Dr. Khaled Nagati, an economic expert and Deputy Chairman of the International Union for Small and Medium Enterprises, praised Egypt’s efforts in constructing and launching the Grand Egyptian Museum, describing it as a multidimensional strategic achievement reflecting the country’s modern vision for sustainable development.
The museum is not merely a cultural or archaeological landmark but a comprehensive national initiative that blends civilizational significance with tangible economic returns. Nagati emphasized that Egypt has successfully leveraged its heritage assets, transforming them into added economic value that contributes to national income.
With construction costs exceeding one billion dollars, the museum stands as the largest of its kind globally, housing unique antiquities expected to attract millions of visitors annually. This influx is projected to significantly boost Egypt’s tourism sector and increase its revenue streams.
Nagati highlighted that the extensive infrastructure upgrades around the museum—including modern roads, advanced transportation systems, and integrated urban facilities—demonstrate a deep understanding of how large-scale national projects can stimulate economic growth and attract foreign direct investment.
Estimates suggest that foreign tourist arrivals could rise by 15% to 20% in the first year following the museum’s opening. Such growth would lead to increased foreign currency inflows and invigorate supporting sectors such as hospitality, dining, handicrafts, and tourist transport, thereby strengthening the balance of payments and reinforcing the national economy.
The expert underscored that the Grand Egyptian Museum symbolizes Egypt’s capacity to deliver transformative national projects capable of driving sustained economic expansion. He added that this success could pave the way for a new phase of tourism and cultural investments, enhancing Egypt’s global standing.
Nagati also stressed the importance of maintaining public-private partnerships in future national initiatives, noting that such collaboration strengthens confidence in Egypt’s economy and bolsters its regional and international competitiveness.
— news from نيوز رووم