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Amer Group’s unit, Marriott International ink project management deal

Amer Group’s unit, Marriott International ink project management deal

ArabFinance: Delmar for Touristic Development, a subsidiary of Amer Group Holding Co (AMER), has signed an agreement with Marriott International for managing its major Porto Heliopolis project, Amer Group revealed in a statement.

Under the agreement, the Porto Heliopolis project will be rebranded under the name of ‘Marriott Residences Heliopolis’, Amer Group said.

The total estimated investment cost of the project amounts to EGP 3.5 billion, with the first phase to be delivered within four years.

The company is currently carrying out the required adjustments to the project’s external and internal designs in collaboration with global agencies to comply with Marriott International's requirements.

The agreement was signed by the CEO of Delmar for Touristic Development Hosni Hany and the Vice President of Marriott International.

Spanning over 27,000 square meters in El-Thawra Street in Heliopolis, Marriott Residence Heliopolis features 1,300 luxurious apartments managed by Marriott International.

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