Cairo: Egypt inaugurated the $1 billion Grand Egyptian Museum (GEM) with a grand ceremony, marking a significant milestone for the nation.

According to France24.com, Egyptian President Abdel Fattah al-Sisi addressed the gathering, expressing that the museum's opening symbolizes a new chapter in history. The launch event was filled with performers in traditional costumes and a dazzling laser show, underscoring the importance of this project for Egypt's tourism industry.

The museum, positioned near the Giza Plateau, aims to rejuvenate tourism, a crucial component of Egypt's economy. Prime Minister Mostafa Madbouly highlighted the collaborative efforts, particularly with Japan, that brought this expansive museum to life. Spanning nearly half a million square meters, the GEM faced delays due to political and global challenges over its two-decade journey.

The museum houses over 100,000 artefacts, with half on display, making it the largest collection dedicated to a single civilization. Visitors can explore light-filled halls and immersive galleries, with highlights like the 83-tonne statue of Ramses II and King Tutankhamun's collection. A live conservation lab offers a unique glimpse into the restoration of ancient artefacts.

As the museum prepares to open to the public, expectations are high for its impact on tourism. The sector has experienced fluctuations over the past years but shows signs of recovery. Tourism Minister Sherif Fathy anticipates the museum will attract significant visitors, aiming to boost daily attendance and contribute to the projected 18 million tourists by year-end.