{"id":600918,"date":"2019-02-13T04:17:43","date_gmt":"2019-02-13T04:17:43","guid":{"rendered":"https:\/\/enterpriseam.com\/egypt\/2019\/02\/13\/oih-prism-jv-agrees-to-negotiate-settlement-for-sound-and-light-show-failure\/"},"modified":"2019-02-13T04:17:43","modified_gmt":"2019-02-13T04:17:43","slug":"oih-prism-jv-agrees-to-negotiate-settlement-for-sound-and-light-show-failure","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/egypt\/2019\/02\/13\/oih-prism-jv-agrees-to-negotiate-settlement-for-sound-and-light-show-failure\/","title":{"rendered":"OIH-Prism JV agrees to negotiate settlement for sound and light show failure"},"content":{"rendered":"<p><a href=\"https:\/\/enterprise.press\/stories\/2019\/01\/03\/somethings-going-on-out-by-the-pyramids-but-we-cant-quite-put-our-finger-on-it\/\">A JV<\/a> 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 <a href=\"https:\/\/enterprise.press\/stories\/2018\/12\/19\/slcc-annulls-usd-10-mn-giza-plateau-development-contract-with-oih\/\">contractual annulment<\/a>, SLCC Chairman Sameh Saad said, <a href=\"https:\/\/www.almalnews.com\/Story\/410733\/15\/%C2%AB%D8%A3%D9%88%D8%B1%D8%A7%D8%B3%D9%83%D9%88%D9%85-%D8%A8%D8%B1%D9%8A%D8%B2%D9%85%C2%BB-%D8%AA%D9%88%D8%A7%D9%81%D9%82-%D9%85%D8%A8%D8%AF%D8%A6%D9%8A%D9%8B%D8%A7-%D8%B9%D9%84%D9%89-%D8%A7%D9%84%D8%AA%D8%B5%D8%A7%D9%84%D8%AD-%D9%81%D9%89-%D9%86%D8%B2%D8%A7%D8%B9-%C2%AB%D8%A7%D9%84%D8%B5%D9%88%D8%AA-%D9%88%D8%A7%D9%84%D8%B6%D9%88%D8%A1-%C2%BB\">according to Al Mal<\/a>. SLCC contracted the JV to develop and run the sound and light show, but the latter allegedly failed to uphold contractual obligations. The state-owned company is seeking a total of EGP 200 mn in damages \u2014 EGP 100 mn from Prism for an earlier contract involving Saudi\u2019s City Stars Properties, and a further EGP 100 mn from the OIH-Prism JV. Both Prism and OIH are planning to participate separately in a tender relaunch of the project after the settlement.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>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. SLCC contracted the JV to develop and run the sound and light show, but the latter allegedly [&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":[9315],"tags":[7097,72,963,2390,238],"brand":[],"newspack_spnsrs_tax":[],"class_list":["post-600918","post","type-post","status-publish","format-standard","hentry","category-other-business-news-of-note","tag-development","tag-enterpriseam","tag-law","tag-other-business-news-of-note","tag-tourism","wpautop","entry"],"acf":{"mongo_id":"3f75072c-8c63-4524-b809-63de80a81c81","is_powered_by":true,"story_type":"1","photo_url":"","photo_position":"above","related_issue":[600886],"teaser":"","voice_url":""},"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v27.1 (Yoast SEO v27.1.1) - https:\/\/yoast.com\/product\/yoast-seo-premium-wordpress\/ -->\n<title>OIH-Prism JV agrees to negotiate settlement for sound and light show failure - EnterpriseAM Egypt<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/enterpriseam.com\/egypt\/2019\/02\/13\/oih-prism-jv-agrees-to-negotiate-settlement-for-sound-and-light-show-failure\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"OIH-Prism JV agrees to negotiate settlement for sound and light show failure\" \/>\n<meta property=\"og:description\" content=\"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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USD\u2026","rel":"","context":"In &quot;Tourism&quot;","block_context":{"text":"Tourism","link":"https:\/\/enterpriseam.com\/egypt\/category\/data\/tourism\/"},"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":600918,"position":3},"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":575095,"url":"https:\/\/enterpriseam.com\/egypt\/2020\/10\/01\/new-tender-for-pyramids-sound-and-light-show\/","url_meta":{"origin":600918,"position":4},"title":"New tender for pyramids sound and light show","author":"enterpriseam admin","date":"1 October 2020","format":false,"excerpt":"The Sound and Light Cinema Company (SLCC) has issued a global tender to develop and manage the sound and light show at the pyramids, according to Masrawy. SLCC has set a 5 November deadline for the submission of bids. SLCC had annulled in 2018 its EGP 10 mn contract with\u2026","rel":"","context":"In &quot;Tourism&quot;","block_context":{"text":"Tourism","link":"https:\/\/enterpriseam.com\/egypt\/category\/data\/tourism\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/internal\/536550.png?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]},{"id":559015,"url":"https:\/\/enterpriseam.com\/egypt\/2021\/01\/05\/deja-vu\/","url_meta":{"origin":600918,"position":5},"title":"D\u00e9j\u00e0 vu","author":"enterpriseam admin","date":"5 January 2021","format":false,"excerpt":"Orascom Investment Holding (OIH) looks set to snag the contract to develop the sound and light show at the Giza Pyramids after emerging as the sole bidder in the tender launched by the Sound and Light Cinema Company (SLCC). 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