4-bn\/#article\",\"isPartOf\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2019\/02\/26\/amer-group-revises-porto-said-cost-estimates-upwards-to-egp-4-bn\/\"},\"author\":{\"name\":\"enterpriseam admin\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#\/schema\/person\/ca597032db7e4db868359c123cec256d\"},\"headline\":\"Amer Group revises Porto Said cost estimates upwards to EGP 4 bn\",\"datePublished\":\"2019-02-26T03:46:29+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2019\/02\/26\/amer-group-revises-porto-said-cost-estimates-upwards-to-egp-4-bn\/\"},\"wordCount\":72,\"publisher\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#organization\"},\"keywords\":[\"EnterpriseAM\",\"hospitality\",\"real estate\",\"tourism\"],\"articleSection\":[\"Tourism\"],\"inLanguage\":\"en-US\"},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2019\/02\/26\/amer-group-revises-porto-said-cost-estimates-upwards-to-egp-4-bn\/\",\"url\":\"https:\/\/enterpriseam.com\/egypt\/2019\/02\/26\/amer-group-revises-porto-said-cost-estimates-upwards-to-egp-4-bn\/\",\"name\":\"Amer Group revises Porto Said cost estimates upwards to EGP 4 bn - 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The latest installment of the company\u2019s signature mixed-use development Porto will include 27k sqm of residential, commercial, and administrative areas \u2014 as well as serviced houses, a shopping mall, and a\u2026","rel":"","context":"In &quot;Real Estate + Housing&quot;","block_context":{"text":"Real Estate + Housing","link":"https:\/\/enterpriseam.com\/egypt\/category\/real-estate-housing\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/internal\/536550.png?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]},{"id":601119,"url":"https:\/\/enterpriseam.com\/egypt\/2019\/02\/19\/porto-said-hotel-due-to-open-in-1q2019\/","url_meta":{"origin":601363,"position":1},"title":"Porto Said hotel due to open in 1Q2019","author":"enterpriseam admin","date":"19 February 2019","format":false,"excerpt":"Amer Group will open its \"Porto Said\" hotel in the first quarter of this year, the company said in a statement to the bourse (pdf). 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The company says it already submitted these studies prior to\u2026","rel":"","context":"In &quot;Real Estate + Housing&quot;","block_context":{"text":"Real Estate + Housing","link":"https:\/\/enterpriseam.com\/egypt\/category\/real-estate-housing\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/internal\/536550.png?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]},{"id":543816,"url":"https:\/\/enterpriseam.com\/egypt\/2022\/02\/20\/bdc-just-got-a-green-lending-boost\/","url_meta":{"origin":601363,"position":4},"title":"BdC just got a green lending boost","author":"enterpriseam admin","date":"20 February 2022","format":false,"excerpt":"Banque du Caire is getting USD 30 mn in \u201ctier-two\u201d capital investment under a financing agreement with the Green for Growth Fund (GGF), which is backed by German development bank KfW, among others, according to a press release (pdf). 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