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Is the Grand Egyptian Museum (GEM) a game changer for the Egyptian economy?
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Is the Grand Egyptian Museum (GEM) a game changer for the Egyptian economy?
Beyond national prestige, the question is economic: is this a project that can bring change to the local economy? According to estimates, Egypt invested at least 1 billion dollars in the project, of which about 800 million came from Japanese loan financing. The museum is expected to attract 5–7 million visitors annually and, according to conservative estimates, generate about 55 million dollars per year from ticket sales alone. All this is withi…
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