{"id":629203,"date":"2018-05-24T04:10:08","date_gmt":"2018-05-24T04:10:08","guid":{"rendered":"https:\/\/enterpriseam.com\/egypt\/2018\/05\/24\/emaar-misr-el-nasr-reach-settlement-agreement-in-uptown-cairo-land-dispute\/"},"modified":"2018-05-24T04:10:08","modified_gmt":"2018-05-24T04:10:08","slug":"emaar-misr-el-nasr-reach-settlement-agreement-in-uptown-cairo-land-dispute","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/egypt\/2018\/05\/24\/emaar-misr-el-nasr-reach-settlement-agreement-in-uptown-cairo-land-dispute\/","title":{"rendered":"Emaar Misr, El Nasr reach settlement agreement in Uptown Cairo land dispute"},"content":{"rendered":"

<\/a> El Nasr Housing and Reconstruction appears to have accepted Emaar Misr\u2019s offer to settle their dispute over land for Uptown Cairo<\/strong>, Public Enterprises Minister Khaled Badawy told the press yesterday, Al Mal reports<\/a>. Badawy said state-owned El Nasr would have lost the international arbitration case it filed against Emaar<\/strong> last July. It\u2019s claims are baseless, he suggested, as the property developer was not issued a full set of licenses to begin working on the project. El Nasr had claimed that Emaar failed to develop 3 mn sqm of land allotted to it back in 2005 and that there are 215k sqm of Uptown that are technically outside the project\u2019s borders.<\/p>\n

Reports emerged earlier this week<\/a> claiming that El Nasr plans to proceed with the arbitration against Emaar, despite an earlier statement by a board member saying that El Nasr\u2019s general assembly voted to accept Emaar\u2019s EGP 100 mn settlement offer. Badawy said he pushed both sides<\/a> to come to an out-of-court settlement. We suspect the case also came up during an Ismail Cabinet meeting on Tuesday<\/a> that dove into lingering high-profile disputes between the state and investors.<\/p>\n","protected":false},"excerpt":{"rendered":"

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 July. It\u2019s claims are baseless, […]<\/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-629203","post","type-post","status-publish","format-standard","hentry","category-speed-round","tag-enterpriseam","tag-speed-round","wpautop","entry"],"acf":{"mongo_id":"1ea7f3dd-e29f-40b4-a610-b0b07db67a02","order":"0","is_powered_by":true,"section_story_id":"e370e34a-ec9e-459b-a1d2-1ede0835d696","story_type":"1","photo_url":"","photo_position":"above","related_issue":[629186],"teaser":"","voice_url":""},"yoast_head":"\nEmaar Misr, El Nasr reach settlement agreement in Uptown Cairo 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\/05\/24\/emaar-misr-el-nasr-reach-settlement-agreement-in-uptown-cairo-land-dispute\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Emaar Misr, El Nasr reach settlement agreement in Uptown Cairo land dispute\" \/>\n<meta property=\"og:description\" content=\"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. 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The\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":629203,"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":630709,"url":"https:\/\/enterpriseam.com\/egypt\/2018\/04\/30\/emaar-offers-egp-100-mn-to-settle-uptown-cairo-disputes-with-el-nasr-housing\/","url_meta":{"origin":629203,"position":4},"title":"Emaar offers EGP 100 mn to settle Uptown Cairo disputes with El Nasr Housing","author":"enterpriseam admin","date":"30 April 2018","format":false,"excerpt":"EXCLUSIVE- Emaar offers EGP 100 mn to settle dispute with El Nasr Housing: The Public Enterprises Ministry will study an offer from Emaar Misr to pay EGP 100 mn to settle an outstanding dispute with the state-owned El Nasr Housing and Reconstruction over Emaar\u2019s Uptown Cairo project, sources told us\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":629203,"position":5},"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":[]}],"_links":{"self":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/posts\/629203","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=629203"}],"version-history":[{"count":0,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/posts\/629203\/revisions"}],"acf:post":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/issue\/629186"}],"wp:attachment":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/media?parent=629203"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/categories?post=629203"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/tags?post=629203"},{"taxonomy":"brand","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/brand?post=629203"},{"taxonomy":"newspack_spnsrs_tax","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/newspack_spnsrs_tax?post=629203"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}