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cali

(114,904 posts)
Thu Aug 15, 2013, 04:24 PM Aug 2013

An important fact about the Egyptian Military: It controls a HUGE chunk of the economy

From needles to rockets" is a common Egyptian phrase used to describe a business offering a wide range of merchandise, and is always used in exaggeration. But when referring to the economy of the Egyptian army - which ousted the country's first civilian president last month - the expression is spot-on.

As political turmoil pushes Egypt's economy into its worst slowdown in more than two decades, only its well-heeled army can afford to construct bridges, offset bread shortages, raise herds of cattle and chicken, manufacture home appliances and even provide child-care.

"The question isn't what sectors do they invest in, but rather: is there a sector that they don't invest in?" said Robert Springborg, an expert on Egypt's armed forces and a professor in the department of national security at the Naval Postgraduate School in California.

The Egyptian armed forces, headed by Defence Minister Abdel-Fattah El Sisi, who is supervising a roadmap encompassing early presidential elections and the drafting of a new constitution, runs scores of manufacturing and service-providing companies, through which it controls a significant stake of the nation's economy.


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http://www.aljazeera.com/indepth/features/2013/08/20138435433181894.html

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The Armed Forces enjoy considerable power and independence within the Egyptian state.[8] They are also influential in business, engaging in road and housing construction, consumer goods, resort management,[8] and vast tracts of real estate. Much military information is not made publicly available, including budget information, the names of the general officers and the military’s size (which is considered a state secret).[8] According to journalist Joshua Hammer, "as much as 40% of the Egyptian economy" is controlled by the Egyptian military.[9]

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http://en.wikipedia.org/wiki/Egyptian_Armed_Forces

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