Red Sea land and islands transferred to army
Posted: Sun Sep 01, 2019 12:19 pm
It looks as if Al-Sisi is after expanding the army’s already extensive involvement in tourism.
Having conquered numerous industrial sectors of the Egyptian economy, the Egyptian Armed Forces increasingly has its sights set on Egypt's all-important tourism industry. President Abdel Fattah al-Sisi, by decree, recently transferred control of chunks of Red Sea real estate — including entire islands and towns — to the nation's military. With these transfers, Red Sea residents fear losing their livelihoods to the investment priorities of the military, an economic behemoth that will now control the development of the transferred properties, prime land in one of Egypt's leisure and tourism hotspots.
Read more: https://www.al-monitor.com/pulse/origin ... z5yGr5UW5u
Having conquered numerous industrial sectors of the Egyptian economy, the Egyptian Armed Forces increasingly has its sights set on Egypt's all-important tourism industry. President Abdel Fattah al-Sisi, by decree, recently transferred control of chunks of Red Sea real estate — including entire islands and towns — to the nation's military. With these transfers, Red Sea residents fear losing their livelihoods to the investment priorities of the military, an economic behemoth that will now control the development of the transferred properties, prime land in one of Egypt's leisure and tourism hotspots.
Read more: https://www.al-monitor.com/pulse/origin ... z5yGr5UW5u