Egypt's Military Inc inextricably tied to MNCs

If you think that the Egyptian Army Incorporated is a self-sufficient, independent economic empire, think again.

Damietta International Port Company: 70% foreign-owned

The United Arab Shipping Company : 50% foreign-owned

Suez Canal Container Terminal Company: 85% foreign-owned

Alexandria International Container Terminals : majority foreign-owned

Suez Canal Insurance : majority foreign-owned

Sino Tharwa: joint venture with foreign firm

Tharwa Breda Petroleum Services: joint venture with foreign firm

Thekah Petroleum Company : joint venture with foreign firm

Egyptian-Chinese Petroleum Company for Manufacturing Drilling Rigs: joint venture with foreign firm

Arab Company for Computer Manufacturing: 71% foreign-owned

International Pipe Industry Company: 60% foreign-owned

Maxalto: joint venture with foreign firm

OK, this is a small, incomplete list, and obviously it does not include the area of weapons manufacturing, nor does it include joint real estate ventures between the army and foreign developers like Emaar

The army's dependence on multinational companies and foreign investment is impossible not to notice. It survives financially because of its collaboration with global capital.