{"id":635959,"date":"2017-12-18T04:02:22","date_gmt":"2017-12-18T04:02:22","guid":{"rendered":"https:\/\/enterpriseam.com\/egypt\/2017\/12\/18\/ministerial-committee-resolves-usd-937-mn-dispute-with-saudi-investor\/"},"modified":"2017-12-18T04:02:22","modified_gmt":"2017-12-18T04:02:22","slug":"ministerial-committee-resolves-usd-937-mn-dispute-with-saudi-investor","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/egypt\/2017\/12\/18\/ministerial-committee-resolves-usd-937-mn-dispute-with-saudi-investor\/","title":{"rendered":"Ministerial committee resolves USD 937 mn dispute with Saudi investor"},"content":{"rendered":"<p><a class=\"content-anchor\" id=\"tldr-story-06\"><\/a> <strong>The Ministerial Committee for Settlement of Investment Disputes settled a USD 937 mn dispute with Saudi Investor Hashem El Mehdar Group Industry & Tourism Development,<\/strong> <a href=\"http:\/\/www.almasryalyoum.com\/news\/details\/1232934\">Al Masry Al Youm reports<\/a>. El Mehdar withdrew an international arbitration case he had filed against Egypt and will move ahead with planned investment in Marsa Matrouh, which were put on hold after a land dispute. Prime Minister Sherif Ismail had approved the composition of the Ministerial Committee for Settlement of Investment Disputes to be headed by the PM himself <a href=\"https:\/\/enterprise.press\/stories\/2017\/11\/09\/el-bahabety-to-head-ministerial-technical-committee-to-resolve-investment-disputes\/\">back in November<\/a>, listing our friend Moustafa El Bahabety, Deputy Justice Minister for Arbitration and International Disputes, as the head of the organization\u2019s technical committee.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>The Ministerial Committee for Settlement of Investment Disputes settled a USD 937 mn dispute with Saudi Investor Hashem El Mehdar Group Industry &#038; Tourism Development, Al Masry Al Youm reports. El Mehdar withdrew an international arbitration case he had filed against Egypt and will move ahead with planned investment in Marsa Matrouh, which were put [&hellip;]<\/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-635959","post","type-post","status-publish","format-standard","hentry","category-speed-round","tag-enterpriseam","tag-speed-round","wpautop","entry"],"acf":{"mongo_id":"e403edbd-1927-497e-bd89-e73bae7c0767","order":"0","is_powered_by":true,"section_story_id":"bf388894-32d5-40e8-aa8e-4bd3b564c879","story_type":"1","photo_url":"","photo_position":"above","related_issue":[635944],"teaser":"","voice_url":""},"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v27.1 (Yoast SEO v27.1.1) - https:\/\/yoast.com\/product\/yoast-seo-premium-wordpress\/ -->\n<title>Ministerial committee resolves USD 937 mn dispute with Saudi investor - 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\/2017\/12\/18\/ministerial-committee-resolves-usd-937-mn-dispute-with-saudi-investor\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Ministerial committee resolves USD 937 mn dispute with Saudi investor\" \/>\n<meta property=\"og:description\" content=\"The Ministerial Committee for Settlement of Investment Disputes settled a USD 937 mn dispute with Saudi Investor Hashem El Mehdar Group Industry &amp; Tourism Development, Al Masry Al Youm reports. El Mehdar withdrew an international arbitration case he had filed against Egypt and will move ahead with planned investment in Marsa Matrouh, which were put [&hellip;]\" \/>\n<meta property=\"og:url\" content=\"https:\/\/enterpriseam.com\/egypt\/2017\/12\/18\/ministerial-committee-resolves-usd-937-mn-dispute-with-saudi-investor\/\" \/>\n<meta property=\"og:site_name\" content=\"EnterpriseAM Egypt\" \/>\n<meta property=\"article:published_time\" content=\"2017-12-18T04:02:22+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\/2017\/12\/18\/ministerial-committee-resolves-usd-937-mn-dispute-with-saudi-investor\/#article\",\"isPartOf\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2017\/12\/18\/ministerial-committee-resolves-usd-937-mn-dispute-with-saudi-investor\/\"},\"author\":{\"name\":\"enterpriseam admin\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#\/schema\/person\/ca597032db7e4db868359c123cec256d\"},\"headline\":\"Ministerial committee resolves USD 937 mn dispute with Saudi