PROJECTS: Egypt's Amer Group drops Sohag New City project

Project dropped after conducting feasability studies

  
Image used for illustrative purpose. Construction workers looking at blueprint on construction site.

Image used for illustrative purpose. Construction workers looking at blueprint on construction site.

Getty Images

Egytian developer Amer Group said on Tuesday that it is not going ahead with the planned Sohag New City project in Sohag governorate.

The company said in a stock exchange statement that it decided to drop the project after conducting feasibility studies.

(Writing by Nadim Kawach; Editing by Anoop Menon)

(anoop.menon@refinitiv.com)

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