The Museum will house over 50,000 artifacts including Carter's Tutankhamen collection. There is provision for almost 100,000 artifacts in the future. The projected visitor numbers are 4.8 million visitors per year.
On August 25, 2006 the Statue of Ramses II was moved from Ramses Square in Cairo to the Giza Plateau, in anticipation of construction of the GEM. The Statue of Ramses II, estimated to be approximately 3,200 years old, will be cleaned and touched up, and will be situated at the entrance of the GEM by 2010.
The Grand Egyptian Museum (GEM) will be built by 2011 to 2012 at the cost of $US 550M.
The museum will be sited on 50 hectares of land in Giza and is part of a new master plan for the plateau.
On January 5, 2002 Egyptian President Mubarak laid the foundation stone. The museum site is two kilometers from the Giza pyramids.
The design of the building was decided by means of an architectural competition.
The competition was announced on the January 7, 2002. The organizers received 1557 entries from 82 countries, making it the largest architectural competition in history.
In the second stage of the competition, 20 entries were asked to submit additional information.