Egypt is a country known for its decaying infrastructure, crowded and chaotic transportation, and belittling beurocracy. At this point, generals are doing any better than any friendly capitalists for raising the economy for the more significant goods of people.
The excellent aspect out to be seen by people is that how the military is leading the way on a long list of megaprojects approved by Prime Minister Abdel Fattah Al-Sissi. The megaprojects include expanding the Suez Canal and adjacent giant logistical sectors, three smart cities, and four ordinary ones. Not only the infrastructural economy is managed by the military, but they also manufacture consumer goods, chemicals, and arms for their personal need. In short, the military has backed up the whole economy and is maintaining it from falling.
The army has tinkered a lot upon the business since the days of Gamal Nasser, but in 2013 when Sissi held power, its role grew to a greater extent. There are no annual records published for the growth in the sector; hence it is only upon one’s guess to determine the actual development. Most of the power usually lies in the hands of government regulatory agencies, but the military itself takes care of the informal ones.
It has been planned that sometime in August, many people will migrate towards Egypt’s generically named New Administrative Capital. And if everything went smoothly, then it would be a city of 6.5 million residents. The city will be entirely furnished and fully networked and contain theme parks four times bigger than Disneyland, artificl lakes, and 90 sq. km of solar energy farms. It would be a remarkable milestone for Egypt.
According to Sissi, the army is the only institution that is capable of bringing out an economic revolution. As an army man himself, he firmly believes that the private sectors and capitalists can’t be trusted for a better initiative. According to him, the bureaucracy is useless with industry and enterprises.