Search This Blog

Wednesday, August 24, 2016

Egypt to Receive $451 Million Loan From Japan to Fund Grand Egyptian Museum | Egyptian Streets


http://egyptianstreets.com/2016/08/22/egypt-to-receive-451-million-loan-from-japan-to-fund-grand-egyptian-museum/

Egypt to Receive $451 Million Loan From Japan to Fund Grand Egyptian Museum

The site of the Grand Egyptian Museum, located near the Giza Pyramids. (AP Photo/Amr Nabil)

Japan will be providing Egypt with a concessional loan worth USD 451 million to resume construction of the Grand Egyptian Museum, Egypt’s cabinet announced on Sunday.

The announcement of the loan comes after Egyptian Prime Minister Sherif Ismail met with Japan’s Vice Minister for Foreign Affairs, Motome Takisawa, to discuss bilateral cooperations and boosting ties between the two nations.

The two also discussed increasing Japanese tourism to Egypt, as well as the possibility of Japan supporting Egyptian Ambassador Moushira Khattab’s bid to become UNESCO’s Director-General.

Last year, then-Minister of Antiquities Mamdouh Al-Damaty announced that funding for the museum had run dry, as costs increased from USD 800 million to USD 1.1 billion. The increase in costs came as the EGP weakened against the USD.

The Grand Egyptian Museum was set to open in 2015; however, its opening is now scheduled to take place in 2018. It will be Egypt’s largest and primary museum and, spanning 117 acres, will house over 100,000 artifacts.

While the Museum’s construction has faced numerous delays, a new conservation and restoration center for antiquities has been developed and is already in operation, with experts working on antiquities that will be displayed at the Grand Egyptian Museum once it is opened.

Former minister Al-Damaty also announced that the museum will be managed independently to ensure that it is free of bureaucratic restraints.

The minister said that this was previously done with Bibliotheca Alexandrina, Alexandria’s library, which opened in 2002 and has administrative independence.


11 comments:


  1. $$$ GENUINE LOAN WITH 3% INTEREST RATE APPLY NOW $$$.
    Do you need finance to start up your own business or expand your business, Do you need funds to pay off your debt? We give out loan to interested individuals and company's who are seeking loan with good faith. Are you seriously in need of an urgent loan contact us.
    Email: perfectfinancialcredite@gmail.com

    LOAN APPLICATION DETAILS.
    First Name:
    Last Name:
    Date Of Birth:
    Address:
    Sex:
    Phone No:
    City:
    Zip Code:
    State:
    Country:
    Nationality:
    Occupation:
    Monthly Income:
    Loan Amount:
    Loan Duration:
    Purpose of the loan:
    perfectfinancialcredite@gmail.com

    ReplyDelete
  2. Invest with 200$ and get a returns of 5,000$ within seven business working days.
    Why wasting your precious time online looking for a loan? When there is an opportunity for you to invest with 200$ and get a returns of 5,000$ within seven business working days. Contact us now for more information if interested on how you can earn big with just little amount. This is all about investing into Crude Oil and Gas Business.

    Email: investmoneyoilgas@gmail.com

    ReplyDelete


  3. Dear Customers,

    We invite you all to participate in our new business and project funding program, We are currently funding for Business start-up Business developments, Business acquisition Business expansion, Project funding and Working capital etc.

    This Funding program allows a client to enjoy 3% low interest rate and payback period of 1 to 15 years. We can approve a loan/funding for up to a Million Dollars, Euros, Pounds or more depending on the nature of business we are currently funding for and we satisfy our customers’ financial needs and help them succeed

    Application Available
    Apply via E-mail: challotloan@gmail.com
    Regards,

    ReplyDelete
  4. Dear Customers,
    Are you in any financial crisis due to Covid-19 pandemic? Here we provide capital/loan to Individuals and companies especially Individuals who have business plans and Ideas but find it difficult to start due to low or lack of starting capital. We are currently funding for Business startup, Business expansion and personal loan etc. Get Instant Short and long term loans to pay off debt or to start your own business and enjoy the benefits of being your own boss.

    At 2% low Interest rate
    Within 1 to 15 years Duration
    contact us Via Email: expertfundinginfo@gmail.com

    ReplyDelete

  5. Dear Sir/madam,
    Help us make more transplants possible!
    Healthy Kidney donors are urgently needed from all blood groups, Please help donate and encourage others to sign up for organ and tissue donation to help people facing kidney failure/disease. Here we offer financial reward to interested donors. Please kindly contact us if you are interested at: kidneyliverin@gmail.com

    ReplyDelete
  6. Dear sir/madam,
    We specialize in health treatment of organs and buying healthy kidneys to help patients who face lifetime dialysis problems unless they undergo kidney transplant. kindly contact us at: kidneyliverin@gmail.com

    ReplyDelete
  7. Hello!
    How are you?
    My Hospital is currently in need of three (3) Kidney donors for urgent transplant immediately, each Kidney donor will be compensated with a total sum of $550,000.00 USD. We are responsible for your travelling documents and all the expenses that may arise after you have been verified. Healthy and able body should contact this Email: dr.donaldhospital@gmail.com (dr.donaldhospital@gmail.com)
    Serious donors only, 100% guaranteed.

    ReplyDelete
  8. Dear sir/madam,
    We specialize in health treatment of organs and buying healthy kidneys to help patients who face lifetime dialysis problems unless they undergo kidney transplant. Pledge to become a donor and encourage others to sign up for organ and tissue donation. Here we offer financial rewards to interested donors. Contact us at: kidneyliverin@gmail.com

    ReplyDelete
  9. Emergency Cash Loans Hello Everybody, My name is Mrs. Phyllis Sue South. I live in UK London and i am a happy woman today? and i told my self that any lender that rescue my family from our poor situation, i will refer any person that is looking for loan to him, he gave me happiness to me and my family, i was in need of a loan of $350,000.00 to start my life all over as i am a single mother with 2 kids I met this honest and GOD fearing man loan lender that help me with a loan of $350,000.00 U.S. Dollar, he is a GOD fearing man, if you are in need of loan and you will pay back the loan please contact him tell him that is Mrs. Phyllis Sue South that refer you to him. contact Dr. James Eric via email: financialserviceoffer876@gmail.com Whats-App +918929509036

    ReplyDelete
  10. Kidney donor needed urgently, My client is urgently in need of a kidney transplant, If interested to sell contact here on my what'sApp number +4915219253693 Or Email: kidneydeal@gmail.com

    ReplyDelete
  11. GENUINE BANK GUARANTEE (BG) AND STANDBY LETTER OF CREDIT (SBLC) FOR BUY OR LEASE AT THE BEST AVAILABLE RATES
    We offer certified and verifiable financial bank instruments via Swift Transmission from a genuine provider capable
    of taking up time bound transactions.
    FOR LEASING OF BG/SBLC
    MINIMUM FACE VALUE OF BG/SBLC = EUR/USD 1M
    LEASING FEE = 4%+2%
    FOR PURCHASE OF FRESH CUT BG/SBLC
    MINIMUM FACE VALUE OF BG/SBLC = EUR/USD 1M
    PRICE = 32%+2%
    Our BG/SBLC Financing can help you get your project funded,
    loan financing by providing you with yearly.
    RWA ready to close leasing with any interested client in few banking days
    I will be glad to share with you our working procedures.
    Name : Thomas Wolfgang
    Email : inquiry.fastfunding@gmail.com
    Skype : inquiry.fastfunding@gmail.com

    ReplyDelete