{"page":"\u003clink rel=\"stylesheet\" href=\"https://lessonplanet.com/assets/packs/css/resources-c03aa079.css\" /\u003e\n\u003clink rel=\"stylesheet\" href=\"https://lessonplanet.com/assets/packs/css/lp_boclips_stylesheets-517835be.css\" media=\"all\" /\u003e\n\u003cdiv data-title='EGYPT: VICTIMS OF NATIONALISATION TO RECEIVE COMPENSATION' data-url='/boclips/videos/5c54be38d8eafeecae139ff0' data-video-url='/boclips/videos/5c54be38d8eafeecae139ff0' id='bo_player_modal'\u003e\n\u003cdiv class='boclips-resource-page modal-dialog panel-container'\u003e\n\u003cdiv class='react-notifications-root'\u003e\u003c/div\u003e\n\u003cdiv class='rp-header'\u003e\n\u003cdiv class='rp-type'\u003e\n\u003ci aria-hidden='true' class='fai fa-regular fa-circle-play'\u003e\u003c/i\u003e\nVideo\n\u003c/div\u003e\n\u003ch1 class='rp-title' id='video-title'\u003e\nEGYPT: VICTIMS OF NATIONALISATION TO RECEIVE COMPENSATION\n\u003c/h1\u003e\n\u003cdiv class='rp-actions'\u003e\n\u003cdiv class='mr-1'\u003e\n\u003ca class=\"btn btn-success\" data-posthog-event=\"Signup: LP Signup Activity\" data-posthog-location=\"body_link_boclips\" data-remote=\"true\" href=\"/subscription/new\"\u003e\u003cspan\u003e\u003cspan\u003eGet Free Access\u003c/span\u003e\u003cspan class=\"\"\u003e for 10 Days\u003c/span\u003e\u003cspan\u003e!\u003c/span\u003e\u003c/span\u003e\u003c/a\u003e\n\u003c/div\u003e\n\u003c/div\u003e\n\u003c/div\u003e\n\u003cdiv class='rp-body'\u003e\n\u003cdiv class='rp-info'\u003e\n\u003cdiv aria-label='Hide resource details' class='rp-hide-info' role='button' tabindex='0'\u003e\u0026times;\u003c/div\u003e\n\u003ci aria-label='Expand resource details' class='rp-expand-info fai fa-solid fa-up-right-and-down-left-from-center' role='button' tabindex='0'\u003e\u003c/i\u003e\n\u003ci aria-label='Compress resource details' class='rp-compress-info fai fa-solid fa-down-left-and-up-right-to-center' role='button' tabindex='0'\u003e\u003c/i\u003e\n\u003cdiv class='rp-rating'\u003e\n\u003cspan class='resource-pool'\u003e\n\u003cspan class='pool-label'\u003ePublisher:\u003c/span\u003e\n\u003cspan class='pool-name'\u003e\n\u003cspan class='text'\u003e\u003ca data-publisher-id=\"30356011\" href=\"/search?publisher_ids%5B%5D=30356011\"\u003eCurated Video\u003c/a\u003e\u003c/span\u003e\n\u003c/span\u003e\n\u003c/span\u003e\n\u003c/div\u003e\n\u003cdiv class='rp-description'\u003e\n\u003cspan class='short-description'\u003eEnglish/NatThe victims of Egypt's nationalisation programmes of the 1950s are finally receiving compensation for property expropriated by the government.Moves to speed up the procedure for claiming compensation is part of a strategy for...\u003c/span\u003e\n\u003cspan class='full-description hide'\u003eEnglish/Nat\u003cbr/\u003eThe victims of Egypt's nationalisation programmes of the 1950s are finally receiving compensation for property expropriated by the government.\u003cbr/\u003eMoves to speed up the procedure for claiming compensation is part of a strategy for getting Egypt's economy out of the doldrums and attracting foreign capital.\u003cbr/\u003eAnd it's working --  the economy is growing at a healthy 5.7 per cent and the U-S credit rating agency Standard and Poor's last week awarded Cairo its highest yet grade.\u003cbr/\u003eIt's all adding substance to a growing recognition that Egypt's becoming a stable market economy.