Economist Emad Karam highlighted that the inauguration of the Grand Egyptian Museum represents an advanced model of collaboration between the government and private sector, reflecting the state’s strategy to leverage institutional cooperation for accelerating development and enhancing economic returns. n nKaram explained that the involvement of Egyptian and international companies in financing, development, and management phases demonstrates Egypt’s ability to attract private investment into large-scale initiatives. This engagement supports knowledge transfer, service enhancement, and maximized economic benefits, opening avenues for similar partnerships in tourism, culture, and services. n nHe noted the museum, as the world’s largest facility dedicated to ancient Egyptian artifacts, holds significant economic value. It is projected to draw millions of visitors annually, positively impacting tourism, hospitality, aviation, and transportation sectors while generating direct and indirect employment and boosting local income levels. n nKaram emphasized that the project sends a strong signal of investor confidence, showcasing Egypt’s capacity to absorb major ventures grounded in effective state-private collaboration and long-term strategic planning. n nHe stressed that the Grand Egyptian Museum is not merely a cultural landmark but also an economic engine that strengthens Egypt’s soft power and aligns with national goals for sustainable development. n— news from جريدة الطريق n
— News Original —nThe economist: The Grand Egyptian Museum is a comprehensive model for partnership with the private sector and a strong driver for economic growth n nEconomist Emad Karam affirmed that the opening of the Grand Egyptian Museum reflects an advanced model of partnership between the government and the private sector, embodying the state’s vision of leveraging institutional cooperation to accelerate development and enhance economic returns. n nEmad Karam clarified that the participation of Egyptian and international companies in financing, development, and management stages of the museum confirms the state’s ability to attract the private sector to major projects, contributing to knowledge transfer, service development, and maximizing economic benefits, pointing out that this model opens the door for further partnerships in tourism, culture, and services. n nHe added that the museum, as the largest global facility displaying ancient Egyptian antiquities, represents significant economic value, expected to attract millions of visitors annually, positively impacting the tourism, hotel, aviation, and transportation sectors, creating direct and indirect job opportunities, and raising local income rates. n nKaram indicated that the project sends a strong message of investor confidence that the Egyptian market can accommodate major projects based on effective cooperation between the state and the private sector, with a long-term strategic vision. n nHe emphasized that the Grand Egyptian Museum is not only a cultural beacon but also an economic driver that enhances Egypt’s soft power and supports the state’s direction toward sustainable development.
