ArabFinance: Arab Developers Holding (ADH), previously known as Porto Group Holding (PORT), is seeking to generate around EGP 13.5 billion in contractual sales from Nyoum El Mostakbal in the next period, ADH’s CEO Ayman Bin Khalifa said, according to Al Borsa News.  

Around 26% of the first phase of Nyoum El Mostakbal project is complete, he commented.

The company targets achieving around EGP 3 billion in sales from 15 projects by the end of 2022, Bin Khalifa stated.

About 5% of Nyoum El Mostakbal was sold, ADH’s CEO Ayman Bin Khalifa noted, adding that the project is set to be delivered in 2024.

Situated on 653,000 square meters (sqm), Nyoum El Mostakbal includes villas, residential buildings, green areas, and golf courses. The project’s estimated costs amount to EGP 11.4 billion.

Moreover, Bin Khalifa revealed that most of the first phase of Nyoum Assiut is complete, noting that it will be delivered soon.

Located in New Nasser City in Assiut governorate at an area of 390,900 sqm, Nyoum Assiut includes apartments, villas, shops, a hotel, a school, and a clinic.

ADH is an Egypt-based holding company engaged in many segments through its subsidiaries, namely education, marketing, real estate, investment, and management.