\u003cbr/\u003eThis elegant palace occupying a prime position on Cairo's river-front once belonged to Prince Amir Ludfulla, a wealthy Egyptian property owner.\u003cbr/\u003eBut in the 1950s it was expropriated under the socialist government of President Gamal Abdel Nasser.\u003cbr/\u003eNow three decades after seizing it, the government has finally paid out compensation -- to Prince Ludfulla's grandson Nishah Sursock.\u003cbr/\u003eSursock says by rights the palace should have been returned to him.\u003cbr/\u003eBut he says he satisfied with what he describes a \"multi-million dollar\" payment he's received from the government.\u003cbr/\u003eSOUNDBITE: (English)\u003cbr/\u003e\"Obviously we were hoping to get back the house but this was not logical, I mean we just know that this was impossible to get so what we got was a compensation which was definitely not worth the value of that palace. But good enough.\"\u003cbr/\u003eSUPER CAPTION: Nishah Sursock, descendant of property owning family\u003cbr/\u003eThe Ludfulla family palace is now a five-star Marriott hotel.\u003cbr/\u003eBut it was originally built to house foreign dignitaries visiting Egypt for the opening of the Suez Canal.\u003cbr/\u003eAnalysts say settling the compensation claim sends a positive signal to foreign investors that the government takes property rights seriously.\u003cbr/\u003eSOUNDBITE: (English)\u003cbr/\u003e\"Court cases take a very long time in Egypt. I mean, you have very long waiting lists for court time and it's one of the things that is here really. But the fact that they were paid compensation I think is very good. It means, I suppose, the system works after a while.\"\u003cbr/\u003eSUPER CAPTION: Mahmoud Sabit, Egyptian Historian\u003cbr/\u003eEgypt's reputation as a stable emerging market is due in part to the free-market policies of Prime Minister Kamal El-Ganzouri, seen here at his swearing in ceremony in January 1996.\u003cbr/\u003eHe has cut red tape which has long hampered attempts to invest in Egypt and is rapidly transforming Egypt from a state-owned behemoth to a model market-led economy.\u003cbr/\u003eCapital has recently been pouring into the country through both direct and portfolio investments.\u003cbr/\u003eThe government's decision to pay out money the state owes to victims of expropriations has also helped revive the economy.\u003cbr/\u003eNishah Sursock has used the money he's been paid to open a string of fashionable restaurants across Cairo.\u003cbr/\u003eSOUNDBITE: (English)\u003cbr/\u003e\"I do what I want, I am my own boss. That is the good thing out of this, it allowed me to become my own boss and I am happy about that.\"\u003cbr/\u003eSUPER CAPTION: Nishah Sursock, descendant of property owning family\u003cbr/\u003eDuring the Nasser era of state nationalisation, most of the great Egyptian fortunes were lost but Egyptians as a whole became no richer.\u003cbr/\u003eBy making compensation payments for some of the expropriated property the government hopes to help create the conditions whereby the nation as a whole can enjoy greater prosperity.