Why Egypt is selling a city to UAE for $35 billion
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- เผยแพร่เมื่อ 16 พ.ค. 2024
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#Egypt signed a deal with the #UAE to construct a new city on the Mediterranean coast. Critics, however, say that Egypt will trade over part of its #sovereignty.
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All these idiots afraid of AI are adorably scared of what they don't understand. Instead of trying to understand it, they tuck and run. Hilarious terds
Mate, unless you know something I don't, this seems like the sponsor from hell. So you say AI can literally do what you do, maybe not as well yet, but just wait a year. It's a literal Trojan Horse & I do not understand this one bit. Just my 'friends don't let other friends drive' 2c. Thanks.
Thanks, I'll train it on your content and set up a few hundred channels that are similar to yours, I can even copy your voice! Hope you don't mind.
You're promoting the end of your entire career
Israel poor resources. It literally has full usa support . At this rate u are just a west oriented channel
Talk about the west problems.
If the Egyptians were selling pyramids, wouldn't that make it a pyramid scheme 🤔😂
They can’t sell something they ain’t built 😂
White people did it. Right? @@LionKing-hs3hg
cool
Prove it.@@LionKing-hs3hg
@Why not?LionKing-hs3hg
Sold two islands to KSA, selling a city to the UAE, setting up tourist-only beaches.......Egypt really gives a lot to everyone except its own people.
“35% of the profits” but then there never are any, like investing in a Broadway play…
Classic military rule
that's what happens when a place is crap-poor but still has workers
@@eVill420💥👏🏻👏🏻👏🏻
What city? Google earth shows an empty desert!!
Arab leaders try not to waste all their country's national treasure on stupid projects (impossible)
Dubai wasn’t a stupid project
@Hasanaljadid Dubai is getting too hot, is it not?
@@quincyquincy4764Not all year actually
@@Hasanaljadid th-cam.com/video/tJuqe6sre2I/w-d-xo.htmlsi=V-OJmwwpEGXQAplq
China the US and the Arab countries are all wasting hundreds of billions to trillions of dollars. Sad to see that amout of recources get wasted.
Ptolemy X: *sells all of Egypt to Rome because of debt*
Al-Sisi: *Sells a town to UAE because of debt*
Some things never change
History often repeats itself, first as a tragedy second as a farce.
I think you mean Ptolemy XII
@@qusai05 no. It was the tenth who did it first.
That’s the Egyptian way
UAE is dumb bc they can’t protect it,they should’ve made it a colony or country
Content starts at 03:47.
👑
Thanks
🙏
We know.
Thankyou
Egypt's problem is not more money. It's learning how to manage money. People in power are going to spend this money away in no time
This tbh. For example the metro in Cairo, most tourists don’t know it exists. So cheap yes, but could at least charge non-tourists extra. They know how to spend money but not to manage it.
Getting a visa or residency is complicated. Different rules for resorts and Cairo etc. Took me ages to get a visa. Do they not want my money?
The banking system has potential but they try so hard to scare off investors. I would like to open a bank account in Egypt but when I got there they started check points to search people for dollars. 🤷 red flag 🚩
@@Moemuntz it's a military state they use military mindset to rule the country "panic of change" what do you except from military ?
هذة الشركات مش خايفين من الحكومات القادمة ان تأتي وتخد كل شي منهم ( تامين ) وتروح فلوسهم زي عبد الناصر عمل رمان
EXACTLY 🧐🧐💯💯💯💯
You mean in their personal poket
You're literally getting sponsored by a company that's seeking to replace you? 🤔🤔
Nah it's called technology
All these TH-camr's are fucked in the next couple of years
He himself is sounding Robotic lately, so yeah he's turning into AI himself
Yep, I might start the CaspainReport lmao
That bag must be worth it then 💰
Egypt giving those islands away was their biggest blunder of the 21st century
Ehhhhh I could name a few others
Yeah lmao @@larsstougaard7097
I think it was a bad move but the right move because they are so broke, they probably could not have even used those islands 😕
@@KaleKutterit made us even broker
They’re Saudi Island by law. They were loaned to Egypt to use for military purposes by Saudi when Israel formed and now they gave it to back.
Generals thinking they know how to run an economy. Sadly a recurring story in Africa and Asia.
