The Sound and Light Cinema Company (SLCC) has received offers from Chinese, Indian, German, and Italian companies to develop the exhibition area near the pyramids, Chairman Sameh Saad told Youm7. The company is now drawing up the tender conditions so it can begin receiving official offers. A JV between Orascom Investment Holding and Prism International had been contracted to develop and run the show, but the latter allegedly failed to uphold contractual obligations, leading SLCC to annul the contract.
More from Enterprise
How correspondent banking works, and what the FinCEN clampdown on Banque Misr UAE means for business
As FinCEN proposes cutting Banque Misr’s UAE branches from USD…
Inside the financing of Egypt’s IPP boom
The contracts and the resources are proven, so the open…
FRA and EGX eye law change to let LLCs and partnerships set up investment funds
Regulators want to keep Egyptian money from setting up funds…
Egyptian-UK fintech Zeal raises USD 10 mn to back expansion plans
The London-based, Egyptian-founded fintech is preparing to activate its loyalty…