Egypt, Japan to sign two financing deals in final week of October

Egypt and Japan’s International Cooperation Agency (JICA) will sign two new financing agreements within the final week of October.

The two agreements aim to finance the completion of the Grand Egyptian Museum and the renovation of a power plant in Cairo.

Egyptian Minister of International Cooperation Sahar Nasr met Friday with Takehiro Kagawa, Japan’s ambassador to Cairo, to discuss the preparations of signing the two financing agreements.

The first agreement is worth $450 million to go for the completion of the museum, which will allow Egypt to become a major worldwide hub for Pharonic history and a must-visit place for Egyptologists.

The Grand Egyptian Museum complex is extremely flexible and suitable for permanent and temporary exhibitions with an attendance up to 15,000 visitors per day.

GEM contains a library, a research centre, restoration laboratories, a museum for children and one for people with disabilities, a public square with shops (particularly a specialised museum gift shop), cafes and restaurants, and an open air museum and parking facilities.