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Monday, 11 June 2018

Qualified companies for GEM operation bids to be announced by mid-August

The Grand Egyptian Museum is now open for business: Investment Minister Sahar Nasr announced on Sunday the launch of the international tender for the management of facilities at the Grand Egyptian Museum (GEM). The USD 1 bn museum — USD 750 mn of which was funded through the Japan International Cooperation Agency — will host a number of facilities which will now be open to the private sector to bid on and manage, said Nasr. These include a conference center, cinema, restaurants, bookshops, and crafts centers, according to a business brochure of the museum (pdf) put out by the ministry. Winning companies will manage the facilities for a period ranging between 7-10 years. Companies bidding for the management of the Grand Egyptian Museum (GEM) will be announced by August, according to Al Mal. BWC international, Ehaf Consulting Engineers, Lord, and Hill & Knowlton will be the consultants overseeing the tender, Al Mal reports.

Antiquities Minister Khaled Anany also unveiled the GEM’s logo, which will be used in the museum’s promotional campaign in Egypt and worldwide.

1Q2019 opening: Construction work on the museum’s first phase is scheduled to be completed by end of 2018 and the facility will open its doors in 1Q2019, but interested investors can visit the site as of the second week of July.

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