The Egyptian General Company for Tourism and Hotels (EGOTH) will launch an international tender for the development of the Giza Plateau and its sound and light shows within three months, Chairperson Mervat Hatabah told Youm7. The new tender will include terms that will ensure the winning bidder sticks to the implementation schedule. The Sound and Light Company in 2018 scrapped a USD 10 mn agreement with Orascom Investment Holding to develop the plateau, after repeated delays in commencing work on the project.
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…
Why EGX stocks are going under the IPO wave
Fund managers are releasing liquidity for ongoing and future IPOs,…
Egyptian-UK fintech Zeal raises USD 10 mn to back expansion plans
The London-based, Egyptian-founded fintech is preparing to activate its loyalty…