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France to open Louvre in Abu Dhabi   Join our daily free Newsletter

MENAFN - 04/03/2007
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(MENAFN) A spokesman at the French Culture Ministry declared that the ministry will sign an agreement with the UAE to establish a subdivision of the Louvre museum in Abu Dhabi, Gulf Daily News reported.

The new project will cost $900 million paid for the French government, $198 million, of which, to supply Abu Dhabi with four exhibitions per year for ten years, and $264 for a number of artworks that will be eventually replaced by Abu Dhabi's possessions of artworks which will cost $53 million annually to establish.

For using the label name of Louvre for the next twenty years, Abu Dhabi will also pay between $264 million and $528 million, in addition to $92 million for France's International Museum Agency to supervise the new museum.

 




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