{"id":595729,"date":"2019-08-05T04:00:36","date_gmt":"2019-08-05T04:00:36","guid":{"rendered":"https:\/\/enterpriseam.com\/egypt\/2019\/08\/05\/empc-expands-magic-land-agreement-with-al-hokair-group\/"},"modified":"2019-08-05T04:00:36","modified_gmt":"2019-08-05T04:00:36","slug":"empc-expands-magic-land-agreement-with-al-hokair-group","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/egypt\/2019\/08\/05\/empc-expands-magic-land-agreement-with-al-hokair-group\/","title":{"rendered":"EMPC expands Magic Land agreement with Al Hokair Group"},"content":{"rendered":"

INVESTMENT WATCH- EMPC expands Al Hokair Group\u2019s rights in developing Magic Land:<\/b> The Egyptian Media Production City\u2019s (EMPC) board approved expanding its agreement with Al Hokair Group to redevelop and manage Magic Land under a license, EMPC said in a bourse filing (pdf)<\/a>. Under the new contract, Al Hokair will invest USD 55.9 mn instead of USD 30 mn over a bigger land area of 281.5 sqm. Al Hokair will pay EGP 22.3 mn per year for the rights, and redevelop the park under a build-operate-transfer framework.<\/p>\n

EMPC opens foreign media center:<\/b> EMPC yesterday opened a new center in downtown Cairo for foreign media, Ahram Online reports<\/a>. The five-floored building provides direct connection to satellites and is equipped with cameras, while other production facilities are available at three affiliated studios in Agouza, Garden City and Maspero.<\/p>\n","protected":false},"excerpt":{"rendered":"

INVESTMENT WATCH- EMPC expands Al Hokair Group\u2019s rights in developing Magic Land: The Egyptian Media Production City\u2019s (EMPC) board approved expanding its agreement with Al Hokair Group to redevelop and manage Magic Land under a license, EMPC said in a bourse filing (pdf). Under the new contract, Al Hokair will invest USD 55.9 mn instead […]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"open","sticky":false,"template":"single-feature.php","format":"standard","meta":{"_acf_changed":false,"newspack_ads_suppress_ads":false,"newspack_popups_has_disabled_popups":false,"newspack_sponsor_sponsorship_scope":"","newspack_sponsor_native_byline_display":"inherit","newspack_sponsor_native_category_display":"inherit","newspack_sponsor_underwriter_style":"inherit","newspack_sponsor_underwriter_placement":"inherit","ep_exclude_from_search":false,"_primary_brand":0,"newspack_featured_image_position":"","newspack_post_subtitle":"","newspack_article_summary_title":"Overview:","newspack_article_summary":"","newspack_hide_updated_date":false,"newspack_show_updated_date":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[8572],"tags":[1449,72,125,2380],"brand":[],"newspack_spnsrs_tax":[],"class_list":["post-595729","post","type-post","status-publish","format-standard","hentry","category-speed-round","tag-egyptian-media-production-city","tag-enterpriseam","tag-investment-watch","tag-speed-round","wpautop","entry"],"acf":{"mongo_id":"c4ace812-be6b-4456-87f8-23a2c61e409b","is_powered_by":true,"section_story_id":"2e19aed2-edea-4a4e-bb39-b603d1e78881","story_type":"1","photo_url":"","photo_position":"above","related_issue":[595715],"teaser":"","voice_url":""},"yoast_head":"\nEMPC expands Magic Land agreement with Al Hokair Group - EnterpriseAM Egypt<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/enterpriseam.com\/egypt\/2019\/08\/05\/empc-expands-magic-land-agreement-with-al-hokair-group\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"EMPC expands Magic Land agreement with Al Hokair Group\" \/>\n<meta property=\"og:description\" content=\"INVESTMENT WATCH- EMPC expands Al Hokair Group\u2019s rights in developing Magic Land: The Egyptian Media Production City\u2019s (EMPC) board approved expanding its agreement with Al Hokair Group to redevelop and manage Magic Land under a license, EMPC said in a bourse filing (pdf). 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Al Hokair will invest a minimum of USD 30 mn over the 30 years in\u2026","rel":"","context":"In "Other Business News of Note"","block_context":{"text":"Other Business News of Note","link":"https:\/\/enterpriseam.com\/egypt\/category\/other-business-news-of-note\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/internal\/536550.png?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]},{"id":616262,"url":"https:\/\/enterpriseam.com\/egypt\/2024\/03\/03\/cbe-issues-tighter-regulations-for-financial-leasing-firms-plus-hassan-allam-sumou-holding-jv-magic-land-al-hokair-egp-1-1-bn-entertainment-project-china-hands-over-satellite-center-egp-1-bn-a\/","url_meta":{"origin":595729,"position":1},"title":"CBE issues tighter regulations for financial leasing firms. 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The agreement comes after a Chinese company hired to redevelop and refurbish the\u2026","rel":"","context":"In "Other Business News of Note"","block_context":{"text":"Other Business News of Note","link":"https:\/\/enterpriseam.com\/egypt\/category\/other-business-news-of-note\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/internal\/536550.png?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]},{"id":645276,"url":"https:\/\/enterpriseam.com\/egypt\/2017\/07\/17\/al-hayat-repays-egp-20-mn-debt-to-empc-broadcasting-resumes\/","url_meta":{"origin":595729,"position":3},"title":"Al Hayat repays EGP 20 mn debt to EMPC, broadcasting resumes","author":"enterpriseam admin","date":"17 July 2017","format":false,"excerpt":"The Egyptian Media Production City (EMPC) resumed broadcasting Al Hayat TV channels yesterday after the television network\u2019s chairman Al Sayed Badawi repaid its debts to EMPC, Ahram Gate reports. 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