Via Foreign Policy, an article on Egypt’s debt-funded mega infrastructure projects: Earlier this month, Egypt unveiled plans to develop a new 1,680-acre desert city named Jirian. The massive initiative will see roughly 7 percent of the country’s annual Nile River quota rerouted from fertile delta regions via a human-made channel that winds through the city. It will […]
Read more »Via Semafor, a report on how the Gulf’s lifeline for Egypt is worrying Cairo’s residents: A Dubai-based billionaire’s plans to redevelop downtown Cairo with new streets and skyscrapers — an area akin to his home — is drawing a growing backlash in the Egyptian capital, where residents fear not simply the loss of a historic […]
Read more »Via The Middle East-Told Slant, commentary on the potential for a transformational port-and-logistics project in Gaza: As the Israeli-Palestinian conflict enters yet another bloody phase, and Trump seeks to block China’s access to parts of the global supply chain, could a transformational port-and-logistics project end the war in Gaza? The outline of this basic idea […]
Read more »Via Project Syndicate, a look at Egypt’s economy which has been pummeled by the Israel-Hamas conflict, with tolls and transit fees from the Suez Canal declining by 60% in 2024. International financial assistance has pulled the country back from the brink for now, but another crisis may erupt if the government does not implement long-overdue […]
Read more »Via The Africa Report, a look at the Gulf’s continued strong investment interest in Africa: Gulf countries invested over $100bn in Africa between 2012 and 2022, leveraging the continent’s opportunities to diversify their oil-dependent economies. Nearly half of those investments came from the UAE. Here is a breakdown in infographics. Agriculture, renewable energy, healthcare and […]
Read more »Via The Egypt Independent, a report on a new Chinese industrial complex in Egypt worth US$1.6 billion: The Chinese Ambassador to Cairo, Liao Liqiang, revealed that a Chinese company has announced an investment worth US$1.6 billion to establish an industrial complex aiming to produce phosphate fertilizers in Egypt. “The first phase of the project aims […]
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