NUCA did not notify TMG Group that it would stop granting building licenses for Madinaty

The New Urban Communities Authority (NUCA) did not officially notify TMG Holding that it would stop granting the company building licenses for Madinaty, TMG claimed in a statement. Earlier Al Shorouk had reported that the NUCA stopped granting licenses to TMG following a previously filed lawsuit against NUCA requesting the company be allowed to pay lower-than-agreed-upon interest in the EGP 2.9 bn settlement deal announced in February 2015.