Mr. Hisham Tawfik, Minister of Public Enterprise, and Mr. Naguib Sawiris, CEO of Orascom Investment Holding (OIH), witnessed the signing of a contract for the development and participation in the management of the Sound and Light shows and the show area at the Pyramids of Giza. The contract was signed between Orascom Investment Holding and Misr Company for Sound and Light and Tourism Development. It is worth noting that Misr Co. for Sound and Light had launched an international bid for the process of developing and participating in the management of the Sound and Light shows at the Pyramids in September 2020, when 4 offers were submitted, and the company agreed to the technical and financial offer submitted by OIH at an estimated development cost of EGP 200 million to be injected into the project within 16 months from the date of receiving the site. The duration of the contract is 15 years, during which Misr Co. for Sound and Light will receive 17% of the project's yearly revenues, with a yearly minimum guarantee of EGP 36 million, at an annual increase of 7%.