Corporate news
Orascom Pyramids [OPE]
One of the subsidiaries of Orascom Investment Holding (OIH), which owns 99% of the company, invested EGP 1 bn to develop the Giza Pyramids Plateau area, The company announced that it has added another EGP 500 M to this investment, bringing its total investments in the Giza Pyramids Plateau area to EGP 1.5 bn. The company expects to begin reaping the profits from these investments by 2026.The National Bank of Egypt renewed its partnership with Orascom Pyramids with the aim of developing banking services and electronic payments for visitors in the Pyramids area. This step comes within the framework of expectations that the Pyramids area will witness a tourism boom, especially after the opening of the Grand Egyptian Museum and the increase in the number of visitors to the museum and the entire Pyramids area.
Walaa Mosalam - Head of Research
WMosalam@egy.primegroup.org