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Approval of the Grand Egyptian Museum's financials

Businessmen Team news 22 September 2025 01:54 PM
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Approval of the Grand Egyptian Museum's financials

Minister of Tourism and Antiquities Sherif Fathy chaired a meeting of the Grand Egyptian Museum's board of directors at the museum's headquarters in Giza's Pyramids Square.

 The meeting began with the approval of the minutes from the previous session. The board also approved the revised financial statements and final accounts for the 2024/2025 fiscal year, with members of the Central Auditing Organization and the museum's financial and administrative departments in attendance.

The Minister thanked the Central Auditing Organization for its efforts and instructed museum officials and the internal governance and review committee to take the necessary executive measures.

The board also approved a proposal to reduce the maximum age for students to receive discounted tickets from 24 years old, effective January 1, 2026.

Updates on the museum's executive status were reviewed, including preparations for the opening ceremony and specialized services at the museum's conservation center.

Additionally, the board approved the revised organizational structure of the museum authority based on decisions from the Central Agency for Organization and Administration. It also approved a cooperation protocol between the museum authority and the Environmental Affairs Agency to collaborate on environmental preservation.

Final preparations are underway for the museum's official opening on November 1.

The museum will be temporarily closed from October 15 to November 4 for the final preparations. The King Tutankhamun Hall at the Egyptian Museum in Tahrir will also close on Oct. 20 to complete the transfer of the last artifacts belonging to the "Golden King." For the first time, all of his artifacts will be displayed together in a single dedicated hall at the new museum.