Cairo: With great pride and anticipation, we await the opening of the Grand Egyptian Museum (GEM), a monumental and exceptional project that draws on the genius of the ancient Egyptians, the creators of the greatest civilization, transforming their legacy into a powerful, influential, and sustainable tool for investing in the future, said Finance Minister Ahmed Kouchouk in an article to MENA.
According to State Information Service Egypt, the project once again draws the world's attention to Egypt, the land of civilization and history, in a unique scene that blends deep-rooted authenticity with modern creativity. This reflects the state's vision of turning this civilizational heritage into a driving force for sustainable economic development through a fruitful partnership model with the private sector.
Egypt is once again taking center stage globally with the opening of this museum, the largest in the world dedicated to a single civilization. It houses an advanced historical collection of Egypt's timeless treasures, most notably the complete collection of Tutankhamen, making it a destination that will attract millions of tourists each year.
The Grand Egyptian Museum reflects the growing attention the state gives to the tourism and hospitality sector and its related industries such as transport, restaurants, retail, small and handicraft industries. These are regarded as one of the main pillars of economic activity and sustainable growth, offering broad employment opportunities and serving as a key source of foreign currency. This focus builds on Egypt's immense civilizational heritage, which makes it a leading destination on the global tourism map.
This majestic cultural landmark aligns with the government's efforts to maximize the use of state-owned assets and transform them into opportunities and resources that support the Egyptian economy. It also aims to restore investor and tourist confidence and attract more foreign direct investment, thus creating investment opportunities with sustainable economic returns.
Such large-scale projects stand as exceptional models for promoting Egypt as an attractive investment destination, with an economy advancing on the path of competitiveness. It is supported by strong comparative advantages and a strategic location that provides access to African and European markets. The economy rests on a diverse structure encompassing various key sectors that drive growth, sustainability, job creation, and comprehensive development.
This historic achievement coincides with a period of economic and financial stability and improvement, alongside a rise in private investments and robust growth in Egyptian exports of goods and services. The economic ministerial group is building upon this harmony to unleash potential and explore new opportunities for growth and progress in the Egyptian economy.
The Ministry of Finance, in collaboration with the Ministry of Tourism and Antiquities and the Ministry of Investment, has launched numerous initiatives to support tourism.