200 Egyptian, “hundreds” of foreign companies apply for prequalification in GEM operations tender

Around 200 Egyptian companies and “hundreds” of foreign companies have applied for prequalification for the tender to manage and operate the Grand Egyptian Museum’s facilities, GEM supervisor Tarek Tawfik said yesterday. The USD 1 bn museum will host a number of facilities, including a conference center, cinema, and restaurants. Investors have until 21 August to submit their documents for prequalification. Tawfik did not disclose when the list of qualified companies will be announced.