Don't forget Latin America... =/
Fair point.. 👍
It is always the same in dictatorships. If you criticizes the leader, you end up in jail or killed. Therefore no one will call out dumb decisions. One of the reasons Chinas economy is hitting the wall right now. I know people often complain about capitalism. But capitalism in democratic countries is simply the superior system in the long run. Mistakes getting corrected earlier in a free market. And of course there are things to improve even in those countries, but people sure get more out of it than in dictatorships.
America: supported the Arab spring including in Egypt
Many Arab countries including Egypt: now even worse than before
Americans: must be because of their race/religion
🤷♂️
and in south america
Understanding the geopolitics of the Middle East is one hell of a struggle...
Egypt isn't in the Middel-East, but located in Africa.
It is Middle East. By geographical definition of Middle East.
And on African continent by geography. @@Exxperiment626
It's 😅
Educate yourself 😊@@Exxperiment626
@@Exxperiment626
And who said the Middle East is only in asia?
@@Exxperiment626 Egypt is both in Middle-East and (North) Africa, these regions overlap in Egypt.
The art of compromise is that everyone believes they get the biggest piece 😳
Amazing quotes.The best channel.All about perception
@@elessar947 They aren't his quotes. He just never provides credit or attribution. This one comes from Ludwig Erhard.
@@ArawnOfAnnwn does it really matter ?
@@plendafuture7451 Giving credit to the original always matters. By not doing so he's presenting himself as wiser and more poetic than he really is.
@@ArawnOfAnnwn i believe otherwise . We have all heard thousands of quotes in our life - it's not as if we remember who quoted what . As long as we use it - the quote has served it's purpose.
It's the function of the words and it's utility that matters. Being poetic or smart is a matter of individual judgement i wouldn't bet too much on it .
As someone that worked with Egyptians, that area is prime land for energy development. Plans of either solar, wind or even a nuclear power plant were considered for that region.
The viability of desalination plants was also looked at for the areas between Marsa Matruh and Alexandria.
The UAE definitely know about this so investing in that region is not as foolish as people think.
It's a good deal for the Emiratis. Not so much for Egypt, though.
@@CaspianReport Definitely. Wouldn't be the first country in the region that made short sighted decision for the sake of a quick influx of cash.
Turkey did the same with Russia when they agreed that the russians would build, own and operate the Akkuyu Nuclear Power Plant, making it russian land in all but name.
@@Lonaticus literally the russians blocked Turkish workers from coming in after the deal blew over. It's an actual blunder.
@@CaspianReportI can’t believe you are ok with endorsing A.I. 😒
@@StLouis-yu9iz you do know AI can read your negative comments about it and will come for you first. ( I love you AI )
I've loved this channel for over 10 years. Your voice has always been a powerful part of the experience. I understand its important to keep things fresh, but my heart still sinks when I hear this new polished, robotic accent.
Why is that a big deal? Its still enjoyable imo
@@afro_princess1671 n oo i t is n ot...
"The art of compromise is diving a cake in such a way that everyone thinks they got the bigger piece"
My man just keep dropping the hardest lines in all of TH-cam on a daily basis
But it's not true, it simply sounds good.
my man hit deep with them riddles
They aren't his quotes. He just never provides credit or attribution. This one comes from Ludwig Erhard.
His voice sounds more robotic lately...
Loads of channels have been using AI voiceovers now
He's turning into AI
Was he ever real?
Funny comment
AI 🤖
The land is not sold!! it's owned by Egypt's housing ministry. ADQ will have development rights and 65% of profits, but not the land.
The main problem of Egypt is the military institution, the military rules every thing in Egypt without transparency and accounting so the president can do anything without to fear the consequences for example selling two islands was catastrophic to Egyptian people they couldn't do anything to stop that Egypt gives us the best example that absolute monarchy is much better than military rule like Egypt and algeria
Lol you're Moroccan aren't you
I think the military is the lesser evil than an Islamist rule...
I am Egyptian and he said nothing wrong imho
Dear Moroccan brother, the Algerian regime is shit like all other Arab regimes regardless to the name but just note that Algeria hasn't sold or given up one inch of its soil, unlike our western beloved neighbours who still can't get back their territories from the hands of the Spaniards, and to be honest, you'll never get them back.
It's much easier to invade the weaker Western Sahara Republic to feel good about yourselves and forget how weak you are.
