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Sunday, 24 April 2016

Investment minister to intercede on behalf of Al Hokair over Mall of Arabia expansion dispute

Investment Minister Dalia Khorshid promised to work with Housing Minister Moustafa Madbouly to resolve the dispute between the New Urban Communities Authority (NUCA) and Fawaz Al Hokair Group over a 60 feddan plot allotted for phase two of Mall of Arabia, Al Masry Al Youm reports. The promise came at a meeting with representatives of the company, who also discussed its upcoming expansions. The dispute arose after NUCA withdrew land tendered to the company for the Mall of Arabia expansion after Al Hokair failed to make installment payments due to the stalling of the project. (Read in Arabic)

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