Why Egypt is selling a city to UAE for $35 billion

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  • Опубліковано 12 тра 2024
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    #Egypt signed a deal with the #UAE to construct a new city on the Mediterranean coast. Critics, however, say that Egypt will trade over part of its #sovereignty.
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КОМЕНТАРІ • 2 тис.

  • @CaspianReport
    @CaspianReport  Місяць тому +74

    Get started with InVideo AI for free & create upto 4 videos for free! Remove the watermark by upgrading to a paid plan here: invideo.io/i/CaspianReport

    • @phlezktravels
      @phlezktravels Місяць тому +3

      All these idiots afraid of AI are adorably scared of what they don't understand. Instead of trying to understand it, they tuck and run. Hilarious terds

    • @UncleJoeLITE
      @UncleJoeLITE Місяць тому +81

      Mate, unless you know something I don't, this seems like the sponsor from hell. So you say AI can literally do what you do, maybe not as well yet, but just wait a year. It's a literal Trojan Horse & I do not understand this one bit. Just my 'friends don't let other friends drive' 2c. Thanks.

    • @fastmot1on
      @fastmot1on Місяць тому +53

      Thanks, I'll train it on your content and set up a few hundred channels that are similar to yours, I can even copy your voice! Hope you don't mind.

    • @socialistrepublicofvietnam1500
      @socialistrepublicofvietnam1500 Місяць тому +53

      You're promoting the end of your entire career

    • @thu461
      @thu461 Місяць тому +2

      Israel poor resources. It literally has full usa support . At this rate u are just a west oriented channel
      Talk about the west problems.

  • @turnleft8645
    @turnleft8645 Місяць тому +2477

    If the Egyptians were selling pyramids, wouldn't that make it a pyramid scheme 🤔😂

  • @whitedeath9
    @whitedeath9 Місяць тому +1754

    Sold two islands to KSA, selling a city to the UAE, setting up tourist-only beaches.......Egypt really gives a lot to everyone except its own people.

    • @dannyteal1020
      @dannyteal1020 Місяць тому +73

      “35% of the profits” but then there never are any, like investing in a Broadway play…

    • @julianshepherd2038
      @julianshepherd2038 Місяць тому +178

      Classic military rule

    • @eVill420
      @eVill420 Місяць тому +41

      that's what happens when a place is crap-poor but still has workers

    • @kimlarso
      @kimlarso Місяць тому +4

      @@eVill420💥👏🏻👏🏻👏🏻

    • @k22567
      @k22567 Місяць тому +6

      What city? Google earth shows an empty desert!!

  • @user-iz2tq3dx5d
    @user-iz2tq3dx5d Місяць тому +1728

    Arab leaders try not to waste all their country's national treasure on stupid projects (impossible)

    • @Hasanaljadid
      @Hasanaljadid Місяць тому +67

      Dubai wasn’t a stupid project

    • @quincyquincy4764
      @quincyquincy4764 Місяць тому +48

      ​@Hasanaljadid Dubai is getting too hot, is it not?

    • @Hasanaljadid
      @Hasanaljadid Місяць тому +21

      @@quincyquincy4764Not all year actually

    • @user-iz2tq3dx5d
      @user-iz2tq3dx5d Місяць тому

      @@Hasanaljadid ua-cam.com/video/tJuqe6sre2I/v-deo.htmlsi=V-OJmwwpEGXQAplq

    • @Admiral-General_Aladeen
      @Admiral-General_Aladeen Місяць тому

      China the US and the Arab countries are all wasting hundreds of billions to trillions of dollars. Sad to see that amout of recources get wasted.

  • @cgt3704
    @cgt3704 Місяць тому +1282

    Ptolemy X: *sells all of Egypt to Rome because of debt*
    Al-Sisi: *Sells a town to UAE because of debt*
    Some things never change

    • @elhombredeoro955
      @elhombredeoro955 Місяць тому +112

      History often repeats itself, first as a tragedy second as a farce.

