{"id":631718,"date":"2018-03-26T04:04:02","date_gmt":"2018-03-26T04:04:02","guid":{"rendered":"https:\/\/enterpriseam.com\/egypt\/2018\/03\/26\/naguib-sawiris-yassin-mansour-offer-to-buy-qatari-diar-out-of-egypt\/"},"modified":"2018-03-26T04:04:02","modified_gmt":"2018-03-26T04:04:02","slug":"naguib-sawiris-yassin-mansour-offer-to-buy-qatari-diar-out-of-egypt","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/egypt\/2018\/03\/26\/naguib-sawiris-yassin-mansour-offer-to-buy-qatari-diar-out-of-egypt\/","title":{"rendered":"Naguib Sawiris, Yassin Mansour offer to buy Qatari Diar out of Egypt?"},"content":{"rendered":"

<\/a> Naguib Sawiris, Yassin Mansour offer to buy Qatari Diar out of Egypt?<\/strong> Businessmen Naguib Sawiris and Yassin Mansour are reportedly looking to buy real estate developer Qatari Diar\u2019s Egyptian investments, sources claimed to Al Shorouk<\/a>. Naguib was said to have made Diar a EGP 35 bn offer to acquire all of its local assets<\/strong>, while Palm Hills Development Chairman Mansour made an offer for the company\u2019s New Cairo City Gate development, which has been the subject of an ongoing legal dispute with the New and Urban Communities Authority, which had set an estimate of EGP 13 bn for Diar\u2019s total fines. Diar has completed only one<\/a> of several projects it had planned for Egypt, for which it had acquired land in Sharm El Sheikh, Hurghada, and other spots along the Red Sea Coast. A state-owned company is also interested in Diar\u2019s assets, the sources added without elaborating.<\/p>\n","protected":false},"excerpt":{"rendered":"

Naguib Sawiris, Yassin Mansour offer to buy Qatari Diar out of Egypt? Businessmen Naguib Sawiris and Yassin Mansour are reportedly looking to buy real estate developer Qatari Diar\u2019s Egyptian investments, sources claimed to Al Shorouk. Naguib was said to have made Diar a EGP 35 bn offer to acquire all of its local assets, while […]<\/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-631718","post","type-post","status-publish","format-standard","hentry","category-speed-round","tag-enterpriseam","tag-speed-round","wpautop","entry"],"acf":{"mongo_id":"706b9277-6bc3-48a3-9bd4-ca50d7588dd5","order":"0","is_powered_by":true,"section_story_id":"8ce3d6c3-60d7-4144-a0ff-27597913217c","story_type":"1","photo_url":"","photo_position":"above","related_issue":[631705],"teaser":"","voice_url":""},"yoast_head":"\nNaguib Sawiris, Yassin Mansour offer to buy Qatari Diar out of Egypt? - 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\/03\/26\/naguib-sawiris-yassin-mansour-offer-to-buy-qatari-diar-out-of-egypt\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Naguib Sawiris, Yassin Mansour offer to buy Qatari Diar out of Egypt?\" \/>\n<meta property=\"og:description\" content=\"Naguib Sawiris, Yassin Mansour offer to buy Qatari Diar out of Egypt? Businessmen Naguib Sawiris and Yassin Mansour are reportedly looking to buy real estate developer Qatari Diar\u2019s Egyptian investments, sources claimed to Al Shorouk. 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A news story on Sunday said that PHD Chairman Yassin Mansour had made an offer for Diar\u2019s New Cairo\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":568845,"url":"https:\/\/enterpriseam.com\/egypt\/2020\/02\/05\/egyptian-bnaire-naguib-sawiris-acquires-60-of-qatari-diars-city-gate-project\/","url_meta":{"origin":631718,"position":1},"title":"Egyptian bn\u2019aire Naguib Sawiris acquires 60% of Qatari Diar's City Gate project","author":"enterpriseam admin","date":"5 February 2020","format":false,"excerpt":"M&A WATCH- Naguib\u2019s Ora Developers acquires 60% of Qatari Diar's City Gate project: Egyptian businessman Naguib Sawiris has agreed in principle to acquire 60% of Qatari Diar's stalled City Gate project through Ora Developers for USD 658 mn, the local press reports, citing unnamed sources. The acquisition would resolve Qatari\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\/2020\/2\/73.jpg?fit=%2C&ssl=1&resize=350%2C200","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":631718,"position":2},"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 "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\/2\/2747.jpg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":628571,"url":"https:\/\/enterpriseam.com\/egypt\/2018\/05\/08\/govt-halts-settlement-talks-with-qatari-diar-over-egp-16-bn-hurghada-project\/","url_meta":{"origin":631718,"position":3},"title":"Gov\u2019t halts settlement talks with Qatari Diar over EGP 16 bn Hurghada project","author":"enterpriseam admin","date":"8 May 2018","format":false,"excerpt":"EXCLUSIVE- Gov\u2019t halts settlement talks with Qatari Diar over EGP 16 bn Hurghada project: The government has halted settlement talks with Qatari Diar over the company\u2019s EGP 16 bn Hurghada resort, government sources tell Enterprise. The company has made no attempts to settle the dispute or engage with the government\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":573469,"url":"https:\/\/enterpriseam.com\/egypt\/2020\/08\/06\/acquisition-talks-between-oih-qatari-diar-for-city-gate-project-end-without-agreement\/","url_meta":{"origin":631718,"position":4},"title":"Acquisition talks between OIH, Qatari Diar for City Gate project end without agreement","author":"enterpriseam admin","date":"6 August 2020","format":false,"excerpt":"M&A WATCH- Talks that could have seen Naguib Sawiris acquire City Gate from developer Qatari Diar have collapsed after the two failed to land necessary approvals within an agreed timeframe, Orascom Investment Holding said in a disclosure (pdf) yesterday. Sources said earlier this year that OIH Chairman Naguib Sawiris had\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":567151,"url":"https:\/\/enterpriseam.com\/egypt\/2020\/01\/14\/qatari-diar-offers-olive-branch-to-litigious-city-gate-clients\/","url_meta":{"origin":631718,"position":5},"title":"Qatari Diar offers olive branch to litigious City Gate clients","author":"enterpriseam admin","date":"14 January 2020","format":false,"excerpt":"Qatari Diar offers City Gate customers quid pro quo: Qatari Diar has offered amended contract terms to clients of its City Gate project in exchange for them dropping lawsuits against the company, according to Al Shorouk. 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