ArabFinance: Amer Group (AMER) plans to establish a mixed-use project in Minya, Hapi Journal cited the head of real estate Hosny Omar.

The new project will be built over three phases and will comprise 2,500 residential units, in addition to commercial and entertainment facilities.

The projects total cost averaged between EGP 2.5 billion and EGP 3 billion.

The listed company posted a consolidated net profit of EGP 25.51 million in 2020, lower 54.67% when compared to EGP 56.4 million in 2019.

Amer Group is engaged in diversified industry sectors, with its operations being structured into many segments, namely real estate, restaurant, hotel, malls, retail, among others.

Other activities include the provision of touristic boats, investment and marketing, and real estate maintenance services.

Copyright 2021 Arab Finance Brokerage Company All rights reserved. Provided by SyndiGate Media Inc. (Syndigate.info).

Disclaimer: The content of this article is syndicated or provided to this website from an external third party provider. We are not responsible for, and do not control, such external websites, entities, applications or media publishers. The body of the text is provided on an as is and as available basis and has not been edited in any way. Neither we nor our affiliates guarantee the accuracy of or endorse the views or opinions expressed in this article. Read our full disclaimer policy here.