Amal Maher Joins Arab Singers in 'Daim Al-Saif' Concert as Part of Jeddah Season Under the Slogan ‘Sold Out'
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Daily News Egypt
6 hours ago
- Daily News Egypt
CIB finances Giza Pyramids Sound and Light Show redevelopment with EGP 963m loan
The Commercial International Bank (CIB) Egypt has signed a mid-term financing agreement worth EGP 963m with OSL for Entertainment Projects (OSL), a subsidiary of Orascom Investment Holding, to support the redevelopment of the sound and light show and surrounding exhibition areas at the Pyramids of Giza and the Sphinx. The financing will fund upgrades to the sound and light show's infrastructure, including state-of-the-art audiovisual systems, lighting technologies, and civil works. The project aims to reimagine the area as a world-class cultural and entertainment destination, with a new show designed to narrate the history of the pyramids using cutting-edge technology. It forms a key part of the Giza 2030 vision, which seeks to elevate the site's tourism appeal and enhance the overall visitor experience. The agreement was signed by Manal Abdel Hamid, CEO of OSL, and Soha Abou Zeid, Head of Institutional Relations and Direct Investment at CIB, in the presence of Naguib Sawiris, Chairperson of Orascom Investment Holding; Hisham Ezz Al-Arab, CEO and Board Member of CIB; Amr El-Ganainy, Deputy CEO and Board Member of CIB; and Marwan Hussein, CEO of Orascom Investment Holding, along with senior executives from CIB, Orascom, and OSL. Naguib Sawiris expressed his satisfaction with the partnership, 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.' He also praised the close collaboration with CIB throughout the financing study and agreement process. Hisham Ezz Al-Arab said: 'We at CIB are proud to support this ambitious national project that embodies Egypt's cultural and civilisational heritage. Financing the Pyramids' sound and light show aligns with our strategy to back initiatives that drive economic development while promoting Egypt's tourism identity. Our partnership with OSL is a model for impactful collaboration in sustainable development.' CIB's support for the Giza Sound and Light Show reflects its broader commitment to projects that strengthen Egypt's cultural assets and enhance the tourism experience through improved infrastructure and expanded entertainment offerings. The collaboration also underscores CIB's role in supporting initiatives that integrate economic growth with national identity, delivering tangible social and economic benefits. As part of its long-term strategy, Orascom Investment Holding is undertaking a comprehensive transformation of the visitor experience at the Giza Plateau. Through its subsidiary Orascom Pyramids, the group recently held a soft opening of the site's redevelopment project, which seeks to modernise one of the world's most iconic archaeological destinations. The project includes streamlining traffic flow within the site to improve visitor movement, expanding parking areas for buses and private vehicles, and enhancing accessibility through dedicated spaces for people with disabilities. Additionally, the infrastructure is being upgraded to meet modern standards of comfort and safety. New electronic information points will guide and inform tourists, while licensed souvenir shops, cafés, and restaurants have been added to cater to visitor needs. Directional signage has been installed across the site to facilitate navigation, ensuring tourists can explore key landmarks with ease and confidence.
