{"id":629150,"date":"2018-05-23T04:26:09","date_gmt":"2018-05-23T04:26:09","guid":{"rendered":"https:\/\/enterpriseam.com\/egypt\/2018\/05\/23\/arabtec-construction-wins-usd-43-mn-contract-to-develop-two-phases-in-emaars-uptown-cairo\/"},"modified":"2018-05-23T04:26:09","modified_gmt":"2018-05-23T04:26:09","slug":"arabtec-construction-wins-usd-43-mn-contract-to-develop-two-phases-in-emaars-uptown-cairo","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/egypt\/2018\/05\/23\/arabtec-construction-wins-usd-43-mn-contract-to-develop-two-phases-in-emaars-uptown-cairo\/","title":{"rendered":"Arabtec Construction wins USD 43 mn contract to develop two phases in Emaar\u2019s Uptown Cairo"},"content":{"rendered":"

In other news from the real estate sector, Emaar Misr has awarded Dubai-based <\/strong>Arabtec Construction<\/strong><\/a> a USD 43 mn contract <\/strong>to develop two phases of Emaar\u2019s Uptown Cairo Project, according to a statement from Arabtec (pdf)<\/a>. The agreement will see Arabtec build villas as well as develop \u201csurrounding roadworks and infrastructure\u201d in the two phases, which have a built-up area of around 61k sqm.<\/p>\n

Meanwhile, Emaar Misr continues look for resolution of its dispute with state-owned El Nasr Housing and Reconstruction<\/strong> at the Uptown Cairo project, which centers on El Nasr\u2019s claims that Emaar failed to develop 3 mn sqm of land allotted to it back in 2005 \u2014 and that there are 215k sqm of Uptown that are technically outside the project\u2019s borders. Reports emerged on Sunday<\/a> that El Nasr is planning to proceed with the arbitration suit it filed last July against Emaar, despite a statement two weeks earlier from a board member that El Nasr\u2019s general assembly had voted to accept<\/a> Emaar\u2019s settlement offer. A source had told us last month<\/a> that Emaar had offered EGP 100 mn to settle the dispute.<\/p>\n

Ismail Cabinet on the case?<\/strong> The Ismail Cabinet held a meeting on Tuesday to discuss some of the major lingering cases of disputes between the state and investors, according toa cabinet statement<\/a>. The statement did not specifically mention Emaar.<\/p>\n","protected":false},"excerpt":{"rendered":"

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). The agreement will see Arabtec build villas as well as develop \u201csurrounding roadworks and infrastructure\u201d in the two phases, […]<\/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-629150","post","type-post","status-publish","format-standard","hentry","category-speed-round","tag-enterpriseam","tag-speed-round","wpautop","entry"],"acf":{"mongo_id":"cb70156d-f354-4f29-bff6-f2bfa3db913a","order":"0","is_powered_by":true,"section_story_id":"717bd19b-ae50-474b-92b0-2be2910b200c","story_type":"1","photo_url":"","photo_position":"above","related_issue":[629135],"teaser":"","voice_url":""},"yoast_head":"\nArabtec Construction wins USD 43 mn contract to develop two phases in Emaar\u2019s Uptown Cairo - 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\/23\/arabtec-construction-wins-usd-43-mn-contract-to-develop-two-phases-in-emaars-uptown-cairo\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Arabtec Construction wins USD 43 mn contract to develop two phases in Emaar\u2019s Uptown Cairo\" \/>\n<meta property=\"og:description\" content=\"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). The agreement will see Arabtec build villas as well as develop \u201csurrounding roadworks and infrastructure\u201d in the two phases, […]\" \/>\n<meta property=\"og:url\" content=\"https:\/\/enterpriseam.com\/egypt\/2018\/05\/23\/arabtec-construction-wins-usd-43-mn-contract-to-develop-two-phases-in-emaars-uptown-cairo\/\" \/>\n<meta property=\"og:site_name\" content=\"EnterpriseAM Egypt\" \/>\n<meta property=\"article:published_time\" content=\"2018-05-23T04:26:09+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\/05\/23\/arabtec-construction-wins-usd-43-mn-contract-to-develop-two-phases-in-emaars-uptown-cairo\/#article\",\"isPartOf\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2018\/05\/23\/arabtec-construction-wins-usd-43-mn-contract-to-develop-two-phases-in-emaars-uptown-cairo\/\"},\"author\":{\"name\":\"enterpriseam admin\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#\/schema\/person\/ca597032db7e4db868359c123cec256d\"},\"headline\":\"Arabtec Construction wins USD 43 mn contract to develop two phases in Emaar\u2019s Uptown Cairo\",\"datePublished\":\"2018-05-23T04:26:09+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2018\/05\/23\/arabtec-construction-wins-usd-43-mn-contract-to-develop-two-phases-in-emaars-uptown-cairo\/\"},\"wordCount\":239,\"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\/05\/23\/arabtec-construction-wins-usd-43-mn-contract-to-develop-two-phases-in-emaars-uptown-cairo\/\",\"url\":\"https:\/\/enterpriseam.com\/egypt\/2018\/05\/23\/arabtec-construction-wins-usd-43-mn-contract-to-develop-two-phases-in-emaars-uptown-cairo\/\",\"name\":\"Arabtec Construction wins USD 43 mn contract to develop two phases in Emaar\u2019s Uptown Cairo - 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Cairo project, El Nasr board member Ezzat Ibrahim tells Al Masry Al Youm.\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":629150,"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":600041,"url":"https:\/\/enterpriseam.com\/egypt\/2019\/01\/17\/emaar-vs-el-nasr-dispute-resolved-minister-says\/","url_meta":{"origin":629150,"position":3},"title":"Emaar vs. El Nasr dispute resolved, minister says","author":"enterpriseam admin","date":"17 January 2019","format":false,"excerpt":"Emaar vs. El Nasr dispute resolved, minister says: A settlement has been reached between Emaar Misr and state-owned El Nasr Housing & Reconstruction over a disputed land plot and delays in execution pertaining Emaar\u2019s Uptown Cairo project, Public Enterprise Minister Hisham Tawfik tells Masrawy. 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":596364,"url":"https:\/\/enterpriseam.com\/egypt\/2019\/08\/26\/emaar-misr-awards-arabtec-contract-to-build-two-communities-in-uptown-cairo\/","url_meta":{"origin":629150,"position":4},"title":"Emaar Misr awards Arabtec contract to build two communities in Uptown Cairo","author":"enterpriseam admin","date":"26 August 2019","format":false,"excerpt":"Emaar Misr has awarded Dubai-based construction company Arabtec a EGP 1.8 bn contract to build two residential areas in Emaar\u2019s Uptown Cairo project, Emaar said in a bourse filing (pdf).","rel":"","context":"In "Real Estate + Housing"","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":601541,"url":"https:\/\/enterpriseam.com\/egypt\/2019\/03\/04\/emaar-vs-el-nasr-set-to-wrap-up-for-good\/","url_meta":{"origin":629150,"position":5},"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":[]}],"_links":{"self":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/posts\/629150","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=629150"}],"version-history":[{"count":0,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/posts\/629150\/revisions"}],"acf:post":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/issue\/629135"}],"wp:attachment":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/media?parent=629150"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/categories?post=629150"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/tags?post=629150"},{"taxonomy":"brand","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/brand?post=629150"},{"taxonomy":"newspack_spnsrs_tax","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/newspack_spnsrs_tax?post=629150"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}