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Amer Group invests EGP 2.5B in residential project in Minya

Amer Group invests EGP 2.5B in residential project in Minya

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 project’s 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. 

 

 

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