Designed by desypher, a Melbourne-based architectural firm,[3] the $10 million Museum was opened on 28 February 2014 by the Australian treasurer Joe Hockey.[4] It shared a $4 million grant from the Victorian government's multicultural facilities program.[3] The Museum was established by Moustafa Fahour, who is Director of the Museum[6] and Maysaa Fahour, with his brother Ahmed Fahour (CEO of Australia Post) and family contributing $4 million, early in 2014, to the IMA.[7]