Orascom Pyramids plans to raise Giza Plateau investment to EGP 2 bn

Orascom Pyramids Entertainment (OPE) plans to funnel EGP 500 mn into the Giza Plateau next year, bringing the cumulative investment by the Orascom Investment Holding subsidiary to around EGP 2 bn, Al Arabiya reports, citing Executive Chairman Amr Gazarin. The additional funding will be entirely self-financed and will focus on service quality, infrastructure, F&B, and cultural events. OPE is expecting the pyramids area to generate EGP 3-3.5 bn in revenues by year-end, riding on an annual growth rate of 20–25%. The company is also targeting 5 mn visitors to the area next year.

Why it matters: The Pyramids Plateau is one of our most high-profile private-sector concessions, operating under a strict 50-50 revenue-sharing agreement with the government, where the state is entitled to a minimum of EGP 20 mn per year. The EGP 500 mn step-up comes after the company hit its initial EGP 1.5 bn investment milestone earlier this year and signals continued confidence in the model, even as the site’s protected status puts a hard cap on how much OPE can build.

Booster shot

Korra Energi secured a EGP 470.7 mn integrated works contract for GennVax Egypt’s vaccine manufacturing facility, it said in a statement (pdf). The firm’s scope could further extend to another EGP 100 mn of additional works depending on the needs of the Ain Sokhna plant in the Suez Canal Economic Zone (SCZone). The contract covers civil, architectural, and electromechanical works across the plant, including production buildings, warehouses, water-treatment stations, admin and service buildings, and external finishing.

IN CONTEXT- Construction began on the GennVax complex in December as part of the SCZone’s pharma localization push, with plans to start production at 70-80 mn doses a year before scaling to 270 mn doses at full capacity. The contract also lands fresh off Korra’s EGX debut earlier this month, when shares closed up 19.5% on their first day of trading.

Concrete plans

Local cement player Titan Egypt is studying a EUR 20 mn investment to add a new grinding mill at its plant in El Max, Alexandria, according to an Investment Ministry statement. The consideration comes after the company secured a license to lift annual production capacity by nearly 1 mn tons, following a EUR 10 mn investment to open new export silos at the same plant. The company is targeting 300k tons of US exports over the short term, with plans to scale up to 1.3 mn tons over the coming two years.

This capacity buildout is the logistical backbone of Titan’s wider EGP 3 bn green transition, with CEO Amr Reda previously pledging to halt high-emission clinker exports entirely and pivot strictly to green cement exports. Local cement exports hit nearly USD 877 mn in 2025, with another USD 355 mn booked in the first five months of this year.