{"id":637015,"date":"2017-11-06T03:49:08","date_gmt":"2017-11-06T03:49:08","guid":{"rendered":"https:\/\/enterpriseam.com\/egypt\/2017\/11\/06\/nuca-rejects-settlement-offer-from-ohc-on-haram-city-project\/"},"modified":"2017-11-06T03:49:08","modified_gmt":"2017-11-06T03:49:08","slug":"nuca-rejects-settlement-offer-from-ohc-on-haram-city-project","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/egypt\/2017\/11\/06\/nuca-rejects-settlement-offer-from-ohc-on-haram-city-project\/","title":{"rendered":"NUCA rejects settlement offer from OHC on Haram City project"},"content":{"rendered":"

The New Urban Communities Authority (NUCA) reportedly rejected Orascom Housing Communities (OHC)\u2019s settlement offer to buy the remaining 1380 feddans in the disputed Haram City housing project for EGP 35 per sqm, government sources tell Al Shorouk<\/a>. The source added that NUCA is pushing for the land to be bought at current market prices which are higher. OHC also reportedly offered to donate 1,000 homes to the Tahya Masr Fund and give NUCA equity in the firm if it would help secure funding for the project, after OHC agreed to buy out its US partners who have filed an international arbitration case against the authority. We had last heard<\/a> that Ittihadiya was going to come in to help push for a resolution to the dispute, which arose when NUCA provided only 620 feddans from an original contract of 2,000 feddans.<\/p>\n","protected":false},"excerpt":{"rendered":"

The New Urban Communities Authority (NUCA) reportedly rejected Orascom Housing Communities (OHC)\u2019s settlement offer to buy the remaining 1380 feddans in the disputed Haram City housing project for EGP 35 per sqm, government sources tell Al Shorouk. The source added that NUCA is pushing for the land to be bought at current market prices which […]<\/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-637015","post","type-post","status-publish","format-standard","hentry","category-real-estate-housing","tag-enterpriseam","tag-real-estate-housing","wpautop","entry"],"acf":{"mongo_id":"253495cd-670c-4243-8c8d-a3aa67ca5b17","order":"0","is_powered_by":true,"story_type":"1","photo_url":"","photo_position":"above","related_issue":[636980],"teaser":"","voice_url":""},"yoast_head":"\nNUCA rejects settlement offer from OHC on Haram City project - 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\/11\/06\/nuca-rejects-settlement-offer-from-ohc-on-haram-city-project\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"NUCA rejects settlement offer from OHC on Haram City project\" \/>\n<meta property=\"og:description\" content=\"The New Urban Communities Authority (NUCA) reportedly rejected Orascom Housing Communities (OHC)\u2019s settlement offer to buy the remaining 1380 feddans in the disputed Haram City housing project for EGP 35 per sqm, government sources tell Al Shorouk. The source added that NUCA is pushing for the land to be bought at current market prices which […]\" \/>\n<meta property=\"og:url\" content=\"https:\/\/enterpriseam.com\/egypt\/2017\/11\/06\/nuca-rejects-settlement-offer-from-ohc-on-haram-city-project\/\" \/>\n<meta property=\"og:site_name\" content=\"EnterpriseAM Egypt\" \/>\n<meta property=\"article:published_time\" content=\"2017-11-06T03:49:08+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\/11\/06\/nuca-rejects-settlement-offer-from-ohc-on-haram-city-project\/#article\",\"isPartOf\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2017\/11\/06\/nuca-rejects-settlement-offer-from-ohc-on-haram-city-project\/\"},\"author\":{\"name\":\"enterpriseam admin\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#\/schema\/person\/ca597032db7e4db868359c123cec256d\"},\"headline\":\"NUCA rejects settlement offer from OHC on Haram City project\",\"datePublished\":\"2017-11-06T03:49:08+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2017\/11\/06\/nuca-rejects-settlement-offer-from-ohc-on-haram-city-project\/\"},\"wordCount\":146,\"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\/2017\/11\/06\/nuca-rejects-settlement-offer-from-ohc-on-haram-city-project\/\",\"url\":\"https:\/\/enterpriseam.com\/egypt\/2017\/11\/06\/nuca-rejects-settlement-offer-from-ohc-on-haram-city-project\/\",\"name\":\"NUCA rejects settlement offer from OHC on Haram City project - 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OHC will be allowed to\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":627096,"url":"https:\/\/enterpriseam.com\/egypt\/2018\/07\/19\/govt-and-ohc-settle-haram-city-land-dispute\/","url_meta":{"origin":637015,"position":1},"title":"Gov\u2019t and OHC settle Haram City land dispute","author":"enterpriseam admin","date":"19 July 2018","format":false,"excerpt":"Gov\u2019t and OHC settle Haram City land dispute: The Madbouly Cabinet has signed off on a settlement with Orascom Housing Communities (OHC) over the disputed development of 1,380 feddans in the Haram City affordable housing project, government sources confirmed to Bloomberg. Under the settlement, OHC, which is majority owned by\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":629814,"url":"https:\/\/enterpriseam.com\/egypt\/2018\/04\/02\/private-sector-could-see-greater-role-in-low-income-housing-development-in-nucas-largest-land-offering\/","url_meta":{"origin":637015,"position":2},"title":"Private sector could see greater role in low-income housing development in NUCA\u2019s largest land offering","author":"enterpriseam admin","date":"2 April 2018","format":false,"excerpt":"Private sector could play a greater role in low-income housing development in NUCA\u2019s largest land offering: The Housing Ministry plans to announce this week the details of a series of tenders for urban development projects in FY2018-19, in what Housing Minister Moustafa Madbouly called the largest land offering to developers,\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":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":637015,"position":3},"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. 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