Naguib Sawiris denies plans for stadium and events area at Pyramids plateau
Sawiris’s comment came after press reports circulated attributing to him his intention to build a sports stadium and events area within the Giza Pyramids archaeological site, in addition to injecting new investments worth ten million dollars into the area’s development project.
The reports added that the new funding complements the Pyramids development project that began in 2018, noting that the company’s total investment in the project will increase, according to these reports, to approximately two billion Egyptian pounds, equivalent to about $41 million.
New investments Reports indicate that the new investments aim to transform Giza Pyramids area into a comprehensive year-round destination, hosting cultural and sporting events and international concerts.
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