24 Hrs
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المصري اليوم
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Khaled Youssef criticizes Sadat's impact on social and industrial progress
Director Khaled Youssef discussed the decline of the industrial renaissance that Egypt experienced during Gamal Abdel Nasser's era. He pointed out that the late President Anwar Sadat derailed that renaissance and hindered economic and industrial progress. Sadat abolished national industries and opened the door to economic liberalization, which led to the emergence of a new business class and increased corruption. He added that Sadat dealt a blow to the lines of national independence and the economic policies that Egypt followed after Nasser, resulting in Egypt losing its economic and political independence. This same approach continued during Hosni Mubarak’s era until the protests of 2011.
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