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Asharq Al-Awsat
Asharq Al-Awsat
Lifestyle
Asharq Al-Awsat

Egypt's Mega-museum to Be Launched in 2020

In this Sunday, Dec. 16, 2018 photo, work continues in the shadow of a statue of Pharaoh Ramses II, at the Grand Egyptian Museum, under construction in Giza, Egypt. via AP.

On the Giza Plateau outside Cairo, thousands of Egyptians are laboring in the shadow of the pyramids to erect a monument worthy of the pharaohs,

The Associated Press

(AP) reported

The Grand Egyptian Museum, intended to showcase Egypt's ancient treasures, has been under construction for over a decade. It aims to draw tourists to help fund its future development.

But the project has been subject to repeated delays, and costs have soared from an initial $650 million to well over $1 billion, with most of the financing coming from Japan.

According to AP, It's the latest mega-project to be championed by President Abdel-Fattah el-Sissi, who is wagering that massive investments in infrastructure will revive an economy weakened by decades of stagnation.

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