Source: Italian Institute for International Political Studies
Author(s): Robert Springborg
When Egyptian President Abdel Fattah el-Sisi seized power in 2013, he inherited a military economy under the control of the officer corps and primarily serving its economic interests. He immediately began transforming it into a securitized economy, one in which the entire economy is subordinated to the military and security services. This has involved transferring rent capture to military and intelligence officers, empowering the military and intelligence services to spend public funds, and deinstitutionalizing elite control over the commanding heights by substituting family connections for institutional and professional ones.
Read more at original link