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Built on sand: Egypt's questionable strategy for growth and development


Roll, Stephan; Sailer, Matthias

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Corporate Editor Stiftung Wissenschaft und Politik -SWP- Deutsches Institut für Internationale Politik und Sicherheit
Abstract The Egypt Economic Development Conference staged at the Red Sea resort of Sharm el Sheikh from 13 to 15 March will showcase the country’s investment potential. Cairo hopes to prove it has started a turnaround after four years of political and economic turmoil. In fact a recovery is not even on the horizon. Foreign capital will be crucial for the mega-projects the Sisi administration is relying upon to stimulate growth. But the flow of direct investment is as uncertain as the development approach itself is questionable. With economic stagnation and an ensuing deterioration of living conditions foreseeable, protests are liable to flare up again. Germany and the European Union should prepare for further destabilisation in the Arab world’s most populous nation. (Autorenreferat)
Keywords Egypt; economic policy; development policy; political strategy; direct investment; economic development (on national level); economic crisis; socioeconomic development
Classification Economic Policy
Document language English
Publication Year 2015
City Berlin
Page/Pages 4 p.
Series SWP Comments, 15/2015
ISSN 1861-1761
Status Published Version; reviewed
Licence Deposit Licence - No Redistribution, No Modifications