FINANCIAL NEWS

40 firms compete for $550m project in Egypt

13 Jul 2010

(MENAFN) Forty companies are vying to build the final phase of Egypt’s new $550 million museum which will showcase the largest collection of pharaonic treasures in the world, Reuters reported.

These firms submitted pre-bid documents for the main construction phase of the Grand Egyptian Museum, which will span 117 acres overlooking the great pyramids of Giza and will exhibit 100,000 artefacts.

The museum will include lavish gardens copying pharaonic designs, galleries and an archaeological research centre.

Thousands of ancient artefacts are already on display at the main museum in downtown Cairo, but more are boxed away in storage and new finds are dug up each year, so Egypt is building new museums across the country to showcase these treasures as it strives to attract more foreign visitors.

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