Egypt: EGP 100 MN Soft Loan From Finance Ministry to Finish Gem Construction

Minister of Antiquities Mohamad Ibrahim asserted that the government was committed to fulfilling its financial obligations to establish the Grand Egyptian Museum (GEM).

In statements following his meeting with a delegation of the Japanese International Cooperation Agency (JICA) under its Cairo representative Hideki Matsunaga, Ibrahim said he received a letter from Finance Minister Ahmed Galal that 100 million pounds has been imbursed as a soft loan for the construction of GEM representing Egypt's quota in the project.

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