Amer Group subsidiary Amer Tourism Development Company is reportedly no longer interested in purchasing a 50 acre land plot in New Sohag City, where it had planned to construct an urban project, Al Mal reports, citing sources familiar with the negotiations. The company also received approval from the New Minya City Authority earlier this month to decrease the area allocated for an integrated urban project in New Minya to 45 acres instead of 110 acres.

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