Egyptian Tycoon Naguib Sawiris denies cancelling pyramids area contract

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Egyptian billionaire and chairman of Orascom Investment Holding Naguib Sawiris denied on Wednesday cancelling the deal of managing the pyramids of Giza area, according to Mubasher.

the company is set to receive the site on 29 January, the Egyptian tycoon posted on Twitter.

In December, Orascom announced it was willing to develop the sound and light shows at the pyramids of Giza area if the Egyptian government offer the project again.

The company signed a licensing contract with the Supreme Council of Antiquities in December to operate and provide services at the visiting area of the pyramids of Giza.