The Evolution of Sisi’s Militarised Capitalism

Ref: AD-2880

Summary: despite a massive 2024 bailout for a severe debt crisis the Egyptian regime is avoiding structural reform, instead relying on its model of militarised state capitalism. To generate fast cash the government is hollowing out the civilian public sector by selling its most profitable companies to Gulf investors and relying on luxury real estate deals, a path that will likely increase the economy’s fragility and its dependence on foreign states.

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