Cheers and love from Sovereign Algeria 🇩🇿
Shirvan's channel is really one of my favorite geopolitical channels. No bullshit, no flashy useless words/images/animations to drag length, no "3 chapters to tell you a topic so cool", no shouting tones that hurt ears; just pure content, pure educated analysis, pure geopolitical facts, knowledge and insights.
Plus I just visited Azerbaijan last week, finally knew what Sag ol means haha, I should've been more inquisitive.
I'm from Azerbaijan 😅
The AI takeover of this channel is disappointing.
What?? Just because of an ad? Still better than Raid Shadow Legends.
@@ahsanyasin8980 because content is missing. The author, who/whatever he/it is does not tell information. Only
- a said piece of land is sold for X money because the country is bankrupt.
That is 2-3 sentences, not a 20+' video
Yeah the content has become garbage, repetitive and the only original thought is in the cringe quotes
what ai takeover??
Not a takeover. Dude has just become lazy in the form of efficiency. Usually the endgame of chasing profits for your youtube channel over making quality content.
I hope that this city project will succeed and that Egypt and the Emirates will benefit from it.
I hope Egypt benefits but not the Emirates 😅
whats that flag?
@@ojn89hn pan-arab flag
It will be a failed project because Dubai, Abu Dhabi, Doha are already there and they are established cities. Saudi Arabia Neom and this Egyptian city will likely be failed projects because of those other cities that I have mentioned. Who will move to live in this city of Egypt and that of Saudi Arabia Neom? People are not interested.
@terminateurextra-ordinaire3925
Idiotic comment to compare the egyptian north coast to the gulf cities. Shows you know nothing about the region or its environment
Is building a Dubai in Egypt going to come with changes in not treating every tourist like complete shit? Everyone from officials, police, scammers, and pickpockets try to take every dollar you have the moment you land in the airport.
I hear that from everyone
@@gpcivil8807 Because its true.
Pls I got scammed there
Nope, because the people are going to stay dirt poor with no morals thinking "dog-eat-dog" is the only way to live, just like the pea-brained animals in charge that are driving this sorry excuse of a country to the depths of hell.
I’ve traveled to around 30 countries in my life and Egypt BY FAR was the most traumatising for me, not far behind that Turkey but seriously those people need to be humbled.
Love these reports, go deep and go hard. Really interesting, I always learn a lot. Well done as usual.
As an Egyptian myself That investment isn't a surprise.. since the area between alexandria and marsa matruh has seen some development like the new city of Al Alamein and other coastal developments near it that have been a very popular summer vacation and the sand and water there is amazing so it has so much potential.
The UAE is a good actor on the world stage, this is good news
Amazing video, as always! Thank you Shirvan! No AI can replace your high quality analysis and videos.
Beautiful job, Shirvan.
I suspect the UAE is planning on water and oil development
in this area, a win-win for both.
The relationship between the UAE and Egypt isn't a business relationship, UAE has been committed to Egypt since the beginning of its time.
The UAE & Egypt share a brotherhood relationship, we share the same fate, and our existence is closely tied.
UAE never ever wants to see Egypt fall like the other neighboring countries, and the UAE is willing to do everything to keep Egypt standing strong.
We drove past the new City last November. It's taking shape with the major streets and some buildings completed. Some universities have moved in already.
Man, giving power to the military through a coup was such a good idea.
Could you elaborate
No one gave them power, although no one really resisted them either
It's a lesson that we will not be able to forget
Military has stabilized the country but I agree in long run it’s detrimental
Egypt always found itself ruled by military dictator like Ptolemy I and the Mamluks.
Power comes from the barrel of a gun. They didn't give the military their power, the military just took it.
Most western militaries are highly segmented and have political safeguards precisely to prevent this same type of situation.
As usual, interesting as always Shirvan. Keep it up👍
Egypt's strategy isn't just about a single city project. It's a multi-pronged approach, developing new economic zones, industrial hubs, and tourism. This diversification is crucial for sustainable long-term growth and reduced reliance on external factors.
Basically, both Egypt and the UAE are collaborating on a new city on the Mediterranean coast.
No eua is building a city for its rich elite to live in as a second home nice and safe away from the poor people eae
UAE is also building a smart city in Budapest Hungary..
Budapest is already a city, where are they building it ?
@@salsaniggas8544 Hungary signed an economic cooperation agreement with the United Arab Emirates on March 14 that paves the way for a €5bn rehabilitation project in Budapest, creating a massive new quarter in the capital.
