Japan has signed a deal to provide US$460 million in funding for the construction of Egypt's Grand Museum. The museum, which is under construction, will be one of the most important museums in Egypt, housing more than 100,000 artifacts from all pharaonic periods. A statement from the ministry said the funding will be allocated to resume construction of the museum. The project aims to encourage tourism and provide new jobs in various sectors related to tourism, the statement added. In another statement, Antiquities Minister Khaled Anany said 50 percent of the museum construction has now been completed.

Source: Egypt Independent October 24, 2016 12:11 UTC