{"id":628735,"date":"2018-05-13T04:18:55","date_gmt":"2018-05-13T04:18:55","guid":{"rendered":"https:\/\/enterpriseam.com\/egypt\/2018\/05\/13\/el-nasr-housing-accepts-emaars-egp-100-mn-settlement-offer-for-uptown-cairo-dispute\/"},"modified":"2018-05-13T04:18:55","modified_gmt":"2018-05-13T04:18:55","slug":"el-nasr-housing-accepts-emaars-egp-100-mn-settlement-offer-for-uptown-cairo-dispute","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/egypt\/2018\/05\/13\/el-nasr-housing-accepts-emaars-egp-100-mn-settlement-offer-for-uptown-cairo-dispute\/","title":{"rendered":"El Nasr Housing accepts Emaar\u2019s EGP 100 mn settlement offer for Uptown Cairo dispute"},"content":{"rendered":"

<\/a> El Nasr Housing accepts Emaar\u2019s EGP 100 mn settlement offer for Uptown Cairo dispute:<\/strong> State-owned El Nasr Housing and Reconstruction\u2019s general assembly voted to accept Emaar\u2019s EGP 100 mn settlement offer for their dispute over the Uptown Cairo project, El Nasr board member Ezzat Ibrahim tells Al Masry Al Youm<\/a>. The company referred the case to the Public Enterprises Ministry to sign off on its approval of the offer, according to Ibrahim. El Nasr, which filed for arbitration in Cairo last July, had demanded Emaar pay EGP 1 bn and return 3 mn sqm of land in Mokattam it says Emaar has failed to develop since they acquired it in a 2005 agreement. El Nasr is also looking to retrieve 215k sqm it says are technically outside Uptown Cairo\u2019s borders. Sources told us last month<\/a> that Emaar had presented its settlement offer despite the ministry acknowledging that the company was not at fault for delays in moving ahead with the project.<\/p>\n","protected":false},"excerpt":{"rendered":"

El Nasr Housing accepts Emaar\u2019s EGP 100 mn settlement offer for Uptown Cairo dispute: State-owned El Nasr Housing and Reconstruction\u2019s general assembly voted to accept Emaar\u2019s EGP 100 mn settlement offer for their dispute over the Uptown Cairo project, El Nasr board member Ezzat Ibrahim tells Al Masry Al Youm. The company referred the case […]<\/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-628735","post","type-post","status-publish","format-standard","hentry","category-speed-round","tag-enterpriseam","tag-speed-round","wpautop","entry"],"acf":{"mongo_id":"d44debf8-03cf-47ca-8bb5-31a1ff3ae038","order":"0","is_powered_by":true,"section_story_id":"f5c70abd-3254-407a-98a9-64e9c9d8643a","story_type":"1","photo_url":"","photo_position":"above","related_issue":[628719],"teaser":"","voice_url":""},"yoast_head":"\nEl Nasr Housing accepts Emaar\u2019s EGP 100 mn settlement offer for Uptown Cairo 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\/05\/13\/el-nasr-housing-accepts-emaars-egp-100-mn-settlement-offer-for-uptown-cairo-dispute\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"El Nasr Housing accepts Emaar\u2019s EGP 100 mn settlement offer for Uptown Cairo dispute\" \/>\n<meta property=\"og:description\" content=\"El Nasr Housing accepts Emaar\u2019s EGP 100 mn settlement offer for Uptown Cairo dispute: State-owned El Nasr Housing and Reconstruction\u2019s general assembly voted to accept Emaar\u2019s EGP 100 mn settlement offer for their dispute over the Uptown Cairo project, El Nasr board member Ezzat Ibrahim tells Al Masry Al Youm. 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The companies are now in talks\u2026","rel":"","context":"In "Speed Round"","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":629203,"url":"https:\/\/enterpriseam.com\/egypt\/2018\/05\/24\/emaar-misr-el-nasr-reach-settlement-agreement-in-uptown-cairo-land-dispute\/","url_meta":{"origin":628735,"position":2},"title":"Emaar Misr, El Nasr reach settlement agreement in Uptown Cairo land dispute","author":"enterpriseam admin","date":"24 May 2018","format":false,"excerpt":"El Nasr Housing and Reconstruction appears to have accepted Emaar Misr\u2019s offer to settle their dispute over land for Uptown Cairo, Public Enterprises Minister Khaled Badawy told the press yesterday, Al Mal reports. Badawy said state-owned El Nasr would have lost the international arbitration case it filed against Emaar last\u2026","rel":"","context":"In "Speed Round"","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":624481,"url":"https:\/\/enterpriseam.com\/egypt\/2018\/09\/10\/ruling-on-el-nasr-vs-emaar-dispute-coming-soon\/","url_meta":{"origin":628735,"position":3},"title":"Ruling on El Nasr vs. Emaar dispute coming soon?","author":"enterpriseam admin","date":"10 September 2018","format":false,"excerpt":"Ruling on El Nasr vs. Emaar dispute coming soon? The Cairo Regional Center for International Commercial Arbitration is expected to issue a ruling on state-owned El Nasr Housing and Reconstruction\u2019s dispute with Emaar Misr over land for the latter\u2019s Uptown Cairo project \u201csoon,\u201d sources with knowledge of the matter tell\u2026","rel":"","context":"In "Speed Round"","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":601541,"url":"https:\/\/enterpriseam.com\/egypt\/2019\/03\/04\/emaar-vs-el-nasr-set-to-wrap-up-for-good\/","url_meta":{"origin":628735,"position":4},"title":"Emaar vs. El Nasr set to wrap up for good","author":"enterpriseam admin","date":"4 March 2019","format":false,"excerpt":"BEEF WATCH- Emaar vs. El Nasr beef looks set to wrap up for good: Emaar Misr and El Nasr Housing will sign next week the final contracts to resolve their two-year-old dispute over a land plot and delays in Emaar\u2019s Uptown Cairo project, Public Enterprises Minister Hisham Tawfik said, according\u2026","rel":"","context":"In "Speed Round"","block_context":{"text":"Speed Round","link":"https:\/\/enterpriseam.com\/egypt\/category\/speed-round\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/2019\/3\/768.jpg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":629150,"url":"https:\/\/enterpriseam.com\/egypt\/2018\/05\/23\/arabtec-construction-wins-usd-43-mn-contract-to-develop-two-phases-in-emaars-uptown-cairo\/","url_meta":{"origin":628735,"position":5},"title":"Arabtec Construction wins USD 43 mn contract to develop two phases in Emaar\u2019s Uptown Cairo","author":"enterpriseam admin","date":"23 May 2018","format":false,"excerpt":"In other news from the real estate sector, Emaar Misr has awarded Dubai-based Arabtec Construction a USD 43 mn contract to develop two phases of Emaar\u2019s Uptown Cairo Project, according to a statement from Arabtec (pdf). 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