The agreement was signed by Minister of Foreign Affairs and Trade Peter Szijjarto and the UAE's Minister of State for Foreign Trade Thani bin Ahmed Al Zeyoudi in Budapest.
What are you talking about?
@@zerma6 deleted my earlier comments
Egypt has miles of undeveloped coastline along the Mediterreanean and the Red Sea- both in the gulf of Suez and Aquaba.
Coasline cities areas could attract all sorts of capital from the wealthiest to the poorest.
Its actually a shame that Egypt couldnt develop it themselves, but should partner with those who can.
A lot of the coastline along the Mediterreanean is populated with "summer compounds" for the wealthy Egyptian Elite, starting from Alexandria all the way along to Marsa Matruh.
El Alamein city
Sure, but why not closer? Who wants to live 200km out in the middle of nowhere? Oh because everything will be built there? Sure, sure it will...
I'm in sahil and this is my second time up here. This place is 💯 underdeveloped which is a crazy statement because there is new builds everywhere but no one here. Worth seeing in peak season to see the difference
They can't develop themselves mainly because of their incompetence.
This was a very savvy episode, it almost felt like a story from antiquity.
Good job, Shirvan
Who is Shirvan?
@@asalaiman The speaker and creator of Caspian Report.
3:58
Pros 7:03
Cons 8:50
Reason 12:28, 13:11
It's like UAE is playing SimCity in real life.
As you explain it, the deal makes perfect sense. Everyone looking out for their interests. Nothing unusual in that.
I am a subscriber of this channel since it only had few hundred or a thousand subscribers. Seeing it reach over 1.5 million subs makes me feel like a winner like backing a right horse. Well done you deserve all this.
I live in a tourist city, the problem with Egypt and their tourism is in a culture, here you can go everywhere explore what ever you want. In Egypt is a different story... There are WAY too many scams + some ppl will try to pull you into stuff that you don't want to do, and they can be aggressive. I have been only once there, and I don't want to go back. They have to change the ppl if they wanna tourism. We have a lot of Hollywood stars here, and they like it, know why? We leave em alone and treat em as regular ppl. Neil Patrick Harris is basically my neighbor for around 10y, and we only spoke few times in last let say 3 because our path are crossed, so I see him a lot. I cannot imagine ppl like him going there, all those ppl would swarm him and try to take pics this and that.
It's not only tourism, they do business and administration in a similar hostile way. This is why even egyptian branches of EMEA companies never hire Egyptians, the education and work ethics is simply non existent.
Egypt is also currently under a dictatorship via El Sisi so it's going to be far harder to attract people to it
As the guy above said they are under a terrible dictatorship we will overthrow some day. And what you say is quite rude about egyptians. We are a nice population if you ignore the poor scammers, all you do is ignorem simple as that
@@rejvaik00El sisi is very tolarent Leader
@@Hasanaljadid Still a dictator...
Egypt will need to come with good economic policies that generate good earnings for the country to run the country. They cant run on debt forever and running to the gulf for money.
Egypt is doing well😊
In 2075
The GDP will be 10.4 trillion dollars in the top 7
@@AhmedAllam111mashy ya 3arص
I still remember when you only had around 1500 subscribers. Well done. I like the early version of background music I hope your used again sometime. Thanks you.
What is the name of the background music? from 3:47
also, there is a condition that says, all the workers and engineers will be egyptians. and the north cost in egypt is like heaven, madive of the middle east, it's a win-win situation
Amazing work, thanks for sharing.
Excellent as always
the music sucks, and the content sounds like an AI. this was a 5 minute video. Where are the details on the city?
Houthi hedge. By having a port controlled by the UAE in the Mediterranean, they can conduct deals, ship/receive goods and bypass the Hourhis shooting at anything passing the Red Sea. I also wonder if the UAE found natural gas in the Med, allowing them to ship to Southern Europe direct. If thats the case and Al-Sisi permits it, there could be very big problems. Regardless, very bold moves by the UAE. Its reminding me of the very active Italian trading states of Venice and Genoa in the late Middle Ages/Early Renaissance period.
Outstanding presentation! Especially notable were the 'graphical maps.' Thanks for all you do!
For a nation with so much potential, Egypts government keeps scoring own goals.
hosni mubarak would have said no
The city being called Ras El Hekma is ironic.
