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Thursday, 1 October 2020

New tender for pyramids sound and light show

The Sound and Light Cinema Company (SLCC) has issued a global tender to develop and manage the sound and light show at the pyramids, according to Masrawy. SLCC has set a 5 November deadline for the submission of bids. SLCC had annulled in 2018 its EGP 10 mn contract with a JV between Orascom Investment Holding and Prism International, saying Orascom breached the terms of the contract by failing to carry out the required work. SLCC has since raised the minimum value of its annual tender to develop and manage the sound and light show to USD 2.5 mn.

In related news: Orascom Pyramids Entertainment has borrowed EGP 230 mn from SAIB Bank to develop the Giza Plateau, Hapi Journal reports.

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