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Amer Group won't establish project in New Sohag

Amer Group won't establish project in New Sohag

ArabFinance: Amer Group (AMER) stepped back from establishing a project in New Sohag after finalizing the financial and marketing study of the project, according to the Amer Group’s September 22nd statement filed to the Egyptian Exchange.

In August, the company announced that it is in the preliminary phase of determining a land area in New Sohag.  

Earlier, Amer Group said the final price of the land has not been determined yet, noting it has been preparing the feasibility and marketing studies. 

Amer Group is engaged in diversified industry sectors. The group's operations are 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. 

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