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
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