{"id":632887,"date":"2018-02-21T03:57:00","date_gmt":"2018-02-21T03:57:00","guid":{"rendered":"https:\/\/enterpriseam.com\/egypt\/2018\/02\/21\/nuca-revokes-bin-laden-group-subsidiarys-construction-license-for-north-coast-hotel\/"},"modified":"2018-02-21T03:57:00","modified_gmt":"2018-02-21T03:57:00","slug":"nuca-revokes-bin-laden-group-subsidiarys-construction-license-for-north-coast-hotel","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/egypt\/2018\/02\/21\/nuca-revokes-bin-laden-group-subsidiarys-construction-license-for-north-coast-hotel\/","title":{"rendered":"NUCA revokes Bin Laden Group subsidiary\u2019s construction license for North Coast hotel"},"content":{"rendered":"

The New Urban Communities Authority (NUCA) revoked the construction license granted to a Bin Laden Group subsidiary to establish a North Coast hotel after the company failed to begin work on the project during the allotted time, authority official Hatem Mahmoud tells Al Borsa<\/a>. According to Mahmoud, the 2015 tender for the hotel land plot had required the developer to complete the project within two years. The authority will now either withdraw the land or re-issue a tender for the hotel.<\/p>\n","protected":false},"excerpt":{"rendered":"

The New Urban Communities Authority (NUCA) revoked the construction license granted to a Bin Laden Group subsidiary to establish a North Coast hotel after the company failed to begin work on the project during the allotted time, authority official Hatem Mahmoud tells Al Borsa. According to Mahmoud, the 2015 tender for the hotel land plot […]<\/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":[9304],"tags":[72,2402],"brand":[],"newspack_spnsrs_tax":[],"class_list":["post-632887","post","type-post","status-publish","format-standard","hentry","category-real-estate-housing","tag-enterpriseam","tag-real-estate-housing","wpautop","entry"],"acf":{"mongo_id":"ed3f00d4-9097-4ff9-94e7-af1a58d8d77e","order":"0","is_powered_by":true,"section_story_id":"14d64570-47d0-48d2-95bf-24c27b6932bc","story_type":"1","photo_url":"","photo_position":"above","related_issue":[632847],"teaser":"","voice_url":""},"yoast_head":"\nNUCA revokes Bin Laden Group subsidiary\u2019s construction license for North Coast hotel - 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\/02\/21\/nuca-revokes-bin-laden-group-subsidiarys-construction-license-for-north-coast-hotel\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"NUCA revokes Bin Laden Group subsidiary\u2019s construction license for North Coast hotel\" \/>\n<meta property=\"og:description\" content=\"The New Urban Communities Authority (NUCA) revoked the construction license granted to a Bin Laden Group subsidiary to establish a North Coast hotel after the company failed to begin work on the project during the allotted time, authority official Hatem Mahmoud tells Al Borsa. According to Mahmoud, the 2015 tender for the hotel land plot […]\" \/>\n<meta property=\"og:url\" content=\"https:\/\/enterpriseam.com\/egypt\/2018\/02\/21\/nuca-revokes-bin-laden-group-subsidiarys-construction-license-for-north-coast-hotel\/\" \/>\n<meta property=\"og:site_name\" content=\"EnterpriseAM Egypt\" \/>\n<meta property=\"article:published_time\" content=\"2018-02-21T03:57:00+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<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2018\/02\/21\/nuca-revokes-bin-laden-group-subsidiarys-construction-license-for-north-coast-hotel\/#article\",\"isPartOf\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2018\/02\/21\/nuca-revokes-bin-laden-group-subsidiarys-construction-license-for-north-coast-hotel\/\"},\"author\":{\"name\":\"enterpriseam admin\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#\/schema\/person\/ca597032db7e4db868359c123cec256d\"},\"headline\":\"NUCA revokes Bin Laden Group subsidiary\u2019s construction license for North Coast hotel\",\"datePublished\":\"2018-02-21T03:57:00+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2018\/02\/21\/nuca-revokes-bin-laden-group-subsidiarys-construction-license-for-north-coast-hotel\/\"},\"wordCount\":93,\"publisher\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#organization\"},\"keywords\":[\"EnterpriseAM\",\"Real Estate + Housing\"],\"articleSection\":[\"Real Estate + Housing\"],\"inLanguage\":\"en-US\"},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2018\/02\/21\/nuca-revokes-bin-laden-group-subsidiarys-construction-license-for-north-coast-hotel\/\",\"url\":\"https:\/\/enterpriseam.com\/egypt\/2018\/02\/21\/nuca-revokes-bin-laden-group-subsidiarys-construction-license-for-north-coast-hotel\/\",\"name\":\"NUCA revokes Bin Laden Group subsidiary\u2019s construction license for North Coast hotel - 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Al Marasem, a Bin Laden Group subsidiary, asked the authority to take back the\u2026","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":593833,"url":"https:\/\/enterpriseam.com\/egypt\/2019\/10\/10\/nuca-offers-land-plots-worth-egp-35-5-bn-to-investors\/","url_meta":{"origin":632887,"position":1},"title":"NUCA offers land plots worth EGP 35.5 bn to investors","author":"enterpriseam admin","date":"10 October 2019","format":false,"excerpt":"The New Urban Communities Authority (NUCA) has tendered 26 mixed-use land plots worth EGP 35.5 bn in Sixth of October, Sheikh Zayed, New Cairo, and El Shorouk and Sadat cities under a new land tender mechanism, Housing Ministry sources told the press. In related news: NUCA has granted Al Arabia\u2026","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":559128,"url":"https:\/\/enterpriseam.com\/egypt\/2021\/01\/11\/qatari-diar-to-resume-city-gate-project\/","url_meta":{"origin":632887,"position":2},"title":"Qatari Diar to resume City Gate project","author":"enterpriseam admin","date":"11 January 2021","format":false,"excerpt":"Qatari Diar will resume work on its CityGate project after getting the green light from the New Urban Communities Authority (NUCA), seemingly putting an end to a four-year dispute over the developer failing to deliver on construction targets, Al Shorouk reports, citing unnamed sources. 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A total of 170 companies made the 10% down payment specified by the new mechanism\u2026","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":562142,"url":"https:\/\/enterpriseam.com\/egypt\/2021\/05\/09\/deadline-for-compliance-with-north-coast-land-regs-extended-till-years-end\/","url_meta":{"origin":632887,"position":4},"title":"Deadline for compliance with North Coast land regs extended till years end","author":"enterpriseam admin","date":"9 May 2021","format":false,"excerpt":"Real estate developers have until the end of the year to settle their reconciliationfees to regularize the status of their North Coast developments with the New Urban Communities Authority (NUCA) after a 30 June deadline was extended, Al Shorouk reports, citing unnamed sources in the know. 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