The article linked in the first comment below deserves to be analyzed carefully. It outlines some of the recent policy reforms enacted by Sisi to appease foreign investors and confirms the complete subservience of the regime to the Empire of Capital.
We should first state that while it is is certainly true that “Egypt needs large sustained increases in investment in every economic sector” this role is only being delegated to foreign investors because Egypt is being drained dry of its own financial resources through debts that were accrued by Mubarak, and which should, by all rights, be cancelled as per the normal procedure when a totalitarian dictator is overthrown. I have been arguing for over 2 years that debt cancellation should be a primary demand of the revolutionaries, and should have been the first order of business for the Mursi administration.
“Ownership of business property is no longer restricted by nationality, place of residence or capital contribution to or stake in a partnership” means that imperialist corporations can own businesses in Egypt without committing in any way to the country itself, and can suck profits out of the country with mercenary disregard for the domestic economy.
New regulations on land allocation “allow the government to put idle land to uses that could generate local socio-economic benefits”, in theory; but when that land is being allocated to foreign companies who have no long-term investment or interest in the local community’s socio-economic benefit, but are instead exclusively committed to the interests of shareholders, one fails to see how this theory will materialize in reality. And it is worth noting that the article states regulations “must be applied with due diligence and transparency on the government’s part” but due diligence and transparency are not required of investors; who are, in fact, protected from any challenge to their activities and are immune from prosecution.
Please read the article carefully