{"id":627096,"date":"2018-07-19T03:51:33","date_gmt":"2018-07-19T03:51:33","guid":{"rendered":"https:\/\/enterpriseam.com\/egypt\/2018\/07\/19\/govt-and-ohc-settle-haram-city-land-dispute\/"},"modified":"2018-07-19T03:51:33","modified_gmt":"2018-07-19T03:51:33","slug":"govt-and-ohc-settle-haram-city-land-dispute","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/egypt\/2018\/07\/19\/govt-and-ohc-settle-haram-city-land-dispute\/","title":{"rendered":"Gov\u2019t and OHC settle Haram City land dispute"},"content":{"rendered":"<p><strong>Gov\u2019t and OHC settle Haram City land dispute:<\/strong> The Madbouly Cabinet has signed off on a settlement with Orascom Housing Communities (OHC) over the disputed development of 1,380 feddans in the Haram City affordable housing project, government sources confirmed to Bloomberg. Under the settlement, OHC, which is majority owned by Orascom Development Holding Chairman Samih Sawiris, and the authority will partner to develop 1,000 feddans of the disputed land, said ODH CEO Khaled Bichara. \u201cWe expect to sign the final revenue sharing agreement with NUCA soon,\u201d Bichara said, adding that the government will build its own social housing project on the remaining 380 acres.<\/p>\n<p><strong>Background:<\/strong> The dispute arose when NUCA provided only 620 feddans from an originally contracted 2,000 feddans, prompting a number if investors in the project (one of whom was involved in the East Mediterranean Gas arbitration case) to file an international arbitration suit. The investors were seeking compensation of as much as USD 100-200 mn, <u><a href=\"https:\/\/www.bloomberg.com\/news\/articles\/2018-07-18\/egypt-cabinet-discusses-settlement-deal-with-orascom-housing\">Sawiris tells Bloomberg<\/a><\/u>. The arbitration case was dropped after Sawiris bought out the investors. The settlement with NUCA <u><a href=\"https:\/\/enterprise.press\/stories\/2018\/04\/02\/private-sector-could-see-greater-role-in-low-income-housing-development-in-nucas-largest-land-offering-2\/\">had been reached back in April<\/a><\/u> and was awaiting government sign off.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Gov\u2019t and OHC settle Haram City land dispute: The Madbouly Cabinet has signed off on a settlement with Orascom Housing Communities (OHC) over the disputed development of 1,380 feddans in the Haram City affordable housing project, government sources confirmed to Bloomberg. Under the settlement, OHC, which is majority owned by Orascom Development Holding Chairman Samih [&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":[8572],"tags":[72,2380],"brand":[],"newspack_spnsrs_tax":[],"class_list":["post-627096","post","type-post","status-publish","format-standard","hentry","category-speed-round","tag-enterpriseam","tag-speed-round","wpautop","entry"],"acf":{"mongo_id":"f5a805fd-636f-4846-aa73-3644f235be07","order":"0","is_powered_by":true,"section_story_id":"e8e6813c-36e9-4a24-acf3-9710ad20fe1e","story_type":"1","photo_url":"","photo_position":"above","related_issue":[627085],"teaser":"","voice_url":""},"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>Gov\u2019t and OHC settle Haram City land dispute - 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\/07\/19\/govt-and-ohc-settle-haram-city-land-dispute\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Gov\u2019t and OHC settle Haram City land dispute\" \/>\n<meta property=\"og:description\" content=\"Gov\u2019t and OHC settle Haram City land dispute: The Madbouly Cabinet has signed off on a settlement with Orascom Housing Communities (OHC) over the disputed development of 1,380 feddans in the Haram City affordable housing project, government sources confirmed to Bloomberg. Under the settlement, OHC, which is majority owned by Orascom Development Holding Chairman Samih [&hellip;]\" \/>\n<meta property=\"og:url\" content=\"https:\/\/enterpriseam.com\/egypt\/2018\/07\/19\/govt-and-ohc-settle-haram-city-land-dispute\/\" \/>\n<meta property=\"og:site_name\" content=\"EnterpriseAM Egypt\" \/>\n<meta property=\"article:published_time\" content=\"2018-07-19T03:51:33+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\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"1 minute\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2018\/07\/19\/govt-and-ohc-settle-haram-city-land-dispute\/#article\",\"isPartOf\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2018\/07\/19\/govt-and-ohc-settle-haram-city-land-dispute\/\"},\"author\":{\"name\":\"enterpriseam admin\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#\/schema\/person\/ca597032db7e4db868359c123cec256d\"},\"headline\":\"Gov\u2019t and OHC settle Haram City