Misr for Sound and Light, a holding organization for the travel industry partnered with the Ministry of Public Business, and Orascom Investment Holding have marked an agreement for the turn of events and co-administration of sound and light shows and the display region at the Giza pyramids.
Clergyman of the Public Business Sector Hisham Tawfik said that this agreement additionally emerges from the service's craving to improve all administrations gave to Egyptian and unfamiliar sightseers visiting the pyramids.
Tawfik added that the Misr for Sound and Light organization has offered a worldwide offered for the advancement cycle and four organizations presented its offers, including Orascom Investment which won the bid.
He added that the assessed advancement cost of the task is LE200 million to be siphoned inside 16 months from the date of giving over the site to the organization.
He noticed that the agreement term will last more than 15 years, under which Misr for Sound and Light will get 17% of the task's incomes, with at least LE36 million.
An increment of seven percent of the worth of the concurred rate will be applied in total every year, he said.
"We are pleased to sign this agreement with the Ministry of Business Sector, and to execute this public undertaking," Orascom's overseeing chief and extremely rich person Naguib Sawiris said.
This comes as a feature of the service's system to create and change its auxiliaries and improve the administration of resources and ventures it claims.
