There is a reported dispute between Emaar Properties and state-run El Nasr Housing Development over the delays in the former’s construction timetable of Uptown Cairo. Lawyers from El Nasr are seeking to nullify the contract signed between the two to recover the disputed area saying that the company has only 20% of the project, pushing the deadline further. The dispute is now being actively mediated by the government in hopes of ending it amicably, with Investment Minister Sahar Nasr and Public Business Minister Ashraf El Sharkawy holding meetings to resolve the issue, sources told Al Borsa.

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