Why? What does the name mean?
@@AngelBaby-cp6kf Ras can mean 'peninsula' or 'head'. El Hekma means 'the wisdom'. So while Ras El Hekma means 'Peninsula of Wisdom' considering it refers to a geographical feature, it can also be read as the 'head of wisdom', which is ironic considering that is something the Egyptian elite are missing due to the bad state of the country.
I think Hekma or Hikma something about wisdom and Ras is head. So a huge risk of a project in Egypt of " The wise Head " 😅
@@larsstougaard7097no see for reference ras el khaima in UAE
Yeah we joke about it in Egypt
Egypt is actually over 100 times the size of the UAE if you don't count all the foreign temporary workers, which you shouldn't.
So what? What are you trying to say by that
Great Video!!! Maybe time for a new microphone though :s
Also the video qualuty seems to be a bit glitchy. Keep that gold standard Caspian team!!
You forgot to mention Al Qattara project that appears to be phase two of this new development. Great video as always Shirvan! 👍
they will build another rich-strata bubble city in the desert ? How many times they will repat this mistake ?
Dubai is successful
@@Hasanaljadidbeyond successful
It works though. They just need good policies too. Just throwing money won't work.
Dubai has more foreign workers than natives. In this city Egyptians will be the 'guest workers' in their own land, sending their paychecks as remittances back to their families in Cairo.
@@Hasanaljadidlooks at the slums of Indian foreign workers to keep a small population in luxury sitting in a desert off of oil money and marketing heavy pampering of tourists
I always ask the same question..Where is the fresh water coming from [desalination plants?] and where does the sewerage go? Also where is the electricity coming from?
Lovely video! Thank you!
Thank you Shirvan! I always look forward to your videos. 👍😊
@ 16:38-9 "Leveling the playing field with Iran" I've got a sneaky suspicion that some of that leveling is going to occur in Yemen!
In the meantime they'll be losing out on 9bn USD a year due to the out-of-order Suez-Canal - which is 20% of the government's annual income. ...and they feel comfortable to do nothing to stop the commotion.
Egypt doesn't have the means to do anything about it.
@@CaspianReport That's so bad. Thanks for responding!
What happened to the canal?
@@umueri1877it's not considered safe to use anymore as the Houthis in Yemen will attempt to attack anything that transits it
And no one wants to be the one to take on the Houthis not because they can't defeat them but because of the high cost in material and resources to occupy and deal with the humanitarian crisis in post Houthi controlled Yemen
So it's kind of a strange W for the Houthis they get to use their poverty as a shield from more powerful nations like the US from directly stopping them
Instead the US has to defend ships transitioning the Suez canal and and stop Houthi controlled drones worth 20,000$ using rockets and missiles worth millions of dollars
So the Houthis also get to inflict damage of an economic impact even when they fail
@@umueri1877 Houthis scaring ships away
As a European, I like that the UAE spend their oil money in the Mediterranean.
UAE is buying influence in Egypt. And I'm happy to see a gulf country buy influence in Egypt rather than a western country.
@@srafid2000
They're gonna manage gaza soon.
When we say uae we really mean the us for military base. You should find a good political reason for it to happen. Good luck
@@srafid2000 lmfao
@srafid2000 no it's bad. Different management same rule. Same with the western African countries leaving France for Russia. Just a bunch of corrupt people leading their countries to downfall for the sake of short term monetary gains for themselves and leaving their countries to pay for it all.
Even if the UAE is making a move at expanding its sphere of influence in the Near East, this is a strong move for Egypt. The country needs money and has pawned off virtually unused territory. Even if there are challenges to Egyptian sovereignty, which isn’t in the UAE’s immediate interest, they can deal with that later when their negotiating position is stronger. As Machiavelli says, never be a fencesitter.
Ras El-hekma will have motto: Make Egypt Rich again.
I am sure egypt got the plan after watching this video
We are talking about people with big brains - Politicians.
Shirvan, comments are flooded with people (or bots) giving you negative comments or sometimes calling you a bot, AI or something. You are being targeted my friend.
Be safe and correct your sound effects, it does sound like AI
Yes who started this AI war ⚔️?
Thats because it probably is AI
Fazza again you show just how brilliant and amazingly creative Man...!!
