Daily Alert Archives

The Egyptian Army Is Making a Fortune in Sinai

(Ha'aretz) Zvi Bar'el - Egyptian President Sissi said tens of billions of Egyptian pounds had been allotted to develop the Sinai Peninsula. The government now realizes that restoring the Sinai economy, especially in the northern peninsula, may create jobs for the many Bedouin who joined terror groups or helped them as a way to support their families. So Sinai residents are starting to see change brought about by the new policy. In southern Sinai, particularly in the tourist areas along the Red Sea coast, the president gave the army control over 47 islands in the Red Sea and over hundreds of thousands of acres along the shore. In some places the military will build resorts and sports facilities, while some of the already operating tourist sites will now be managed by the National Services Projects Organization, a subsidiary of the armed forces. Egypt is expecting 12 million tourists this year, most of them at the Red Sea resorts. Most of the profits will go to the military.
2019-09-20 00:00:00
Full Article