Egypt museums hope grassroots fundraising will prove fertile
Officials are struggling to finance construction projects in time for planned 2015 openings.
Construction has begun on the main hall of the Grand Egyptian Museum at Giza, though funding remains a problem for the long-running project.
Despite around $300m in soft loans from the Japanese International Cooperation Agency, a fall in tourist revenue since the January 2011 revolution has left Egyptian authorities struggling to raise the $800m total needed to complete the
The Art Newspaper
April 2, 2014
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museum complex in time for its planned opening in 2015. The country’s Ministry of Antiquities has launched a fundraising drive in response, asking tourists to add an optional donation of $1 per night to their hotel bills to go towards the project.
Along a similar line, the archaeologist Bassam el-Shamaa has asked Egyptians to donate around 30 cents each. The grassroots fundraising drive has proven to be a great success, with around $7.5m already collected, including donations from Al-Ahly Bank, Banque Misr, and the Sawiris family, which owns the Orascom group of technology and construction companies.
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