Well the UAE really showed us much influence they've got over there . diversing the Abu Dhabi s economy is a great plan right after the giant success Dubai had it that left the town as a mega global influential city in economy trade tourism technology business real estate . so by far investing in other countries is a god damn clever way
Nasser would be rolling in his grave if he were to heard about this 😂
It's very funny how western "critics" see multipolar cooperation and feel threatened.
He’s Azeri
This is such a good deal for Egypt!
No !!! Look at dubai u really want hindu and Bangladesh slaves without passports in Egypt ?
I’m completely taken by the concept from the title. It was definitely the perfect title to get me to quick.
It is inaccurate though
I got a bridge they can buy too, they will have to transport it themselves though.
Fascinating report. The Emiratis have made creative use of their wealth, essentially leasing a piece of Egypt and a strategic location on the Mediterranean. It is ironic that, today, Egypt is almost a failed state: overpopulated and barely governable. In Roman times, it was, with a population of 6 million, a wealthy province of the empire
Overpopulation is the coathanger that failed third world governments use to shift the blame to their population. Overpopulation is not a thing, the problem is corruption
It wasn't wealthy, Rome's wealth was dependant on it, about a third of the revenue came from Egypt as it was NOT a province, it was personal property.
UAE trying to be the world's new Venice.
@@mznxbcv12345not only that, it basically fed the entire empire
Egypt was at its best state in the time of thurmose lll
Amazing video
Often, your videos are just a bunch of stock videos with little real content. But this one was indeed quite informative and with a nice support of graphics and maps
Shirvan, I have a suggestion: Please make a series on Cold War in the Muslim World.
Eid Mubarak ☪️
eid mubarak
It's a BIG video thank you
They control Socotra in the name of their South Yemen client state in Aden, who also have forces there and were certainly not upset.
The widely-recognized Yemeni Republic may have been upset that they lost control, but they barely control any territory on the mainland (it’s virtually all controlled by either the Southerners or the Houthis) and thus have little sway in the matter.
I find it baffling that you're trying to compare this development in terms of "resource-less potential" with Singapore. Singapore is at the neck of one of the worlds most important shipping route. Of course that will turn it into an important place that doesn't need resources to be valuable. But in Egypt, so far from major trade routes, without oil or gas fields in the immediate vicinity, I fail to see how that can compare.
Egypt literally controls the suez canal.
"Egypt, so far from major trade routes"??!! Egypt CONTROLS the quickest route between Europe and Asia -- the Suez Canal. BenschiVids gets three upvote for that kind of analysis?
Doesn't Egypt own the suez canal? The fastest ocean route between Asia and Europe?
@@lmnop286 yes it does, but that is quite far from the place talked in the video
Hang on! Isn't 'InVideo AI' the REAL Trojan Horse in this video???
_edit: your own accent would sound "human like" to many USAers._
Ha ha exactly you have to dive deep into this matrix to find the truth and the horse
Okay so for a start the north west area of Egypt's Mediterranean coast isn't deserted, as someone living in Egypt and works in the real estate industry, that area has a very old city called Marsa Matrouh that been living for decades and has one of the most beautiful seawater in the globe.
Between Marsa Matrouh and all the way to the end of Ras El Hekma there is so many Egyptian powered development exiting and even more under construction that sum to more than 15K acres along the shore of the Mediterranean sea.
Secondly The area of Ras El Hekma has had very small developments since King Farouk in the 1940's and has been recognized since then as a beautiful spot with beautiful sea waters and beautiful white sands, so there has always been the concept of transforming it at some point to be one of the most attractive tourism hot spots amongst all the countries and cities overlooking the Mediterranean Sea.
Lastly it really gets on my nerves how you pronounce Emirates!
Relying on tourism is a mistake for any country. This combination of low tech manufacturing and over reliance on tourism can never bring wealth to a country as big as Egypt.
Don't advertise that AI spam stuff dude.
He already uses it for his videos
Why do you say that ordinary Egyptians will not benefit from the project?
Someone needs to do the construction and contracting on the development
Someone will work all those jobs that will be created there (schools, hospitals, malls, hotels, restaurants etc.)
The project will add foreign currency in the country
All the tourists that wii go there will add foreign currency in Egypt
This is almost "infrastructre stimulus" and it also has a multiplier effect in the economy
Not to mention that once you build the place, it is easier to connect more suburbs to it.
