Naguib Sawiris to establish new hotel project with investments of over USD 150 mn: Naguib Sawiris plans to invest at least USD 150 mn to establish one or two hotels near the Pyramids and Sphinx International Airport, Sawiris told Hapi Journal. The new hotels aim to address the shortage of rooms in the area while offering easier access for tourists due to their proximity to the airport.

Remember: Orascom Investment Holding — of which Sawiris is the executive chairman — will bring its total investments in the Pyramids Plateau through subsidiary Orascom Pyramids Entertainment to EGP 1.5 bn by February 2025.

Ora Developers could see a listing soon: The business magnate also plans to list his real estate development company Ora Developers on a stock exchange within three years, Sawiris told Asharq Business, without specifying which stock exchange.

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