News

Egypt’s Antiquities Ministry Has Lost 90% of its Revenue

Egypt’s Antiquities Ministry Has Lost 90% of its Revenue

khan

By Aswat Masriya

The Ministry of Antiquities lost 90 percent of its financial resources and is running a “huge deficit”, said Minister of Antiquities Mamdouh al-Damati at a press conference in Kafr El-Sheikh.

The lack of resources has stalled renovation projects and the building of new museums, he added.

Al-Damati said that the ministry’s budget fell from EGP 1.3 billion to EGP 125 million and that it relies entirely on self-financing through four projects for funding.

He explained that 7,000 employees were officially added to the payroll from 2011 to date, bringing the total number of employees to 39,000, whose salaries amount to EGP 72 million.

In September, revenues from museum and monument tickets recorded a remarkable decrease, bringing in a mere EGP 20 million, said Al-Damati.

The minister complained that tenants running ministry bazaars and gift shops have not been paying rent for four years, dealing yet another blow to the ministry’s revenue stream.

Al-Damati was in the province of Kafr El-Sheikh to attend the inauguration of theKafr El-Sheikh  antiquities museum built at a cost of EGP 20 million.

He said that the project was approved in 1992, but construction work began in 2000 and continued until 2010 before getting stalled for five years, adding that the museum will require another EGP 20 million to complete over the next 18 months.

Egypt Crowned Kings of Handball at Military World Games
The Palestinian Refugees of Fadel's Island: Living on the Margin in Egypt

Subscribe to our newsletter


News
@AswatMasriya_En

Aswat Masriya is a Thomson Reuters Foundation-sponsored website that covers Egypt's transition to democracy. en.aswatmasriya.com

More in News

Orascom Inks Deal to Build 500 MW Wind Farm in Egypt

Egyptian Streets14 October 2021

Egyptian Football Fans to Return to Stadiums After a 6-Year Ban

Nadine Khaled13 October 2021

‘Everything Under Control’ After Fire Engulfs Gouna Film Festival Plaza

Egyptian Streets13 October 2021

Egypt Arrests Three After 20,000+ Vaccines Found Dumped in Waterway

Mona Abdou11 October 2021

Egypt’s Big Ramy Wins Mr. Olympia Title for Second Year in a Row

Egyptian Streets10 October 2021

Egypt Announces the Third Fuel Price Increase of 2021

Nadine Khaled8 October 2021

Moushira Khattab Becomes First Female President of Egypt’s Human Rights Council

Marina Makary7 October 2021

Egypt’s Sisi Appoints 98 Women to State Council Positions

Egyptian Streets5 October 2021