If you have tourist wanting a Dubai like experience, why would they not just go to Dubai? What is going to draw them to a Dubai copy cat city in Egypt away from all the things tourist generally want to see in Egypt? Additionally, If you do think this type of city is viable and if there are political and economic roadblocks for this type of development to take place without the assistance of the UAE, then would it not make more sense to reform Egypt’s economic and political policies and structure to allow for more economic growth and for such development to be able to occur organically?
@@Hans_Petersonthat doesnt make any sense. If people like going to a dubai like city, they will go to a dubai like city in Egypt.
@@lastword8783 I think Dubai occupies a pretty niche economy that to me seems pretty comparable to a city like Las Vegas - both of them develop cheap desert land into hotels, shopping malls and entertainment venues in combination with loosened restrictions on various behaviors normally not permitted in their respective cultures. It probably wouldn’t make sense if say Phoenix tried to be a copy cat city of Las Vegas, they would probably either not be able to over come Las Vegas’s first mover advantage to attract those types of tourist, or they would split that tourist market and be worse off than if they had tried to find their own economic niche to occupy. Phoenix today does have a healthy tourist market, but the people going to 5 star self improvement meditation resorts in the Mojave desert aren’t the same type of tourist that are wanting to go to Las Vegas to gamble and go to night clubs.
@@Hans_Petersonthis is probably the best coast in the world, truly. But yea definitely the bigger proper change would be structural reforms in egypt as a whole to make investments easier. But hey maybe after this is a success the gov realizes WHY its a success
I think you hit the nail on the head with the Timeshare comparison. The location of the city is not that much farther north than Dubai but the climate is a lot less harsh in the height of summer, also a good place to park a yacht in the med.
Interesting. Thank you.
"To divide a cake in such a way, that everyone thinks they have the biggest piece"
Everyone in the comments is saying he's going to lose his channel to AI, but, while AI has made great strides, there is no way it could make this kind of video without Caspian Report holding its hand. And I think he knows it and is not threatened by it.
Ai just a auto reader because people to lazy to talk or read themselves.
Excellent report.
The beauty of this world is different EVERYWHERE...but still beautiful...love the World at my fingertips via the Videos...
UAE would have to be insane to take this deal. Criminals have no recourse to the law.
Who is the criminal here exactly?
Well, the UAE has a militia in sudan that can threaten egypt south boarder or water supply, so it might be used.
@@ibrahima222 both of them
@@MoonDude02 then you don't know how much these 2 nations actually love each other.
@@dasdas7434 you are crazy to think we love each other, uae only seek its benefits and the clown dictator of ours is giving them what they want
Good for them. More prosperity, less conflict
Is it me or did you really work on your accent ant pronunciation? Sounds good man!
great video
Anytime UAE puts itself into another country I then feel sorry for that country. Never trust UAE.
Exactly
You don’t have anything proven the misleading information what you claim but in other hand UAE works hard to establish wonderful projects around the world and help many people worldwide
@@khalidalkaabi7933 Actually, I lived in the UAE for over 20 years and worked in multiple government departments. Never trust UAE.
Ok westerner
That is not the truth
Egypt never sell land to anyone
Those are investments between 2 countries
This is a propaganda channel run by a Azerbaijani..
What a great video
Sad Story. Egypt, Weaker than ever, because the Nile is Drying up and the Red Sea is not a Safe place to Trade, find themselves forced to efffectively Sell a Colony to the Rich UAE.
Yes, the benefits mentioned are considerable, it probably is still a deal Egypt should take. But it is still Sad that things Have Come to This for Egypt.
It's the first time I see some deal like that
Does that mean it gonna be like a federal state with their laws, out of dominance, selling estates to anyone they want .. etc ?
Shirvan which part of the Muslim world are you allied with?
Turkiye🇹🇷
He's from Azerbaijan. I think in a video from some time ago he said that he isn't particularly aligned with anybody.
Some propaganda I think
It’s beautiful how explained this project with a look at the grand scheme, but you seemed to miss Israel in the equation.
Irrelevant Zionists
15:30 Cairo already has better seats at the Turkish banquet, Egypt is already home to eastern Mediterranean gas forum which helped forming alliance with Greece and Cyprus for future natural gas and electricity connections, forcing Turkey to withdraw its forces from Libya and renegotiate with Egypt and Greece in the eastern Mediterranean