This podcast episode explores the recent $35 billion investment by the UAE in Egypt's real estate sector and its wider geopolitical and economic implications. The investment aims to boost Egypt's economy, which has faced challenges due to the COVID-19 pandemic, the war in Ukraine, and rising wheat prices. It is seen as part of a trend of Gulf states investing in mega-projects and reflects broader geostrategic considerations. However, there are concerns about the economic viability of the project and the dominant role of the army in Egypt's economy. The episode also discusses the challenges of military reform, economic diversification, and transitioning from rent-seeking structures in emerging markets.
