600 Egyptian, foreign companies have applied for GEM operations tender

Around 600 Egyptian and foreign companies and consortiums have expressed interest in prequalification for the tender to manage and operate the Grand Egyptian Museum’s (GEM) facilities, GEM supervisor Tarek Tawfik said. The majority of the consortia are dominated by Egyptian companies that have teamed up with one or two foreign entities, Tawfik said, without disclosing any company names. Investors have until 21 August to submit their documents for prequalification.