Saudi Arabia’s Al Hokair to operate Egypt’s Magic Land

The Egyptian Media Production City (EMPC) announced on Tuesday that it has entered into a usufruct agreement with Saudi Arabia’s Al Hokair Group for the building, operation and transfer (BOT) of EMPC’s entertainment area of Magic Land.

The Egyptian company’s statement came in response to the EGX inquiry amid the circulating news of co-operation between the Egyptian and the Saudi companies.