{"id":656786,"date":"2024-12-10T00:00:00","date_gmt":"2024-12-10T00:00:00","guid":{"rendered":"https:\/\/enterpriseam.com\/egypt\/2024\/12\/10\/naguib-sawiris-to-invest-usd-150-mn-in-new-hotel-project-near-the-gixa-pyramids\/"},"modified":"2024-12-10T00:00:00","modified_gmt":"2024-12-10T00:00:00","slug":"naguib-sawiris-to-invest-usd-150-mn-in-new-hotel-project-near-the-gixa-pyramids","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/egypt\/2024\/12\/10\/naguib-sawiris-to-invest-usd-150-mn-in-new-hotel-project-near-the-gixa-pyramids\/","title":{"rendered":"Naguib Sawiris to invest USD 150 mn in new hotel project near the Gixa Pyramids"},"content":{"rendered":"<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"> <strong>Naguib Sawiris to establish new hotel project with investments of over USD <\/strong><strong>150 <\/strong><strong>mn:<\/strong> 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 <a target=\"_blank\" href=\"https:\/\/hapijournal.com\/2024\/12\/09\/%d9%85%d8%a4%d8%aa%d9%85%d8%b1-%d8%ac%d8%b1%d9%8a%d8%af%d8%a9-%d8%ad%d8%a7%d8%a8%d9%8a-%d9%86%d8%ac%d9%8a%d8%a8-%d8%b3%d8%a7%d9%88%d9%8a%d8%b1%d8%b3-%d8%a5%d9%82%d8%a7%d9%85%d8%a9-%d9%81%d9%86\/\" style=\"\" rel=\"noopener\">Hapi Journal<\/a>. 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.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Remember: <\/strong>Orascom Investment Holding \u2014 of which Sawiris is the executive chairman \u2014 will bring its total investments in the Pyramids Plateau through subsidiary Orascom Pyramids Entertainment to <a target=\"_blank\" href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/0945ad29-e1bb-4454-8668-1b8c99a6c110\/baron-to-invest-egp-3-bn-in-five-local-hotels-and-zanzibar-expansion-by-2026:-plus:-efg-hermes-%2B-maarif-education,-compass-capital-%2B-ci-capital,-green-coast,-edafa,-orascom%253cmark%253e-pyramids%253c%2Fmark%253e-entertainment,-bank-nxt-%2B-mindgate-solutions\" style=\"\" rel=\"noopener\">EGP 1.5 bn<\/a> by February 2025.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Ora Developers could see a listing soon:<\/strong> The business magnate also plans to list his real estate development company Ora Developers on a stock exchange within three years, Sawiris told <a target=\"_blank\" href=\"https:\/\/www.asharqbusiness.com\/financing-and-investment\/63344\/%D8%B3%D8%A7%D9%88%D9%8A%D8%B1%D8%B3-%D9%8A%D8%AF%D8%B9%D9%88-%D9%84%D8%A5%D9%84%D8%BA%D8%A7%D8%A1-%D8%A7%D9%84%D9%82%D8%B7%D8%A7%D8%B9-%D8%A7%D9%84%D8%B9%D8%A7%D9%85-%D8%A7%D9%84%D9%85%D8%B5%D8%B1%D9%8A-%D9%88%D8%B7%D8%B1%D8%AD-%D8%B4%D8%B1%D9%83%D8%A7%D8%AA%D9%87-%D8%A8%D8%A7%D9%84%D8%A8%D9%88%D8%B1%D8%B5%D8%A9\/\" style=\"\" rel=\"noopener\">As<\/a><a target=\"_blank\" href=\"https:\/\/www.asharqbusiness.com\/financing-and-investment\/63344\/%D8%B3%D8%A7%D9%88%D9%8A%D8%B1%D8%B3-%D9%8A%D8%AF%D8%B9%D9%88-%D9%84%D8%A5%D9%84%D8%BA%D8%A7%D8%A1-%D8%A7%D9%84%D9%82%D8%B7%D8%A7%D8%B9-%D8%A7%D9%84%D8%B9%D8%A7%D9%85-%D8%A7%D9%84%D9%85%D8%B5%D8%B1%D9%8A-%D9%88%D8%B7%D8%B1%D8%AD-%D8%B4%D8%B1%D9%83%D8%A7%D8%AA%D9%87-%D8%A8%D8%A7%D9%84%D8%A8%D9%88%D8%B1%D8%B5%D8%A9\/\" style=\"\" rel=\"noopener\">harq Business<\/a>, without specifying which stock exchange.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>The businessman is also planning an IPO for his real estate development company<\/p>\n","protected":false},"author":1,"featured_media":656787,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","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":[1],"tags":[72,955,78,2065],"brand":[],"newspack_spnsrs_tax":[],"class_list":["post-656786","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-uncategorized","tag-enterpriseam","tag-hospitality","tag-ipo-watch","tag-naguib-sawiris","wpautop","entry"],"acf":{"mongo_id":"645910dd-cc3c-45b5-b7cf-9117a77bdb60","order":"6","is_powered_by":false,"story_type":"1","photo_url":"https:\/\/ent.news\/2024\/12\/882.jpg","photo_position":"above","homepage_title":"","full_issue_title":"Naguib Sawiris to invest USD 150 mn in new hotel project near the Giza Pyramids","related_issue":[656777],"teaser":"The businessman is also planning an IPO for his real estate development company","voice_url":"https:\/\/s3.us-east-1.amazonaws.com\/ent.news\/audio\/2024\/12\/.6a3563a4-e836-447b-a0a7-aed8a1d5e58f.mp3"},"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v27.1 (Yoast SEO v27.1.1) - 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