investor\",\"datePublished\":\"2017-12-18T04:02:22+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2017\/12\/18\/ministerial-committee-resolves-usd-937-mn-dispute-with-saudi-investor\/\"},\"wordCount\":118,\"publisher\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#organization\"},\"keywords\":[\"EnterpriseAM\",\"SPEED ROUND\"],\"articleSection\":[\"Speed Round\"],\"inLanguage\":\"en-US\"},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2017\/12\/18\/ministerial-committee-resolves-usd-937-mn-dispute-with-saudi-investor\/\",\"url\":\"https:\/\/enterpriseam.com\/egypt\/2017\/12\/18\/ministerial-committee-resolves-usd-937-mn-dispute-with-saudi-investor\/\",\"name\":\"Ministerial committee resolves USD 937 mn dispute with Saudi investor - 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The dispute arose when EGAS did not fulfil contractual requirements towards TAQA and assigned natural gas distribution rights to separate companies, resulting in losses to\u2026","rel":"","context":"In &quot;Speed Round&quot;","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":637175,"url":"https:\/\/enterpriseam.com\/egypt\/2017\/11\/09\/el-bahabety-to-head-ministerial-technical-committee-to-resolve-investment-disputes\/","url_meta":{"origin":635959,"position":1},"title":"El Bahabety to head ministerial technical committee to resolve investment disputes","author":"enterpriseam admin","date":"9 November 2017","format":false,"excerpt":"Prime Minister Sherif Ismail has approved the composition of the Ministerial Committee for Settlement of Investment Disputes to be headed by the PM himself and to include the ministers of justice, investment, trade and industry, finance, public enterprise, as well as the Deputy Justice Minister for Arbitration and International Disputes,\u2026","rel":"","context":"In &quot;Speed Round&quot;","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":649707,"url":"https:\/\/enterpriseam.com\/egypt\/2017\/03\/07\/investment-disputes-settlement-committee-reaches-settlement-with-utsch-in-arbitration-cases-filed-against-egypt-exclusive\/","url_meta":{"origin":635959,"position":2},"title":"Investment disputes settlement committee reaches settlement with Utsch in arbitration cases filed against Egypt -Exclusive","author":"enterpriseam admin","date":"7 March 2017","format":false,"excerpt":"The Ministerial Committee for Settlement of Investment Disputes is finalizing a draft settlement agreement with Germany\u2019s Utsch AG over its international arbitration case filed against Egypt, Committee Chairman Deputy Justice Minister for Arbitration and International Disputes Moustafa El Bahabety told Enterprise exclusively. The background: The case dates back to what\u2026","rel":"","context":"In &quot;Speed Round&quot;","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":628140,"url":"https:\/\/enterpriseam.com\/egypt\/2018\/06\/26\/top-egyptian-lawyers-among-appointments-to-the-iccs-international-court-of-arbitration\/","url_meta":{"origin":635959,"position":3},"title":"Top Egyptian lawyers among appointments to the ICC\u2019s International Court of Arbitration","author":"enterpriseam admin","date":"26 June 2018","format":false,"excerpt":"Deputy Justice Minister El Bahabety named as honorary member to the ICC\u2019s International Court of Arbitration: Our friend Moustafa El Bahabety, the deputy justice minister for arbitration and international disputes, was named as an honorary member of the ICC. El Bahabety has been a judge on the ICC since 2005\u2026","rel":"","context":"In &quot;Speed Round&quot;","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":648356,"url":"https:\/\/enterpriseam.com\/egypt\/2017\/04\/02\/utsch-ag-withdraws-case-filed-against-egypt-resolution-reached\/","url_meta":{"origin":635959,"position":4},"title":"Utsch AG withdraws case filed against Egypt, resolution reached","author":"enterpriseam admin","date":"2 April 2017","format":false,"excerpt":"\u00a0Nasr reaches resolution with Utsch AG, company withdraws arbitration case:\u00a0Germany\u2019s Utsch AG has agreed to withdraw the international arbitration case it filed against Egypt in regards to what was known as the \u201clicense plates\u201d case, according to sources at the Investment and International Cooperation Ministry. Utsch and its subsidiaries had\u2026","rel":"","context":"In &quot;Speed Round&quot;","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":635959,"position":5},"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. 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