The new administrative capital project “is part nationalist symbol, part desert reclamation project, and part suburban fantasyland,” Ursula Lindsey writes in Places Journal. She says the project “serves a rhetorical purpose. The government and media can talk about this chimera rather than what is really happening on the streets of Egypt. They can act like they are trying to solve the country’s problems, not avoiding (or, in fact, aggravating) them.” Oh, and Lindsey also believes the project has been finally given a name: Wedian.
More from Enterprise
Central Bank of Egypt looks to renew USD 2 bn Kuwaiti deposit as regional conflict stalls FDI conversions
The maturing USD 2 bn deposit is expected to be…
Miga guarantee unlocks USD 313 mn for National Bank of Egypt trade finance
Plus: Incolease taps securitization market with debut EGP 2 bn…
Ceasefire optimism triggers EGX30 rally and EGP recovery
The EGP gained around 2.5% on the greenback by the…
IBF & Company doubles down on logistics with Techno Metal acquisition
Plus: Lucky lands USD 23 mn in Series B round,…