{"id":13761,"date":"2019-10-11T12:36:39","date_gmt":"2019-10-11T12:36:39","guid":{"rendered":"https:\/\/onplan.ae\/emaar-misr-el-nasr-housing-reach-egp-100m-settlement-deal\/"},"modified":"2019-10-11T12:36:39","modified_gmt":"2019-10-11T12:36:39","slug":"emaar-misr-el-nasr-housing-reach-egp-100m-settlement-deal","status":"publish","type":"post","link":"https:\/\/onplan.ae\/ar\/emaar-misr-el-nasr-housing-reach-egp-100m-settlement-deal\/","title":{"rendered":"Emaar Misr, El Nasr Housing reach EGP 100m settlement deal"},"content":{"rendered":"<div>\n<p><strong>Cairo \u2013 Mubasher<\/strong>: El Nasr Housing and Development, a subsidiary of the Egyptian Ministry of Public Enterprise, has signed a settlement agreement with <a href=\"https:\/\/english.mubasher.info\/markets\/EGX\/stocks\/EMFD\/\">Emaar Misr for Development<\/a> to end a dispute regarding a project located in Mokattam.<\/p>\n<p>Under the deal, Emaar Misr for Development, an Egyptian unit of the UAE-based Emaar Properties, will pay EGP 100 million as a compensation to El Nasr Housing and Development and complete the entire project by mid-2028 as scheduled, according to a statement released by the Egyptian cabinet on Thursday.<\/p>\n<p>Emaar Misr will also be obliged to pay any arbitration expenses incurred by El Nasr Housing and Development.<\/p>\n<p>Emaar Properties still considers to tap into investment opportunities in the most populous Arab nation, chairman of Emaar Properties, Mohamad Al Abbar, said.<\/p>\n<p>Every year, the real estate sector in Egypt attracts huge local and foreign investments.<\/p>\n<p>This has led to the creation of new jobs in the market, Al Abbar added, noting that Emaar Properties has created 15,000 direct and indirect jobs in Egypt.<\/p>\n<\/p><\/div>","protected":false},"excerpt":{"rendered":"<div>\n<p><strong>Cairo \u2013 Mubasher<\/strong>: El Nasr Housing and Development, a subsidiary of the Egyptian Ministry of Public Enterprise, has signed a settlement agreement with <a href=\"https:\/\/english.mubasher.info\/markets\/EGX\/stocks\/EMFD\/\">Emaar Misr for Development<\/a> to end a dispute regarding a project located in Mokattam.<\/p>\n<p>Under the deal, Emaar Misr for Development, an Egyptian unit of the UAE-based Emaar Properties, will pay EGP 100 million as a compensation to El Nasr Housing and Development and complete the entire project by mid-2028 as scheduled, according to a statement released by the Egyptian cabinet on Thursday.<\/p>\n<p>Emaar Misr will also be obliged to pay any arbitration expenses incurred by El Nasr Housing and Development.<\/p>\n<p>Emaar Properties still considers to tap into investment opportunities in the most populous Arab nation, chairman of Emaar Properties, Mohamad Al Abbar, said.<\/p>\n<p>Every year, the real estate sector in Egypt attracts huge local and foreign investments.<\/p>\n<p>This has led to the creation of new jobs in the market, Al Abbar added, noting that Emaar Properties has created 15,000 direct and indirect jobs in Egypt.<\/p>\n<\/p><\/div>","protected":false},"author":1,"featured_media":13762,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0,"footnotes":""},"categories":[938],"tags":[],"class_list":["post-13761","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-real-estate"],"aioseo_notices":[],"_links":{"self":[{"href":"https:\/\/onplan.ae\/ar\/wp-json\/wp\/v2\/posts\/13761","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/onplan.ae\/ar\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/onplan.ae\/ar\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/onplan.ae\/ar\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/onplan.ae\/ar\/wp-json\/wp\/v2\/comments?post=13761"}],"version-history":[{"count":0,"href":"https:\/\/onplan.ae\/ar\/wp-json\/wp\/v2\/posts\/13761\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/onplan.ae\/ar\/wp-json\/wp\/v2\/media\/13762"}],"wp:attachment":[{"href":"https:\/\/onplan.ae\/ar\/wp-json\/wp\/v2\/media?parent=13761"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/onplan.ae\/ar\/wp-json\/wp\/v2\/categories?post=13761"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/onplan.ae\/ar\/wp-json\/wp\/v2\/tags?post=13761"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}