Yes. They have other boondoggles going as well, like a new alternative to Cairo: https://www.cnn.com/world/egypt-new-administrative-capital-spc-intl/index.html

Yes. They have other boondoggles going as well, like a new alternative to Cairo: https://www.cnn.com/world/egypt-new-administrative-capital-spc-intl/index.html https://www.cnn.com/world/egypt-new-administrative-capital-s... Inflation at almost 30% and lending rates around that as well. Taxes are being increased by more than 30% as well, mandated by the IMF for past borrowing.