Egypt: In shuttering a national icon, the government has unleashed rare public anger | WHAT REALLY HAPPENED

Egypt: In shuttering a national icon, the government has unleashed rare public anger

Its metal is woven into the Aswan Dam and its name is welded into Egyptian public memory. But now Abdel Fattah el-Sisi’s government plans to tarnish the Egyptian Steel and Iron Company’s lustre, and wind up the major state-owned firm.

The threat to the company, founded by revolutionary leader Gamal Abdel Nasser in 1954 and involved in almost all major development projects since, has caused wide debate about the Egyptian government’s policy of shutting down major public businesses for the benefit of army-owned ones instead.

Tags:

Comments

SHARE THIS ARTICLE WITH YOUR SOCIAL MEDIA