The revamp of the Giza plateau, aimed at providing a more organized and eco-friendly experience for visitors, is expected to cost over 1 billion Egyptian pounds ($51.1 million), according to Amr Gazarin, chairman of Orascom Pyramids Entertainment (OPE), the company overseeing the renovation.
Gazarin made these comments on the “Tee Talks” podcast episode titled “Transforming the Pyramids with Over EGP 1 billion.”
He added that the prefect is set to be completed by February 2025.
The episode highlighted Gazarin’s review of OPE’s ambitious transformation project at the Giza Plateau.
OPE has been developing the Giza Plateau since 2018 under a cooperation protocol with Egypt’s Supreme Council of Antiquities (SCA), which is part of the Ministry of Tourism and Antiquities.
The Giza Plateau, home to the Great Pyramid of Giza, the Sphinx, and other ancient marvels, draws millions of visitors annually.
Three pyramids lie in the Giza Plateau: one for King Khufu, the second built by his son King Khafre, and the third for Menkaure, the son of Khafre and Khufu’s grandson.
On 28 November, Gazarin announced that the company would invest an additional EGP 500 million to complete the development of the Pyramids Plateau.
This investment brings OPE’s total expenditure on the long-awaited project to EGP 1.5 billion.
The Great Pyramid of Giza, the last surviving Wonder of the Ancient World, is a powerful symbol of Egypt’s heritage and a cornerstone of its tourism industry, one of the country’s primary sources of foreign currency.
In 2023, the number of tourists visiting the country reached a new record high of 14.9 million.
This is the highest number of tourists visiting Egypt annually since 2010, when it received 14.7 million.
In the first half of 2024, Egypt attracted a record-breaking 7.1 million tourists, with revenues reaching $6.6 billion, compared to $6.3 billion in the same period of 2023.
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