Public Management

Egypt to invest $28 million in the development of cultural services, in 2018/2019 fiscal year  

Friday, 12 October 2018 16:25

Egypt plans to invest LE508 million (about $28.3 million) for implementation of the phase of a cultural services development plan during the 2018/2019 fiscal year, representing a 14% increase compared to the volume set for the previous fiscal year (2017/2018).  

Hala el Saeed, Egypt’s minister of planning, indicated in a release that this development plan that will be implemented during the 2018-2020 period is aimed at developing archeological sites and cultural services nationally.

The official further explained that LE43 million (about $2.4 million) would be consecrated to the renovation of The Revolutionary Command Council Museum, LE40 million (about $2.2 million) for the higher institute of child arts, LE31 million ($1.7 million) for Oasis Community Center in the Sixth of October city and other important projects.

Furthermore, the plan comprises of investments in many key projects in the cultural sector, renovation of the Saraya El Gezira and Mohamed Mahmoud Khalil museums, the Institute of Arab music, the Higher Institute of Art Criticism and High Institute of Folk Arts notably.

Flore Kacou

Additional Info

  • communiques: Non
  • couleur: N/A
On the same topic
Partnership with ANSER focuses on structuring and mobilizing financing Mechanism relies on phased funding tied to project...
Coris Bank International posted a 36% increase in net profit in 2025. The bank grew its customer base by 11.6% and deposits to CFAF 2,015.3...
Kenya has asked the World Bank for rapid emergency financing to cushion the economic shock from the war in Iran, Governor Kamau Thugge said...
Seven of Nigeria's top 11 listed banks missed the March 31 deadline for 2025 audited accounts, all citing pending Central Bank approval The bottleneck...
Most Read
01

(EBID) - EBID aims to allocate nearly 41% of its commitments to projects with environmental and...

EBID makes giant strides for a green transition in west africa
02

Four major operators—Mauritel, Mattel, Rimatel, and Chinguitel—submitted a combined bid of ...

Mauritanian Telecom Operators Submit $27 Million Combined Bid for 5G Licenses
03

Operators review 2025 investments, outline 2026 expansion plans Consumer complaints persist...

Cameroon Presses Telecom Operators on Service Quality as Complaints Rise
04

Algeria launches bid for two NGSO satellite telecom licenses Move aims to expand broadband ac...

Algeria Opens Satellite Market to Competition, Inviting Global Operators
05

Gabon's 7% 2031 Eurobond posted its biggest single-day drop in a year on Wednesday after a new I...

Gabon Eurobond Due 2031 Posts Biggest Drop in a Year on IMF Budget Warning
Enter your email to receive our newsletter

Ecofin Agency provides daily coverage of nine key African economic sectors: public management, finance, telecoms, agribusiness, mining, energy, transport, communication, and education.
It also designs and manages specialized media, both online and print, for African institutions and publishers.

SALES & ADVERTISING

regie@agenceecofin.com 
Tél: +41 22 301 96 11 
Mob: +41 78 699 13 72


EDITORIAL
redaction@agenceecofin.com

More information
Team
Publisher

ECOFIN AGENCY

Mediamania Sarl
Rue du Léman, 6
1201 Geneva
Switzerland

 

Ecofin Agency is a sector-focused economic news agency, founded in December 2010. Its web platform was launched in June 2011. ©Mediamania.

 
 

Please publish modules in offcanvas position.