Mar 4, 2013

Cash-strapped Egypt considers offering pyramids, other monuments for rent

It's amazing what the intervention of American secret agencies (CIA) have done to Egypt.  The last time I visited the country in 2004, it was vibrant, healthy, and Christians, while socially persecuted, had some measure of protection by the government because of their receipt of American dollars and American support on a regular basis.  Since the new American regime decided to overthrow Mubarak, Christians have no protection, and the country has plunged into a financial abyss, out of which it is not likely to find any way out.  Even if they rent the Giza complex out to arab billionaires...
An Egyptian man waits for tourists to take them on camel rides at the Giza pyramids on the outskirts of Cairo. The country’s economy has taken a huge dip after foreign tourists fled during Egypt’s uprising. (AFP)
An Egyptian man waits for tourists to take them on camel rides at the Giza pyramids on the outskirts of Cairo. The country’s economy has taken a huge dip after foreign tourists fled during Egypt’s uprising. (AFP)
Egypt’s finance ministry sent a proposal to the country’s antiquities ministry to consider offering key monuments, including the pyramids, to international tourism firm as a quick solution to generate funds needed to overcome the financial crisis, an official has said.

Rumors about the proposal, which some described as preposterous, have circulated online for weeks.

But on Wednesday, Adel Abdel Sattar, the secretary general of the Supreme Council of Antiquities, in an interview with Egypt’s ONTV channel confirmed the existence of a proposal to offer Egypt’s monuments, including the pyramids in Giza, the Sphinx, the Abu Simbel Temple and the temples of Luxor, to international tourism firm.

There have been reports that the rich Gulf state of Qatar, which strongly supported efforts to oust former president Hosni Mubarak from power, is interested in a deal to exploit Egypt’s most precious historical assets for a period of five years. The return for Egypt would be a substantial amount of money, estimated at $200 billion, enough to pay the country’s national debt and heal its economic woes for years if not decades to come.

Abdel Sattar confirmed the proposal to rent out Egypt’s monuments but denied that Qatar or any Gulf state was involved.

Abdel Sattar said he was “surprised” at the end of January when the finance ministry forwarded him a proposal by Abdallah Mahfouz, identified as an Egyptian intellectual, to offer in a public auction the rights to exploit Egypt’s most famous sites to international tourism firms.

Read more at - http://english.alarabiya.net/articles/2013/03/01/268970.html