Egypt: Tinker, Tailor, Soldier, Sailor, Rich Man, Poor Man, Beggar Man, Thief18 Jun 2021 18:13
- Egypt is in the process of building the largest parliamentary building in the Middle East in its New Administrative Capital.
https://timep.org/commentary/analysis/ndp-to-nfp-rebranding-or-restructuring-parliamentary-life-in-egypt/
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- As part of the country’s efforts to support financial inclusion, Egypt is planning to make the New Administrative Capital the first cashless city in the country, according to the State Information Service.
Minister of Communications and Information Technology Amr Talaat met with the vice chairman and president of strategic growth at Mastercard, Michael Froman, to set out plans for the company’s investment in Egypt in the field of electronic government payments.
Talaat stressed in the meeting on Egypt’s plans to turn into a cashless society and the importance of benefiting from the company’s experiences.
https://www.zdnet.com/article/egypts-building-a-new-capital-inside-the-smart-city-in-the-desert/
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"We need very extensive financing," it quoted Ahmed Zaki Abdeen – a retired general who heads the company building the new city – as saying. "And the state doesn't have money to give me." As a result, around 20% of investment to date has come from overseas.
According to Abdeen, China has contributed up to $4.5bn towards the costs and China State Construction Engineering is also training 10,000 Egyptian construction workers.
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Mr Sisi is not the first Egyptian ruler to move the capital. The pharaohs had Thebes and Memphis, to name just two. Alexandria was the heart of Greco-Roman Egypt. The modern capital dates back to 969ad, when Fatimid conquerors commissioned a walled city to mark their triumph. A millennium later the “city victorious”, as it is known, has become a city tumultuous: a congested sprawl of 23m people.
https://www.economist.com/middle-east-and-africa/2019/01/26/egypt-prepares-to-open-its-grand-new-capital
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Out of reach for most Egyptians
Moving to the New Capital is not a possibility for the vast majority of Egyptians, where a two bedroom flat is listed for $62,000, but the GDP per capita hovers around $3,000. This will anchor the New Capital with Egyptian elites, or those that are less likely to violently revolt and currently form the bulk of the regime's civilian support.
https://en.qantara.de/content/egypts-new-administrative-capital-the-sinister-side-of-sisis-urban-development
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