Cairo, July 7, 2025- CIB, Egypt’s leading private-sector bank, 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 the surrounding exhibition areas at the Great Pyramids of Giza and Sphinx.
CIB will fund the sound and light show’s infrastructure upgrades, including enhanced audiovisual systems, lighting technologies, and infrastructure developments. Using advanced technology, this project aims to position the area as a cultural and entertainment destination, with a new show designed to narrate the history of the pyramids.
The project includes streamlining traffic flow within the site, expanding parking areas for buses and private vehicles, and enhancing accessibility through dedicated spaces for people with disabilities. Furthermore, new electronic information panels and directional signage will be installed across the site to facilitate navigation, ensuring tourists can explore key landmarks with ease and confidence. There will also be licensed souvenir shops, cafés, and restaurants to cater to visitors' needs.
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.”
Commenting on the transaction, Hisham Ezz Al-Arab, CEO & Executive Board Member at CIB, said, “We are pleased to partner with OSL, as this partnership underscores our commitment to preserving Egypt’s rich cultural heritage. This financing aligns with our strategy to support initiatives that drive economic development and promote Egypt as a tourist destination. Our partnership with OSL serves as a model for effective collaboration in sustainable development.”
The signing ceremony took place in the presence of several key figures, including Hisham Ezz Al-Arab, CEO and Executive Board Member at CIB, Amr El-Ganainy, Deputy CEO and Executive Board Member at CIB, Soha Abou Zeid, Head of Institutional Relations and Direct Investment at CIB, Naguib Sawiris, Chairperson of Orascom Investment Holding, Manal Abdel Hamid, CEO of OSL, Marwan Hussein, CEO of Orascom Investment Holding, and senior executives from CIB, Orascom, and OSL.
