Labelled an albatross by critics, Egypt’s new capital carries an estimated cost of $58 billion at a time of growing concerns over the country’s economic and political stability. Image source
In 2011, mass protests overthrew the regime of Egyptian President Hosni Mubarak over a host of issues, including corruption, high living costs, and high unemployment. Over a decade later, these issues persist in Egypt, exacerbated by an increasingly unstable Middle East region. With a massive and growing populace, an emerging food crisis, and a heavy reliance on the international community to sustain its economy, Egypt stands on the brink of a crisis that could dwarf the so-called Arab Spring.
