Naguib Sawiris boosts funding for Egypt’s pyramids facilities development
The new investment, totaling approximately US$ 10 million, will fund additions including a fleet of 30 multi-stop electric buses for tours and a lightweight steel outdoor arena with a capacity of up to 15,000 spectators, Asharq Business reported CEO Amr Gazzarin as saying.
Another subsidiary of Orascom Investment Holding signed LE963 million financing agreement with Commercial International Bank last year to fund the redevelopment of the sound and light shows at the Giza Pyramids and surrounding areas.
This concession, which saw the launch of new services worth $30 million in the spring of 2025, has made the company one of the key players in the North African country’s record-breaking tourism growth.
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