Al-Sisi’s Egypt: The Military Moves on the Economy

The al-Sisi regime has chosen a model of development based on the implementation of large, ambitious projects under military supervision. The projects, such as the broadening of the Suez Canal and the building of a new capital city, may fail economically, like many such projects did in the past. No matter the economic impact, al-Sisi’s approach is consolidating the political and economic position of the military and shifting the balance among the private sector, the old state sector controlled by the bureaucracy, and the military economy. The change will be long lasting.