The Heliopolis Company for Housing and Development (HCHD) has reached an agreement with Magic Dreams and the Defense Ministry that will see Magic Dreams finalize its development of Merryland Park by the end of August, Al Mal reports. The agreement will also see the ministry becoming the financial guarantor for the project instead of HCHD. As we noted last year, HCHD was looking to enforce a court order to evict Magic Dreams from the plot, and had begun tendering parts of the park for development.

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