Grand Egyptian Museum to provide 15,000 new jobs

The Grand Egyptian Museum in Cairo will provide 15,000 new jobs when it opens in 2015, Egypt’s Minister of State for Antiquities Dr. Mohamed Ibrahim revealed.

The project, which has just entered its final phase of construction, already employs 5000 people.

In total, the new museum will cost EGP 5 billion (US $829 million), with a large part of funding provided by the Japanese government in the form of a soft loan to be repaid within 10 years of inauguration, the Minister added.

The new museum is being built on the Cairo-Alexandria Road, overlooking the Giza Pyramids.

The final phase of construction is expected to last three years and four months, ending in August 2015.

The opening was previously scheduled for March of the same year.