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CIB inks EGP 963M financing deal with OSL for Giza Pyramids sound and light project

Commercial International Bank (CIB) has signed a medium-term financing agreement worth EGP 963 million with OSL Entertainment Projects, a subsidiary of Orascom Investment Holding, to support the development of the sound and light shows and viewing facilities at the Giza Pyramids.

Updated 7/10/2025 6:43:00 AM
UAE's ADFD launches $120M hotel project in Egypt

The Abu Dhabi Fund for Development (ADFD) has launched the Sofitel Legend Pyramids Giza project as part of its plans to boost strategic investments in Egypt's tourism sector.

Updated 3/16/2025 7:12:00 AM
Naguib Sawiris plans to develop $150M hotels in Pyramids area

Businessman Naguib Sawiris unveiled plans to build one or two hotels near the Pyramids area and Sphinx Airport with a combined investment value of $150 million.

Updated 12/9/2024 3:16:00 AM
Orascom Pyramids allocates EGP 1B to develop Giza pyramids area

Orascom Pyramids’ total final investment into the development of the pyramid plateau could reach EGP 1 billion.

Updated 7/27/2023 8:20:00 AM