land dispute\",\"datePublished\":\"2018-07-19T03:51:33+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2018\/07\/19\/govt-and-ohc-settle-haram-city-land-dispute\/\"},\"wordCount\":193,\"publisher\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#organization\"},\"keywords\":[\"EnterpriseAM\",\"SPEED ROUND\"],\"articleSection\":[\"Speed Round\"],\"inLanguage\":\"en-US\"},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2018\/07\/19\/govt-and-ohc-settle-haram-city-land-dispute\/\",\"url\":\"https:\/\/enterpriseam.com\/egypt\/2018\/07\/19\/govt-and-ohc-settle-haram-city-land-dispute\/\",\"name\":\"Gov\u2019t and OHC settle Haram City land dispute - 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OHC will be allowed to\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":637015,"url":"https:\/\/enterpriseam.com\/egypt\/2017\/11\/06\/nuca-rejects-settlement-offer-from-ohc-on-haram-city-project\/","url_meta":{"origin":627096,"position":1},"title":"NUCA rejects settlement offer from OHC on Haram City project","author":"enterpriseam admin","date":"6 November 2017","format":false,"excerpt":"The New Urban Communities Authority (NUCA) reportedly rejected Orascom Housing Communities (OHC)\u2019s settlement offer to buy the remaining 1380 feddans in the disputed Haram City housing project for EGP 35 per sqm, government sources tell Al Shorouk. The source added that NUCA is pushing for the land to be bought\u2026","rel":"","context":"In &quot;Real Estate + Housing&quot;","block_context":{"text":"Real Estate + Housing","link":"https:\/\/enterpriseam.com\/egypt\/category\/real-estate-housing\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/internal\/536550.png?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]},{"id":629814,"url":"https:\/\/enterpriseam.com\/egypt\/2018\/04\/02\/private-sector-could-see-greater-role-in-low-income-housing-development-in-nucas-largest-land-offering\/","url_meta":{"origin":627096,"position":2},"title":"Private sector could see greater role in low-income housing development in NUCA\u2019s largest land offering","author":"enterpriseam admin","date":"2 April 2018","format":false,"excerpt":"Private sector could play a greater role in low-income housing development in NUCA\u2019s largest land offering: The Housing Ministry plans to announce this week the details of a series of tenders for urban development projects in FY2018-19, in what Housing Minister Moustafa Madbouly called the largest land offering to developers,\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":649707,"url":"https:\/\/enterpriseam.com\/egypt\/2017\/03\/07\/investment-disputes-settlement-committee-reaches-settlement-with-utsch-in-arbitration-cases-filed-against-egypt-exclusive\/","url_meta":{"origin":627096,"position":3},"title":"Investment disputes settlement committee reaches settlement with Utsch in arbitration cases filed against Egypt -Exclusive","author":"enterpriseam admin","date":"7 March 2017","format":false,"excerpt":"The Ministerial Committee for Settlement of Investment Disputes is finalizing a draft settlement agreement with Germany\u2019s Utsch AG over its international arbitration case filed against Egypt, Committee Chairman Deputy Justice Minister for Arbitration and International Disputes Moustafa El Bahabety told Enterprise exclusively. 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OHD had agreed to buy out its US partner\u2019s 15% share following an international arbitration case against the government, but this\u2026","rel":"","context":"In &quot;Real Estate + Housing&quot;","block_context":{"text":"Real Estate + Housing","link":"https:\/\/enterpriseam.com\/egypt\/category\/real-estate-housing\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/internal\/536550.png?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]}],"_links":{"self":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/posts\/627096","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/comments?post=627096"}],"version-history":[{"count":0,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/posts\/627096\/revisions"}],"acf:post":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/issue\/627085"}],"wp:attachment":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/media?parent=627096"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/categories?post=627096"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/tags?post=627096"},{"taxonomy":"brand","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/brand?post=627096"},{"taxonomy":"newspack_spnsrs_tax","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/newspack_spnsrs_tax?post=627096"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}