SODIC is reportedly close to presenting an official bid to acquire 250 feddans in Dream Land owned by National Bank of Egypt (NBE) and Banque Misr owned Misr Real Estate Assets, sources at NBE told Al Shorouk. Negotiations between Misr Real Estate Assets and Hassan Allam have reportedly stopped due to disagreement over the price. The land came into the ownership of Misr Real Estate following a legal dispute with businessman Ahmed Bahgat that ended with a court order forcing the foreclosure of his assets by NBE and Banque Misr.

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