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Monday, 4 June 2018

El Nasr Housing employees to sue five state officials over Uptown Cairo dispute with Emaar

The tired saga of Emaar vs. El Nasr Housing continues as employees of state-owned El Nasr Housing and Reconstruction have filed a lawsuit against five state officials, including the minister of justice and public enterprises, for damages they claim to have suffered as the result of a board decision to accept a EGP 100 mn settlement agreement with Emaar Misr. The plaintiffs claim Emaar owes El Nasr more than EGP 1 bn in compensation for a dispute related to land in the Uptown Cairo project, Al Shorouk reports.

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