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Vol 62 No 1

Published 7th January 2021


Building the house of Sisi

Cairo is pressing ahead with an extravagant new capital city as it adjusts to the region’s changing geopolitics

Egypt's government will talk up its economy in 2021, trumpeting the opening of a vast museum in Giza housing Tutankhamun's skeleton and death mask, and the transfer of government to a brand new city being built at a cost of over US$50 billion. But the country will be dependent on loans from the International Monetary Fund and bondholders, as Covid-19 takes its toll on tourism revenues, and remittances diminish.

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