{"id":632949,"date":"2018-02-22T04:17:07","date_gmt":"2018-02-22T04:17:07","guid":{"rendered":"https:\/\/enterpriseam.com\/egypt\/2018\/02\/22\/empc-grants-al-hokair-group-rights-to-redevelop-magic-land\/"},"modified":"2018-02-22T04:17:07","modified_gmt":"2018-02-22T04:17:07","slug":"empc-grants-al-hokair-group-rights-to-redevelop-magic-land","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/egypt\/2018\/02\/22\/empc-grants-al-hokair-group-rights-to-redevelop-magic-land\/","title":{"rendered":"EMPC grants Al Hokair Group rights to redevelop Magic Land"},"content":{"rendered":"<p>The Egyptian Media Production City\u2019s board of directors has agreed to grant Saudi Arabia\u2019s Al Hokair Group the rights to redevelop and manage Magic Land under a 30-year license, according to <a href=\"http:\/\/egx.com.eg\/downloads\/Bulletins\/212944_1.pdf\">a company disclosure (pdf)<\/a>. Al Hokair will invest a minimum of USD 30 mn over the 30 years in the project. The agreement will also see Al Hokair pay EGP 12 mn per annum for the rights, and redevelop the park under a build-operate-transfer framework.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>The Egyptian Media Production City\u2019s board of directors has agreed to grant Saudi Arabia\u2019s Al Hokair Group the rights to redevelop and manage Magic Land under a 30-year license, according to a company disclosure (pdf). Al Hokair will invest a minimum of USD 30 mn over the 30 years in the project. The agreement will [&hellip;]<\/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":[9315],"tags":[72,2390],"brand":[],"newspack_spnsrs_tax":[],"class_list":["post-632949","post","type-post","status-publish","format-standard","hentry","category-other-business-news-of-note","tag-enterpriseam","tag-other-business-news-of-note","wpautop","entry"],"acf":{"mongo_id":"343caedd-b608-49ae-be14-9109a48ac6aa","order":"0","is_powered_by":true,"story_type":"1","photo_url":"","photo_position":"above","full_issue_title":"EMPC grants Al Hokair Group rights to redevelop Magic Land","related_issue":[632905],"teaser":"","voice_url":"https:\/\/s3.us-east-1.amazonaws.com\/ent.news\/audio\/2024\/7\/.74429a45-5e02-491d-a4ac-164f54042b0b.mp3"},"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v27.1 (Yoast SEO v27.1.1) - https:\/\/yoast.com\/product\/yoast-seo-premium-wordpress\/ -->\n<title>EMPC grants Al Hokair Group rights to redevelop Magic Land - 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\/2018\/02\/22\/empc-grants-al-hokair-group-rights-to-redevelop-magic-land\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"EMPC grants Al Hokair Group rights to redevelop Magic Land\" \/>\n<meta property=\"og:description\" content=\"The Egyptian Media Production City\u2019s board of directors has agreed to grant Saudi Arabia\u2019s Al Hokair Group the rights to redevelop and manage Magic Land under a 30-year license, according to a company disclosure (pdf). Al Hokair will invest a minimum of USD 30 mn over the 30 years in the project. 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