\u003cbr/\u003eCairo, Egypt, January 26, 1997\u003cbr/\u003e1. Exteriors of palace\u003cbr/\u003e2. Nisha coming down staircase\u003cbr/\u003e3. Interiors of palace\u003cbr/\u003e4. SOUNDBITE: (English) Nihah Sursock, descendant of property owning family\u003cbr/\u003e5. Marriott logo on exterior of palace\u003cbr/\u003e6. Visitors taking photo of portrait of woman\u003cbr/\u003e7. Details of portraits\u003cbr/\u003e8. SOUNDBITE: (English) Mahmoud Sabit, Egyptian historian\u003cbr/\u003e9. Prime Minister swearing in ceremony\u003cbr/\u003e10. Various of stock market\u003cbr/\u003e11. Piano player in bar\u003cbr/\u003e12. People sitting around in bar\u003cbr/\u003e13. SOUNDBITE: (English) Nihah Sursock, descendant of property owning family\u003cbr/\u003e14. Two shots of Cairo\u003cbr/\u003e\u003c/span\u003e\n\u003c/div\u003e\n\u003cdiv class='action-container flex justify-between'\u003e\n\u003cbutton aria-expanded='false' aria-label='Read more description' class='rp-full-description' type='button'\u003e\n\u003ci class='fai fa-solid fa-align-left'\u003e\u003c/i\u003e\n\u003cspan id='read_more'\u003eRead More\u003c/span\u003e\n\u003c/button\u003e\n\u003cdiv class='rp-report'\u003e\n\u003c/div\u003e\n\u003c/div\u003e\n\u003cdiv aria-labelledby='resource-details-heading' class='rp-info-section'\u003e\n\u003ch2 class='title' id='resource-details-heading'\u003eResource Details\u003c/h2\u003e\n\u003cdiv class='rp-resource-details clearfix'\u003e\n\u003cdiv class='detail'\u003e\n\u003cdl\u003e\n\u003cdt\u003eCurator Rating\u003c/dt\u003e\n\u003cdd\u003e\u003cspan class=\"star-rating\" aria-label=\"3.5 out of 5 stars\" role=\"img\"\u003e\u003ci class=\"fa-solid fa-star text-action\" aria-hidden=\"true\"\u003e\u003c/i\u003e\u003ci class=\"fa-solid 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class='detail'\u003e\n\u003cdl\u003e\n\u003cdt\u003eDate\u003c/dt\u003e\n\u003cdd\u003e1997\u003c/dd\u003e\n\u003c/dl\u003e\n\u003c/div\u003e\n\u003cdiv class='detail'\u003e\n\u003cdl\u003e\n\u003ci aria-hidden='true' class='fai fa-solid fa-language'\u003e\u003c/i\u003e\n\n\u003c/dl\u003e\n\u003c/div\u003e\n\u003cdiv class='detail'\u003e\n\u003cdl\u003e\n\u003cdt\u003eAudiences\u003c/dt\u003e\u003cdd\u003e\u003cspan\u003e\u003ca href=\"/search?audience_ids%5B%5D=371079\u0026amp;grade_ids%5B%5D=259\u0026amp;search_tab_id=1\"\u003eFor Teacher Use\u003c/a\u003e\u003c/span\u003e\u003c/dd\u003e\u003cdd class=\"text-muted\"\u003e\u003ci class=\"fa-solid fa-lock mr5\"\u003e\u003c/i\u003e2 more...\u003c/dd\u003e\n\u003c/dl\u003e\n\u003c/div\u003e\n\u003cdiv class='detail'\u003e\n\u003cdl\u003e\n\n\u003c/dl\u003e\n\u003c/div\u003e\n\u003c/div\u003e\n\u003c/div\u003e\n\u003cdiv aria-labelledby='concepts-heading' class='rp-info-section'\u003e\n\u003ch2 class='title' id='concepts-heading'\u003eConcepts\u003c/h2\u003e\n\u003cdiv class='clearfix'\u003e\n\u003cdiv class='details-list concepts' data-identifier='Boclips::VideoDecorator' data-type='concepts'\u003ecompensation, north africa, business, economy, africa, egypt\u003c/div\u003e\n\u003cdiv class='concepts-toggle-buttons' data-identifier='Boclips::VideoDecorator'\u003e\n\u003cbutton aria-expanded='false' class='more btn-link' type='button'\u003e\n\u003cspan\u003eShow More\u003c/span\u003e\n\u003ci aria-hidden='true' class='fa-solid fa-caret-down ml5'\u003e\u003c/i\u003e\n\u003c/button\u003e\n\u003cbutton aria-expanded='true' class='less btn-link' style='display: none;' type='button'\u003e\n\u003cspan\u003eShow Less\u003c/span\u003e\n\u003ci aria-hidden='true' class='fa-solid fa-caret-up ml5'\u003e\u003c/i\u003e\n\u003c/button\u003e\n\u003c/div\u003e\n\u003c/div\u003e\n\u003c/div\u003e\n\u003cdiv aria-labelledby='additional-tags-heading' class='rp-info-section'\u003e\n\u003ch2 class='title' 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