{"id":637850,"date":"2017-11-27T03:56:46","date_gmt":"2017-11-27T03:56:46","guid":{"rendered":"https:\/\/enterpriseam.com\/egypt\/2017\/11\/27\/nuca-disburses-egp-2-bn-of-compensation-payments-to-contractors\/"},"modified":"2017-11-27T03:56:46","modified_gmt":"2017-11-27T03:56:46","slug":"nuca-disburses-egp-2-bn-of-compensation-payments-to-contractors","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/egypt\/2017\/11\/27\/nuca-disburses-egp-2-bn-of-compensation-payments-to-contractors\/","title":{"rendered":"NUCA disburses EGP 2 bn of compensation payments to contractors"},"content":{"rendered":"

The New Urban Communities Authority (NUCA) has disbursed EGP 2 bn in compensation payments to contractors for losses incurred after the EGP float, NUCA Vice Chairman Abdel Moteleb Mamdouh said, Al Borsa reports<\/a>. NUCA has disbursed the largest sum of compensation payments under the Contractors\u2019 Compensation Act, which has helped contractors remain on schedule for completing NUCA\u2019s real estate projects, according to Mamdouh. We had noted back in August<\/a> that deliveries on social housing projects have been pushed back as some contractors halted development following delays in disbursing their compensation under the Contractors\u2019 Compensation Act.<\/p>\n","protected":false},"excerpt":{"rendered":"

The New Urban Communities Authority (NUCA) has disbursed EGP 2 bn in compensation payments to contractors for losses incurred after the EGP float, NUCA Vice Chairman Abdel Moteleb Mamdouh said, Al Borsa reports. NUCA has disbursed the largest sum of compensation payments under the Contractors\u2019 Compensation Act, which has helped contractors remain on schedule for […]<\/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-637850","post","type-post","status-publish","format-standard","hentry","category-real-estate-housing","tag-enterpriseam","tag-real-estate-housing","wpautop","entry"],"acf":{"mongo_id":"0866f426-a666-47e8-879c-45dc11fa0d1f","order":"0","is_powered_by":true,"story_type":"1","photo_url":"","photo_position":"above","related_issue":[637828],"teaser":"","voice_url":""},"yoast_head":"\nNUCA disburses EGP 2 bn of compensation payments to contractors - 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\/27\/nuca-disburses-egp-2-bn-of-compensation-payments-to-contractors\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"NUCA disburses EGP 2 bn of compensation payments to contractors\" \/>\n<meta property=\"og:description\" content=\"The New Urban Communities Authority (NUCA) has disbursed EGP 2 bn in compensation payments to contractors for losses incurred after the EGP float, NUCA Vice Chairman Abdel Moteleb Mamdouh said, Al Borsa reports. NUCA has disbursed the largest sum of compensation payments under the Contractors\u2019 Compensation Act, which has helped contractors remain on schedule for […]\" \/>\n<meta property=\"og:url\" content=\"https:\/\/enterpriseam.com\/egypt\/2017\/11\/27\/nuca-disburses-egp-2-bn-of-compensation-payments-to-contractors\/\" \/>\n<meta property=\"og:site_name\" content=\"EnterpriseAM Egypt\" \/>\n<meta property=\"article:published_time\" content=\"2017-11-27T03:56:46+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\/2017\/11\/27\/nuca-disburses-egp-2-bn-of-compensation-payments-to-contractors\/#article\",\"isPartOf\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2017\/11\/27\/nuca-disburses-egp-2-bn-of-compensation-payments-to-contractors\/\"},\"author\":{\"name\":\"enterpriseam admin\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#\/schema\/person\/ca597032db7e4db868359c123cec256d\"},\"headline\":\"NUCA disburses EGP 2 bn of compensation payments to contractors\",\"datePublished\":\"2017-11-27T03:56:46+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2017\/11\/27\/nuca-disburses-egp-2-bn-of-compensation-payments-to-contractors\/\"},\"wordCount\":104,\"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\/27\/nuca-disburses-egp-2-bn-of-compensation-payments-to-contractors\/\",\"url\":\"https:\/\/enterpriseam.com\/egypt\/2017\/11\/27\/nuca-disburses-egp-2-bn-of-compensation-payments-to-contractors\/\",\"name\":\"NUCA disburses EGP 2 bn of compensation payments to contractors - 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The remaining payments owed to contractors\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":645122,"url":"https:\/\/enterpriseam.com\/egypt\/2017\/07\/12\/contractors-want-state-to-include-fuel-and-energy-prices-hikes-under-compensation-act\/","url_meta":{"origin":637850,"position":1},"title":"Contractors want state to include fuel and energy prices hikes under compensation act","author":"enterpriseam admin","date":"12 July 2017","format":false,"excerpt":"Contractors want state to include new fuel and electricity price hikes under Contractors Compensation Act: Contractors are requesting that the state factor in the effects of the latest fuel and energy price hikes when repricing their contracts under the Contractors\u2019 Compensation Act, New Urban Communities Authority (NUCA) chief Zein Al\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":638997,"url":"https:\/\/enterpriseam.com\/egypt\/2017\/10\/18\/housing-ministry-begins-setting-compensation-rates-for-contractors\/","url_meta":{"origin":637850,"position":2},"title":"Housing Ministry begins setting compensation rates for contractors","author":"enterpriseam admin","date":"18 October 2017","format":false,"excerpt":"The Housing Ministry has begun setting up rates by which it will compensate contractors for losses incurred after the EGP float, sources tell Al Borsa. 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The law, which came into effect last month, would see the state compensate contractors for losses incurred as a\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":628272,"url":"https:\/\/enterpriseam.com\/egypt\/2018\/06\/28\/contractors-compensation-act-high-on-madbouly-cabinet-agenda\/","url_meta":{"origin":637850,"position":5},"title":"Contractors Compensation Act high on Madbouly Cabinet agenda","author":"enterpriseam admin","date":"28 June 2018","format":false,"excerpt":"CABINET WATCH- Contractors Compensation Act high on Madbouly Cabinet agenda: The focus of the Madbouly Cabinet\u2019s weekly meeting yesterday appears to have been paying out compensation to government contractors under the Contractors Compensation Act, according to a cabinet statement. 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