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Mubarak lays foundation stone of grand Egyptian museum
Egypt, Economics, 2/5/2002

Egyptian President Mubarak Monday laid the foundation stone the Grand Egyptian Museum at the beginning of the Fayoum desert road, some three kilometers from the Pyramids.

The museum will cover an area of 117 feddans (acres) and will include twenty buildings at a cost of $ 350 million.

It will showcase 150,000 pieces of antiquities dating back to various ancient eras.

Before the ceremony, Culture Minister Farouk Hosni briefed the gathering on the size and design of the new project and said that the museum will be the first to use the most sophisticated technology and be quipped with electronic devices to render it easy to maintain contacts with various museums round the world.

Secretary General of the Supreme Council of Antiquities Gaballah Ali Gaballah gave a review of the museum and the precious heritage it will showcase, that will depict Egypt's history and ancient civilization, and its prominent and long-standing role in the world as a genuine beacon of science, art and medicine.

Supervisor of the project Mohamed Ghoneim then expounded the stages of the museum's building and its sources of finance.

He noted that, besides its cultural role in producing documentaries and selling them to satellite channels, the museum will include workshops to train young artists in handicrafts.

He added that the museum represented a large investment project and its revenues will not be less important that those of the Suez Canal.

President Mubarak, accompanied by the premier, several ministers and state officials, laid the foundation stone of this great edifice.

Previous Stories:
  Positive capital market activation program   (2/4/2002)
  Consensus on Egypt's proposals at international gas exporting countries forum   (2/4/2002)
  Egyptian delegation in Ethiopia to discuss the use of Nile waters   (2/4/2002)

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