{"id":599587,"date":"2019-01-03T04:45:57","date_gmt":"2019-01-03T04:45:57","guid":{"rendered":"https:\/\/enterpriseam.com\/egypt\/2019\/01\/03\/somethings-going-on-out-by-the-pyramids-but-we-cant-quite-put-our-finger-on-it\/"},"modified":"2019-01-03T04:45:57","modified_gmt":"2019-01-03T04:45:57","slug":"somethings-going-on-out-by-the-pyramids-but-we-cant-quite-put-our-finger-on-it","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/egypt\/2019\/01\/03\/somethings-going-on-out-by-the-pyramids-but-we-cant-quite-put-our-finger-on-it\/","title":{"rendered":"Something\u2019s going on out by the Pyramids, but we can\u2019t quite put our finger on it"},"content":{"rendered":"<p><b>Something\u2019s going on out by the Pyramids, but we can\u2019t quite put our finger on it: <\/b>The latest turn in the saga between Naguib Sawiris\u2019 Orascom Investment Holding (OIH) and Prism International sees Prism ceding its exclusive right to run the Sound and Light show at the Giza Plateau to a joint venture it had earlier created with OIH, <a href=\"https:\/\/almalnews.com\/Story\/405306\/15\/%D9%85%D9%81%D8%A7%D8%AC%D8%A3%D8%A9-%C2%AB%D8%A8%D8%B1%D9%8A%D8%B2%D9%85%C2%BB-%D8%A7%D9%84%D9%81%D8%B1%D9%86%D8%B3%D9%8A%D8%A9-%D8%AA%D9%86%D8%A7%D8%B2%D9%84%D8%AA-%D8%B9%D9%86-%D8%A7%D9%84%D8%AD%D9%82-%D8%A7%D9%84%D8%AD%D8%B5%D8%B1%D9%89-%D9%84%D8%A5%D8%AF%D8%A7%D8%B1%D8%A9-%D8%A7%D9%84%D8%B5%D9%88%D8%AA-%D9%88%D8%A7%D9%84%D8%B6%D9%88%D8%A1-%D8%A8%D8%A7%D9%84%D8%A3%D9%87%D8%B1%D8%A7%D9%85%D8%A7%D8%AA\">sources told Al Mal<\/a>. The JV is 70% owned by OIH, which the story claims had \u201casked\u201d Prism to walk away from the project as the Sound and Light Cinema Company (SLCC) prepared to <a href=\"https:\/\/enterprise.press\/stories\/2018\/12\/19\/slcc-annulls-usd-10-mn-giza-plateau-development-contract-with-oih\/\">annul the USD 10 mn contract<\/a>. And the SLCC? It\u2019s still going to pull the plug on the contract, says Mervat Hataba, chairperson of the state-owned General Company for Tourism and Hotels (better known as EGOTH). She says the SLCC is putting the right to commercialize the sound and light show back out for tender. Prism, meanwhile, is reportedly looking to take OIH to arbitration \u2014 mirroring a threat OIH had previously made.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Something\u2019s going on out by the Pyramids, but we can\u2019t quite put our finger on it: The latest turn in the saga between Naguib Sawiris\u2019 Orascom Investment Holding (OIH) and Prism International sees Prism ceding its exclusive right to run the Sound and Light show at the Giza Plateau to a joint venture it had [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"open","sticky":false,"template":"single-feature.php","format":"standard","meta":{"_acf_changed":false,"newspack_ads_suppress_ads":false,"newspack_popups_has_disabled_popups":false,"newspack_sponsor_sponsorship_scope":"","newspack_sponsor_native_byline_display":"inherit","newspack_sponsor_native_category_display":"inherit","newspack_sponsor_underwriter_style":"inherit","newspack_sponsor_underwriter_placement":"inherit","ep_exclude_from_search":false,"_primary_brand":0,"newspack_featured_image_position":"","newspack_post_subtitle":"","newspack_article_summary_title":"Overview:","newspack_article_summary":"","newspack_hide_updated_date":false,"newspack_show_updated_date":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[8572],"tags":[7097,72,618,11303,2380,238],"brand":[],"newspack_spnsrs_tax":[],"class_list":["post-599587","post","type-post","status-publish","format-standard","hentry","category-speed-round","tag-development","tag-enterpriseam","tag-orascom-investment-holding","tag-prism-international","tag-speed-round","tag-tourism","wpautop","entry"],"acf":{"mongo_id":"66d575ed-03aa-4563-9702-fb56b1dd12b4","is_powered_by":true,"section_story_id":"faf59b17-5426-4507-8af0-ab22c37ccd19","story_type":"1","photo_url":"","photo_position":"above","related_issue":[599573],"teaser":"","voice_url":""},"yoast_head":"<!-- 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Company (SLCC) over the annulment of a EGP 10 mn contract to develop the Giza Plateau,\u2026","rel":"","context":"In &quot;Speed Round&quot;","block_context":{"text":"Speed Round","link":"https:\/\/enterpriseam.com\/egypt\/category\/speed-round\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/internal\/536550.png?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]},{"id":605020,"url":"https:\/\/enterpriseam.com\/egypt\/2018\/12\/19\/slcc-annulls-usd-10-mn-giza-plateau-development-contract-with-oih\/","url_meta":{"origin":599587,"position":1},"title":"SLCC annulls USD 10 mn Giza Plateau development contract with OIH","author":"enterpriseam admin","date":"19 December 2018","format":false,"excerpt":"Sound and Light Company scraps USD 10 mn Giza Plateau development contract with OIH: The Sound and Light Cinema Company (SLCC) is working to annul its contract with Orascom Investment Holding (previously known as OTMT) for the USD 10 mn development project at the Giza Plateau, Egyptian General Company for\u2026","rel":"","context":"In &quot;Speed Round&quot;","block_context":{"text":"Speed Round","link":"https:\/\/enterpriseam.com\/egypt\/category\/speed-round\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/internal\/536550.png?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]},{"id":600918,"url":"https:\/\/enterpriseam.com\/egypt\/2019\/02\/13\/oih-prism-jv-agrees-to-negotiate-settlement-for-sound-and-light-show-failure\/","url_meta":{"origin":599587,"position":2},"title":"OIH-Prism JV agrees to negotiate settlement for sound and light show failure","author":"enterpriseam admin","date":"13 February 2019","format":false,"excerpt":"A JV between Orascom Investment Holding (OIH) and Prism International has agreed to negotiate a settlement with the Sound and Light Cinema Company (SLCC) for last year\u2019s contractual annulment, SLCC Chairman Sameh Saad said, according to Al Mal. 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