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Sunday, 14 July 2019

Tender booklet for Grand Egyptian Museum management ready

A consortium of consultants overseeing a bidding war between companies hoping to manage the USD 1 bn Grand Egyptian Museum (GEM) has finished preparing the tender’s booklet of conditions, Antiquities Minister Khaled El Anany said. A number of legal and financial experts — including the Japanese International Cooperation Agency (JICA), the biggest financier behind the project — have reviewed the conditions. The booklet was handed on Thursday to consortiums and companies that were previously given the green light to bid in the tender. Prospective bidders so far include five consortiums of Egyptian, British, Italian, French and American companies, as well as a UAE-based company that is bidding on its own, General GEM Supervisor Atef Moftah said. The winner will manage the facility for between seven and 10 years.

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