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Sunday, 26 May 2019

Egypt’s SLCC sets higher USD 2.5 mn limit in Giza Plateau tender relaunch

The Sound and Light Cinema Company (SLCC) has raised the minimum value of its annual tender to develop and manage the sound and light show at the Pyramids to USD 2.5 mn, sources familiar with the matter told Al Mal. The previous contract was worth EGP 10 mn (c. USD 600k), and was held by a JV between Orascom Investment Holding (OIH) and Prism International. SLCC annulled the contract last year after Orascom breached the contract terms by failing to carry out the required work. The company has launched a separate tender to develop the area near the Sphinx, according to Youm7.

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