Army    Navy    Airforce    Nuclear Force    Missile Force   
Home » » Understanding Egyptian Military's Economic Empire

Understanding Egyptian Military's Economic Empire

Posted by Arab Defense Industry on Sunday, August 24, 2014

It is the fastest shipping route between Europe and Asia and one of the Egyptian government's principle sources of hard currency.

President Abdel Fattah el Sisi announced a $4bn project this week to boost the Suez canal's shipping capacity, cut transit times and help Egypt's ailing economy.

Sisi has also said that the military will oversee the Suez project - in concert with an expanding military role in Egypt's economy.

Much of the Egyptian's military's financial dealings are unknown. Its budget is secret and its industries are unaudited and untaxed.

More
loading...

SHARE :
CB Blogger

1 comments:

Post a Comment

 
Copyright © 2014 Arab Defense Industry. All Rights Reserved. Powered by Blogger
Template by Creating Website and CB Blogger