|21 August, 2019

Amer Group to launch $180mln project in Cairo

The project is situated on 27,000 sqm

Image for illustrative purposes. Egyptian construction workers build new houses in El Maraj city at New Maadi, south of Cairo September 30, 2012.

Image for illustrative purposes. Egyptian construction workers build new houses in El Maraj city at New Maadi, south of Cairo September 30, 2012.

REUTERS/Amr Abdallah Dalsh

Cairo –  Amer Group Holding Company is planning to launch Piccadilly Heliopolis, with total investments of EGP 3 billion.

The project is located in Cairo’s Masr Al Jadidah district and situated on 27,000 square metres, according to bourse statement revealed on Wednesday.

Amer Group reported a 54% year-on-year profit decline during the first half of 2019 due to lower sales, according to the company’s consolidated financial results, recording EGP 25.42 million.

Source: Mubasher

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