Economic Key
16 hours ago
- Economic Key
Marina Roman Theater Reopens with Major Renovation
The Roman Theater in Marina Alamein is set to officially reopen this coming Friday, following comprehensive renovation and restoration works that aim to revive its historic role as a cultural and entertainment landmark on Egypt's North Coast. According to Eng. Mohamed Khalafallah, Head of the Tourist Villages Authority, the theater will serve as a vibrant gateway for artistic and recreational activities across Marina's various districts. The venue now includes a tourist hotel with 24 rooms, an indoor cinema, and a beachfront area with facilities for children and families. The main auditorium can accommodate up to 6,000 people, making it one of the largest open-air venues in the region. In a statement to Youm7, Khalafallah confirmed that a series of celebrations will kick off on July 11, in line with the Ministry of Housing's strategic plan to enhance the cultural footprint of Marina and restore the Roman Theater's status as a leading artistic venue. The development also includes parking areas, weekly shows, family-oriented entertainment, and events throughout the summer season. Oversight of the renovation works is being conducted under the direction of the Minister of Housing, Utilities, and Urban Communities, with a focus on improving services and enhancing the quality of life for residents and visitors of Egypt's coastal tourist villages. Khalafallah noted that the redevelopment project was awarded to a private company under a usufruct (right-of-use) agreement, ensuring efficient management and operation while maximizing investment potential and safeguarding public assets. The Marina Roman Theater has a rich legacy, having hosted legendary Arab artists such as Amr Diab, Nancy Ajram, and Kadim Al Sahir. Its return is expected to boost cultural tourism and reposition Marina Alamein as a top destination for entertainment and recreation in the region. تم نسخ الرابط
See - Sada Elbalad
19 hours ago
- See - Sada Elbalad
Mayada El Hennawy to Perform Live at 39th Jerash Festival on July 27
Yara Sameh Iconic Syrian singer, Mayada El Hennawy, will perform live at the 39th edition of the Jerash Festival for Culture and Arts on July 27. Under the patronage of Jordan's King Abdullah II, the 39th edition is scheduled to kick off on Wednesday, July 23, under the theme: "Here is Jordan... and Its Glory Continues." This year's edition features over 235 artistic, cultural, and literary events from 37 Arab and international countries. It is held in the ancient city of Jerash and in several governorates, including the capital, Amman, Jerash, Madaba, Irbid, Zarqa, and others. The festival, which runs until August 2, will be held in the ancient city of Jerash at the Southern and Northern Theaters, the Main Square, the Sound and Light Theater, the Youth and Creativity Theater (Artemis), and Column Street. In Amman, events will be held at the Royal Cultural Center, the Roman Amphitheater, the Hussein Cultural Center, and the Zaha Cultural Center, as well as other activities in several governorates. The talents participating in the festival also include Assala Nasri, and Ahlam. The concerts are expected to attract thousands of visitors daily in a unique artistic atmosphere amidst the archaeological landmarks of Jerash. Founded in 1981 by the late Queen Noor, the Jerash Festival for Culture and Arts is held annually in the historical city of Jerash, 48 kilometres north of the Jordanian capital Amman. It is part of the Jordan Festival, which aims to enrich cultural activities in Jordan. The event takes place in the spectacular, floodlit settings of the Jerash ruins and includes folklore dances by both local and foreign groups, ballet, concerts, dramas, opera, popular singers, and traditional handicraft sales. With its national, Arab, and international dimensions, the Jerash Festival for Culture and Arts is a unique cultural, social, economic, and tourism phenomenon that conveys profound cultural and political messages. It also significantly contributes to the revitalization of the Kingdom's economy and tourism industry, as well as that of the city of Jerash and its surrounding community. read more New Tourism Route To Launch in Old Cairo Ahmed El Sakka-Led Play 'Sayidati Al Jamila' to Be Staged in KSA on Dec. 6 Mandy Moore Joins Season 2 of "Dr. Death" Anthology Series Don't Miss These Movies at 44th Cairo Int'l Film Festival Today Amr Diab to Headline KSA's MDLBEAST Soundstorm 2022 Festival Arts & Culture Mai Omar Stuns in Latest Instagram Photos Arts & Culture "The Flash" to End with Season 9 Arts & Culture Ministry of Culture Organizes four day Children's Film Festival Arts & Culture Canadian PM wishes Muslims Eid-al-Adha News Israeli-Linked Hadassah Clinic in Moscow Treats Wounded Iranian IRGC Fighters News China Launches Largest Ever Aircraft Carrier Sports Former Al Zamalek Player Ibrahim Shika Passes away after Long Battle with Cancer Videos & Features Tragedy Overshadows MC Alger Championship Celebration: One Fan Dead, 11 Injured After Stadium Fall Lifestyle Get to Know 2025 Eid Al Adha Prayer Times in Egypt Business Fear & Greed Index Plummets to Lowest Level Ever Recorded amid Global Trade War News Flights suspended at Port Sudan Airport after Drone Attacks News "Tensions Escalate: Iran Probes Allegations of Indian Tech Collaboration with Israeli Intelligence" Videos & Features Video: Trending Lifestyle TikToker Valeria Márquez Shot Dead during Live Stream Technology 50-Year Soviet Spacecraft 'Kosmos 482' Crashes into Indian Ocean
