The New Urban Communities Authority will offer an 85-feddan land plot near New Cairo reclaimed from Al Marasem International for Development to real estate developers in 2H2019, a source from the New Cairo City Authority said. Al Marasem, a Bin Laden Group subsidiary, asked the authority to take back the land after failing to make several installment payments. The company has retained a nearby 150 feddan plot for a development project.

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