Cairo – Mubasher: 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.