The Egyptian Media Production City Company (EMPC) says it will sign a contract with an unnamed Saudi company by the end of this month to redevelop the Magicland theme park, EMPC Chairman Osama Heikal tells Al Borsa. The agreement comes after a Chinese company hired to redevelop and refurbish the entertainment park in 2016 failed to deliver, resulting in legal disputes that ended with contract termination, according to Heikal. Heikal also confirmed that EMPC are finalizing procedures for the purchase of 100k sqm of land in the new administrative capital but didn’t reveal any further details.

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