{"id":639356,"date":"2017-10-26T06:43:08","date_gmt":"2017-10-26T06:43:08","guid":{"rendered":"https:\/\/enterpriseam.com\/egypt\/2017\/10\/26\/otmt-buys-city-stars-out-of-giza-plateau-sound-and-light-development-project\/"},"modified":"2017-10-26T06:43:08","modified_gmt":"2017-10-26T06:43:08","slug":"otmt-buys-city-stars-out-of-giza-plateau-sound-and-light-development-project","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/egypt\/2017\/10\/26\/otmt-buys-city-stars-out-of-giza-plateau-sound-and-light-development-project\/","title":{"rendered":"OTMT buys City Stars out of Giza Plateau sound and light development project"},"content":{"rendered":"

Orascom Telecom Media and Technology Holding (OTMT) bought out City Stars Properties\u2019 share in the Sound and Light Cinema Company\u2019s (SLCC) development project at the Giza plateau, SLCC Chairman Nagwa El Shazli said yesterday. OTMT will help develop and run the sound and light show, in partnership with Prism Entertainment, under an agreement that will see it invest USD 10 mn over a 20-year period, she adds. The project will be managed by a joint stock company of which OTMT will hold a majority stake of 70%, according to Al Mal<\/a>. It\u2019s unclear why the Saudi-owned City Stars Properties \u2014 which had entered into an agreement with Prism in 2015 to spend USD 50 mn improving SLCC facilities and services at the Giza Plateau \u2014 decided to quit the project.<\/p>\n","protected":false},"excerpt":{"rendered":"

Orascom Telecom Media and Technology Holding (OTMT) bought out City Stars Properties\u2019 share in the Sound and Light Cinema Company\u2019s (SLCC) development project at the Giza plateau, SLCC Chairman Nagwa El Shazli said yesterday. OTMT will help develop and run the sound and light show, in partnership with Prism Entertainment, under an agreement that will […]<\/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":[72,2390],"brand":[],"newspack_spnsrs_tax":[],"class_list":["post-639356","post","type-post","status-publish","format-standard","hentry","category-other-business-news-of-note","tag-enterpriseam","tag-other-business-news-of-note","wpautop","entry"],"acf":{"mongo_id":"d3965f8b-1d11-487b-844a-8f904ef9944b","order":"0","is_powered_by":true,"story_type":"1","photo_url":"","photo_position":"above","related_issue":[639317],"teaser":"","voice_url":""},"yoast_head":"\nOTMT buys City Stars out of Giza Plateau sound and light development project - 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\/2017\/10\/26\/otmt-buys-city-stars-out-of-giza-plateau-sound-and-light-development-project\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"OTMT buys City Stars out of Giza Plateau sound and light development project\" \/>\n<meta property=\"og:description\" content=\"Orascom Telecom Media and Technology Holding (OTMT) bought out City Stars Properties\u2019 share in the Sound and Light Cinema Company\u2019s (SLCC) development project at the Giza plateau, SLCC Chairman Nagwa El Shazli said yesterday. OTMT will help develop and run the sound and light show, in partnership with Prism Entertainment, under an agreement that will […]\" \/>\n<meta property=\"og:url\" content=\"https:\/\/enterpriseam.com\/egypt\/2017\/10\/26\/otmt-buys-city-stars-out-of-giza-plateau-sound-and-light-development-project\/\" \/>\n<meta property=\"og:site_name\" content=\"EnterpriseAM Egypt\" \/>\n<meta property=\"article:published_time\" content=\"2017-10-26T06:43:08+00:00\" \/>\n<meta name=\"author\" content=\"enterpriseam admin\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"enterpriseam admin\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"1 minute\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2017\/10\/26\/otmt-buys-city-stars-out-of-giza-plateau-sound-and-light-development-project\/#article\",\"isPartOf\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2017\/10\/26\/otmt-buys-city-stars-out-of-giza-plateau-sound-and-light-development-project\/\"},\"author\":{\"name\":\"enterpriseam admin\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#\/schema\/person\/ca597032db7e4db868359c123cec256d\"},\"headline\":\"OTMT buys City Stars out of Giza Plateau sound and light development project\",\"datePublished\":\"2017-10-26T06:43:08+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2017\/10\/26\/otmt-buys-city-stars-out-of-giza-plateau-sound-and-light-development-project\/\"},\"wordCount\":139,\"publisher\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#organization\"},\"keywords\":[\"EnterpriseAM\",\"Other Business News of Note\"],\"articleSection\":[\"Other Business News of Note\"],\"inLanguage\":\"en-US\"},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2017\/10\/26\/otmt-buys-city-stars-out-of-giza-plateau-sound-and-light-development-project\/\",\"url\":\"https:\/\/enterpriseam.com\/egypt\/2017\/10\/26\/otmt-buys-city-stars-out-of-giza-plateau-sound-and-light-development-project\/\",\"name\":\"OTMT buys City Stars out of Giza Plateau sound and light development project - 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OTMT had boughtCity Stars Properties out\u2026","rel":"","context":"In "Other Business News of Note"","block_context":{"text":"Other Business News of Note","link":"https:\/\/enterpriseam.com\/egypt\/category\/other-business-news-of-note\/"},"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":639356,"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 "Speed Round"","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":634605,"url":"https:\/\/enterpriseam.com\/egypt\/2018\/01\/18\/slcc-to-discuss-giza-plateau-development-plan-with-orascom-next-week\/","url_meta":{"origin":639356,"position":2},"title":"SLCC to discuss Giza Plateau development plan with Orascom next week","author":"enterpriseam admin","date":"18 January 2018","format":false,"excerpt":"The Sound and Light Cinema Company (SLCC) will meet next week with executives from Orascom Telecom Media and Technology Holding (OTMT) to discuss the details of the Giza Plateau development project now that it has received preliminary approval, Al Shorouk reports. 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USD\u2026","rel":"","context":"In "Tourism"","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":594048,"url":"https:\/\/enterpriseam.com\/egypt\/2019\/10\/17\/public-enterprises-ministry-reaches-settlement-with-oih-over-slcc-dispute\/","url_meta":{"origin":639356,"position":4},"title":"Public Enterprises Ministry reaches settlement with OIH over SLCC dispute","author":"enterpriseam admin","date":"17 October 2019","format":false,"excerpt":"DISPUTE WATCH- OIH-Prism JV, Sound and Light Company reach settlement over contract annulment: A JV between Orascom Investment Holding (OIH) and Prism International has reached a settlement agreement with the Sound and Light Cinema Company (SLCC) over the annulment of a EGP 10 mn contract to develop the Giza Plateau,\u2026","rel":"","context":"In "Speed Round"","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":599587,"url":"https:\/\/enterpriseam.com\/egypt\/2019\/01\/03\/somethings-going-on-out-by-the-pyramids-but-we-cant-quite-put-our-finger-on-it\/","url_meta":{"origin":639356,"position":5},"title":"Something\u2019s going on out by the Pyramids, but we can\u2019t quite put our finger on it","author":"enterpriseam admin","date":"3 January 2019","format":false,"excerpt":"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\u2026","rel":"","context":"In "Speed Round"","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":[]}],"_links":{"self":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/posts\/639356","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/comments?post=639356"}],"version-history":[{"count":0,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/posts\/639356\/revisions"}],"acf:post":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/issue\/639317"}],"wp:attachment":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/media?parent=639356"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/categories?post=639356"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/tags?post=639356"},{"taxonomy":"brand","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/brand?post=639356"},{"taxonomy":"newspack_spnsrs_tax","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/newspack_spnsrs_tax?post=639356"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}