CIB Signs EGP 963 Million Agreement with OSL to Revamp Giza Pyramids Sound and Light Show

Commercial International Bank (CIB) has signed an EGP 963 million financing deal with Orascom’s OSL to redevelop the Giza Pyramids Sound and Light Show. The project will upgrade infrastructure, audiovisual systems, and visitor facilities, transforming the area into a world-class cultural and entertainment hub.

Jul 20, 2025 - 13:51

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CIB Signs EGP 963 Million Agreement with OSL to Revamp Giza Pyramids Sound and Light Show

A Strategic Partnership to Revitalize Egypt’s Cultural Landmarks

The Commercial International Bank (CIB), Egypt’s leading private-sector bank, has signed a mid-term financing agreement worth EGP 963 million with OSL for Entertainment Projects, a subsidiary of Orascom Investment Holding (OIH). The partnership will fund the redevelopment of the iconic Sound and Light Show and surrounding exhibition areas at the Great Pyramids of Giza and the Sphinx.

Enhancing Infrastructure and Visitor Experience

The investment aims to upgrade the site’s audiovisual systems, lighting technologies, and general infrastructure using cutting-edge technology. The new show is designed to deliver an immersive and engaging experience, narrating the rich history of the pyramids in a modern and compelling way.

The plan also includes:

Improved traffic flow within the site
Expanded parking areas for both buses and private vehicles
Enhanced accessibility with dedicated facilities for people with disabilities
Installation of digital information panels and directional signage to guide tourists
Development of licensed souvenir shops, cafés, and restaurants

Vision for a World-Class Tourist Destination

Naguib Sawiris, Chairperson of Orascom Investment Holding, emphasized the project’s cultural importance, stating:

“We are pleased to cooperate with CIB, one of our oldest financial partners, in supporting this cultural project. Orascom Investment aims to deliver a spectacular, 21st-century show that elevates service standards and embraces the latest technologies—transforming the site into a global entertainment hub that attracts repeat visits and reflects Egypt’s cultural pride.”

CIB's Role in Cultural and Economic Development

Hisham Ezz Al-Arab, CEO & Executive Board Member at CIB, highlighted the strategic alignment of the project with the bank’s vision:

“This partnership underscores our commitment to preserving Egypt’s rich cultural heritage. It aligns with our strategy to support initiatives that drive economic development and promote Egypt as a global tourist destination.”

He also noted that this collaboration with OSL is a model for sustainable development and private sector engagement in national cultural initiatives.