![Egypt's Economic Nightmare: How Sisi's $300 Billion Project Spelled Disaster For Egypt 1](https://i0.wp.com/greatgameindia.com/wp-content/uploads/2024/07/image-9-13.jpg?fit=300%2C200&ssl=1)
Egypt’s Economic Nightmare: How Sisi’s $300 Billion Project Spelled Disaster For Egypt
Egypt’s economic woes worsened under President Abdel Fattah el-Sisi, whose ambitious $300 billion New Administrative Capital project has exacerbated poverty and inequality. Sisi’s regime faces a severe debt crisis, forcing austerity measures that disproportionately burden the poor while enriching military elites and their allies. Despite massive investments in mega-projects, Egypt’s