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Amer Opens First Phase of Mediterranean Project, Al Alam Reports

Amer Group Holding (AMER), an Egyptian developer and operator of resorts and restaurants, opened the first phase of its Porto Matrouh project, near the Mediterranean city of Marsa Matrouh, Al Alam Al Youm reported.

The opening included an hotel and shopping center, the newspaper said, citing a company statement. The project is scheduled for completion in 2013, it added.

To contact the reporter on this story: Ahmed A. Namatalla in Cairo at anamatalla@bloomberg.net

To contact the editor responsible for this story: Claudia Maedler at cmaedler@bloomberg.net

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