ABSTRACT
In the aftermath of the 2011 revolution and the tumult that followed, it was perceptible that the Egyptian civil society was not able to create a feasible political other that could take control of the state apparatus following a widespread peoples’ revolt. The Egypt Economic Development Conference took place in Sharm al-Sheikh on March 15, 2015 in which the Gulf Arab allies pledged a further $12 billion of investments and central bank deposits for Egypt. After more than a year of being shrouded in mystery, Egypt’s ‘new’ capital city was revealed in a slick, new website that went live on March 13, 2015. According to Amr Adly, the ‘New Egypt’ in a sense connotes a victory for the bureaucracy. Egypt’s political independence in 1956, and the consequent emancipation of the economy from foreign existence did not transform into more opportunity for the native bourgeoisie, be it large or small, to develop.
