Cairo – Mubasher: Egyptian billionaire and chairman of Orascom Investment Holding (OIH) Naguib Sawiris has denied cancelling the deal of managing the pyramids of Giza area.

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

In December, OIH 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.

Almal News previously reported that Misr Company for Sound and Light, a subsidiary of Holding Co. for Tourism, Hotels, and Cinema, was planning to cancel a $10 billion deal for operating and developing the sound and light shows at the pyramids of Giza with a consortium comprised of OIH and France’s PRISM Entertainment.

It is worth noting that OIH 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.