Economy of the Egyptian Armed Forces

As a result of the competitive advantage experienced by the military over private enterprise, non-military affiliated companies experience an economic handicap.

It involved creating a new shipping lane in the canal and deepening the existing channel to enable vessels to pass in both directions simultaneously.

[7] The new capital will house a zoo, a wildlife park, an aquarium, an arboretum and botanical gardens, and so require a large quantity of water.

The Government has stated that two major pipelines will connect the Nile to the new capital and that at some point a third line will provide desalinated water from the Red Sea.

[10] The lack of stability combined with rampant devaluation has made it difficult for the private sector to afford imports of basic goods and services.

Major international corporations such as BP, Coca-Cola and Majid Al Futtaim intend to collectively invest billions of dollars into the Egyptian economy as a result of Sisi's fiscal and economic reforms.

[11] This way, recent attacks in Sinai and scattered bombings in other parts of the country are not a good indicator of long term stability and economic prosperity.

For the past few hundred years Egypt had different regimes in power, each with its own leadership and unique approaches to the issues facing the country.

The dynamics governing the relation between the state and civil society has remained broadly similar over the past few hundred years for Egypt.

The parliament elected at the end of 2015 lacks any constitutional authority to control or examine the Army's expenditure [1] It has been argued that during the current period of unrest in the region, the military's increasing intervention within the state is necessary for stability.

[citation needed] Numerous protests have occurred in Egypt in an attempt to reduce the degree of military control over the state and associated economy.

While these protests have often been successful in changing the political party in power, the high level of military involvement in economic activity generally continues.

[1]The mass protests of the Arab Spring led to the 11 February 2011 resignation of former Egyptian president Hosni Mubarak and sparked largescale economic changes.

Mubarak's National Democratic Party was replaced temporarily by military rule until June 2012 when Mohamed Morsi was elected on behalf of the Muslim Brotherhood.