Egypt’s Amer Group studies purchasing land plot in New Sohag

Egypt’s real estate developer, Amer Group Holding is still conducting marketing and financial studies to decide purchasing a land plot in in the southern city of New Sohag.

The company does not reach a final agreement yet on the area and the price of the new land plot in New Sohag City as confirmed earlier in December 2019.

During the first six months of the current year, Amer Group’s net profits climbed to 27.608 million Egyptian pounds ($1.7 million) from 25.42 million during the same period in 2019.