Sunday, June 24, 2012

Egypt military runs vast business empire which it is determined to keep secret from any new government-BBC

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6/23/12, "Egypt's army in control of vast business empire," BBC

"The military may be unpopular in Tahrir Square, but its approval ratings in wider society remain high - thanks in part to such infrastructure projects, but also to decades of state propaganda.

But no-one knows how the decision to turn what was once military barracks into an investment venture was taken, how much it cost to build,

  • and who will pocket the revenues.

All that is regarded as classified - information that Egypt's top brass are determined to keep away from public scrutiny under any future government.

This is typical of the many projects built and run by the army's vast business empire, which includes manufacturing of consumer goods, food, mineral water, construction, mining, land reclamation, even tourism."...


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