Cairo – Mubasher: Inertia Holding Group plans to purchase two land plots valued at EGP 900 million ($50.1 million) in December, the chairman of the company said, according to Reuters.

Each land plot stands at 200 feddens, one of the two assets in East Cairo, while the other one is located in West Cairo.

The asset is expected to witness investments valued at nearly EGP 15 billion.

The chairman added that Inertia targets sales of EGP 3.6 billion in the fiscal year 2018, with expectations for profits to increase to about EGP 120 million from EGP 100 million a year earlier.