NUCA revokes Bin Laden Group subsidiary’s construction license for North Coast hotel

The New Urban Communities Authority (NUCA) revoked the construction license granted to a Bin Laden Group subsidiary to establish a North Coast hotel after the company failed to begin work on the project during the allotted time, authority official Hatem Mahmoud tells Al Borsa. According to Mahmoud, the 2015 tender for the hotel land plot had required the developer to complete the project within two years. The authority will now either withdraw the land or re-issue a tender for the hotel.