In Egypt, the Military Means (Big) Business

After the coup, the armed forces land big contracts
Egypt’s army chief Abdelfatah al-Seesi (right) meets with Arabtec Construction CEO Hasan Abdullah Ismaik on March 9 in Cairo Photograph by Egyptian Armed Forces/Anadolu Agency via Getty Images

Field Marshal Abdelfatah al-Seesi, the army chief who ousted the freely elected government of Egyptian President Mohamed Mursi and the Muslim Brotherhood, flew to the United Arab Emirates on March 12 to observe military maneuvers. A few days before his trip it was announced that the UAE’s Arabtec Construction would collaborate with the Egyptian military in a $40 billion project to build a million low-income housing units in Egypt. The collaboration is part of the UAE’s assistance to get Egypt back on its feet. It is also a sign that the Egyptian military’s grip on the economy is growing stronger.

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