{"id":622618,"date":"2018-10-08T04:03:43","date_gmt":"2018-10-08T04:03:43","guid":{"rendered":"https:\/\/enterpriseam.com\/egypt\/2018\/10\/08\/sawiris-in-talks-with-nuca-to-partner-on-residential-project\/"},"modified":"2018-10-08T04:03:43","modified_gmt":"2018-10-08T04:03:43","slug":"sawiris-in-talks-with-nuca-to-partner-on-residential-project","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/egypt\/2018\/10\/08\/sawiris-in-talks-with-nuca-to-partner-on-residential-project\/","title":{"rendered":"Sawiris in talks with NUCA to partner on residential project"},"content":{"rendered":"<p>Orascom Investment Holding\u2019s (OIH) Naguib Sawiris is reportedly hoping to enter into a partnership agreement with the New and Urban Communities Authority (NUCA) to jointly develop land for a residential project in the Sheikh Zayed City extension, <a href=\"https:\/\/www.shorouknews.com\/news\/view.aspx?cdate=07102018&id=6798c54a-c87e-4846-8e76-397ea0fcabca\">sources told Al Shorouk<\/a>. OIH is looking to use funds from its recent USD 90 <a href=\"https:\/\/enterprise.press\/stories\/2018\/09\/17\/te-completes-acquisition-of-mena-cables\/\">sale of subsidiary MENA Submarine Cable Systems<\/a> to develop at least 1,000 feddans. No further details were provided.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Orascom Investment Holding\u2019s (OIH) Naguib Sawiris is reportedly hoping to enter into a partnership agreement with the New and Urban Communities Authority (NUCA) to jointly develop land for a residential project in the Sheikh Zayed City extension, sources told Al Shorouk. OIH is looking to use funds from its recent USD 90 sale of subsidiary [&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":[9304],"tags":[72,2402],"brand":[],"newspack_spnsrs_tax":[],"class_list":["post-622618","post","type-post","status-publish","format-standard","hentry","category-real-estate-housing","tag-enterpriseam","tag-real-estate-housing","wpautop","entry"],"acf":{"mongo_id":"657cad5b-0302-43a2-a9e0-64c127582735","order":"0","is_powered_by":true,"story_type":"1","photo_url":"","photo_position":"above","full_issue_title":"Sawiris in talks with NUCA to partner on residential project","related_issue":[622584],"teaser":"","voice_url":"https:\/\/s3.us-east-1.amazonaws.com\/ent.news\/audio\/2024\/6\/.f36e5d75-0b22-41b7-9337-e78b4d6ff345.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>Sawiris in talks with NUCA to partner on residential project - 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\/10\/08\/sawiris-in-talks-with-nuca-to-partner-on-residential-project\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Sawiris in talks with NUCA to partner on residential project\" \/>\n<meta property=\"og:description\" content=\"Orascom Investment Holding\u2019s (OIH) Naguib Sawiris is reportedly hoping to enter into a partnership agreement with the New and Urban Communities Authority (NUCA) to jointly develop land for a residential project in the Sheikh Zayed City extension, sources told Al Shorouk. OIH is looking to use funds from its recent USD 90 sale of subsidiary [&hellip;]\" \/>\n<meta property=\"og:url\" content=\"https:\/\/enterpriseam.com\/egypt\/2018\/10\/08\/sawiris-in-talks-with-nuca-to-partner-on-residential-project\/\" \/>\n<meta property=\"og:site_name\" content=\"EnterpriseAM Egypt\" \/>\n<meta property=\"article:published_time\" content=\"2018-10-08T04:03:43+00:00\" \/>\n<meta name=\"author\" content=\"enterpriseam admin\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"enterpriseam admin\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2018\/10\/08\/sawiris-in-talks-with-nuca-to-partner-on-residential-project\/#article\",\"isPartOf\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2018\/10\/08\/sawiris-in-talks-with-nuca-to-partner-on-residential-project\/\"},\"author\":{\"name\":\"enterpriseam admin\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#\/schema\/person\/ca597032db7e4db868359c123cec256d\"},\"headline\":\"Sawiris in talks with NUCA to partner on residential project\",\"datePublished\":\"2018-10-08T04:03:43+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2018\/10\/08\/sawiris-in-talks-with-nuca-to-partner-on-residential-project\/\"},\"wordCount\":79,\"publisher\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#organization\"},\"keywords\":[\"EnterpriseAM\",\"Real Estate + Housing\"],\"articleSection\":[\"Real Estate + Housing\"],\"inLanguage\":\"en-US\"},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2018\/10\/08\/sawiris-in-talks-with-nuca-to-partner-on-residential-project\/\",\"url\":\"https:\/\/enterpriseam.com\/egypt\/2018\/10\/08\/sawiris-in-talks-with-nuca-to-partner-on-residential-project\/\",\"name\":\"Sawiris in talks with NUCA to partner on residential project - 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Sources said earlier this year that OIH Chairman Naguib Sawiris had\u2026","rel":"","context":"In &quot;Speed Round&quot;","block_context":{"text":"Speed Round","link":"https:\/\/enterpriseam.com\/egypt\/category\/speed-round\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/internal\/536550.png?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]},{"id":594136,"url":"https:\/\/enterpriseam.com\/egypt\/2019\/10\/21\/sawiris-ora-in-talks-with-qatari-diar-for-51-stake-in-egypts-citygate\/","url_meta":{"origin":622618,"position":1},"title":"Sawiris\u2019 Ora in talks with Qatari Diar for 51% stake in Egypt\u2019s CityGate","author":"enterpriseam admin","date":"21 October 2019","format":false,"excerpt":"M&A WATCH- Ora Developers in talks with Qatari Diar for 51% stake in CityGate: Naguib Sawiris\u2019 Ora Developers is in \u201cadvanced talks\u201d to acquire a 51% stake in the Qatari Diar-owned company developing the CityGate project in New Cairo for USD 800 mn, unnamed sources said, according to Al Shorouk.\u2026","rel":"","context":"In &quot;Speed Round&quot;","block_context":{"text":"Speed Round","link":"https:\/\/enterpriseam.com\/egypt\/category\/speed-round\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/2019\/2\/2747.jpg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":601623,"url":"https:\/\/enterpriseam.com\/egypt\/2019\/03\/05\/sawiris-owned-real-estate-company-to-develop-58-9-feddan-sheikh-zayed-plot\/","url_meta":{"origin":622618,"position":2},"title":"Sawiris-owned real estate company to develop 58.9-feddan Sheikh Zayed plot","author":"enterpriseam admin","date":"5 March 2019","format":false,"excerpt":"A real estate development company owned by Naguib Sawiris has been awarded a contract to develop 58.9 feddans in Sheikh Zayed in partnership with the New Urban Communities Authority (NUCA), government sources said without revealing the value of the contract. 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