[HN Gopher] Egypt is building a $1B mega-museum
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       Egypt is building a $1B mega-museum
        
       Author : gmays
       Score  : 23 points
       Date   : 2024-05-24 19:20 UTC (3 days ago)
        
 (HTM) web link (www.nature.com)
 (TXT) w3m dump (www.nature.com)
        
       | bawolff wrote:
       | Isn't egypt having significant financial troubles?
        
         | nvr219 wrote:
         | They will be having them after this
        
           | bawolff wrote:
           | I imagine the red sea shipping crisis and the new capital are
           | probably a bigger part of the problem, but i cant imagine
           | billion dollar museums are helping.
        
         | casper14 wrote:
         | Yes, likely because they overspend on things like 1B museums
        
         | netdur wrote:
         | Yes, Egypt has faced significant financial challenges.
         | Recently, there have been substantial investments from the UAE,
         | purchasing a city for $35 billion, with potential similar
         | investments from Saudi Arabia. Despite these inflows, concerns
         | about how these funds are managed, particularly regarding
         | military influence, remain prevalent
        
         | nextstepguy wrote:
         | Egypt's tourism revenues hit a record high of $13.6 billion in
         | FY2022/2023. Spending less than 10% to increase the purpose of
         | choosing this country as a destination sounds reasonable, but
         | as long as the P&L balances, I don't see why not.
        
       | Arubis wrote:
       | Is it called The British Museum?
        
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       (page generated 2024-05-27 23:00 UTC)