    • @qusai05
      @qusai05 Місяць тому +7

      I think you mean Ptolemy XII

    • @cgt3704
      @cgt3704 Місяць тому +32

      @@qusai05 no. It was the tenth who did it first.

    • @jboydayz
      @jboydayz Місяць тому +35

      That’s the Egyptian way

    • @xyeB
      @xyeB Місяць тому

      UAE is dumb bc they can’t protect it,they should’ve made it a colony or country

  • @bahaa2ahmed
    @bahaa2ahmed Місяць тому +201

    Egypt's problem is not more money. It's learning how to manage money. People in power are going to spend this money away in no time

    • @Moemuntz
      @Moemuntz Місяць тому +7

      This tbh. For example the metro in Cairo, most tourists don’t know it exists. So cheap yes, but could at least charge non-tourists extra. They know how to spend money but not to manage it.
      Getting a visa or residency is complicated. Different rules for resorts and Cairo etc. Took me ages to get a visa. Do they not want my money?
      The banking system has potential but they try so hard to scare off investors. I would like to open a bank account in Egypt but when I got there they started check points to search people for dollars. 🤷 red flag 🚩

    • @Magicallstore
      @Magicallstore Місяць тому +12

      @@Moemuntz it's a military state they use military mindset to rule the country "panic of change" what do you except from military ?

    • @rabiehmalik6822
      @rabiehmalik6822 28 днів тому +1

      هذة الشركات مش خايفين من الحكومات القادمة ان تأتي وتخد كل شي منهم ( تامين ) وتروح فلوسهم زي عبد الناصر عمل رمان

    • @EngyAbuAlQasim
      @EngyAbuAlQasim 28 днів тому

      EXACTLY 🧐🧐💯💯💯💯

    • @rabiehmalik6822
      @rabiehmalik6822 28 днів тому +1

      You mean in their personal poket

  • @karzan995
    @karzan995 Місяць тому +739

    Content starts at 03:47.

  • @thefrub
    @thefrub Місяць тому +1772

    You're literally getting sponsored by a company that's seeking to replace you? 🤔🤔

    • @phlezktravels
      @phlezktravels Місяць тому +87

      Nah it's called technology

    • @darrenasquith1170
      @darrenasquith1170 Місяць тому

      All these UA-camr's are fucked in the next couple of years

    • @shanbhogue
      @shanbhogue Місяць тому +421

      He himself is sounding Robotic lately, so yeah he's turning into AI himself

    • @UncleJoeLITE
      @UncleJoeLITE Місяць тому +80

      Yep, I might start the CaspainReport lmao

    • @user-op8fg3ny3j
      @user-op8fg3ny3j Місяць тому +60

      That bag must be worth it then 💰

  • @wzupppp
    @wzupppp Місяць тому +612

    Egypt giving those islands away was their biggest blunder of the 21st century

    • @larsstougaard7097
      @larsstougaard7097 Місяць тому +102

      Ehhhhh I could name a few others

    • @DodgerX
      @DodgerX Місяць тому

      Yeah lmao ​@@larsstougaard7097

    • @KaleKutter
      @KaleKutter Місяць тому +28

      I think it was a bad move but the right move because they are so broke, they probably could not have even used those islands 😕

    • @retf8977
      @retf8977 Місяць тому +39

      ​@@KaleKutterit made us even broker

    • @laythsoliman6809
      @laythsoliman6809 Місяць тому +46

      They’re Saudi Island by law. They were loaned to Egypt to use for military purposes by Saudi when Israel formed and now they gave it to back.

  • @HamzaPKR
    @HamzaPKR Місяць тому +280

    Generals thinking they know how to run an economy. Sadly a recurring story in Africa and Asia.

    • @daurgo2001
      @daurgo2001 Місяць тому +26

      Don't forget Latin America... =/

    • @evm6177
      @evm6177 Місяць тому +7

      Fair point.. 👍

    • @3komma141592653
      @3komma141592653 Місяць тому +14

      It is always the same in dictatorships. If you criticizes the leader, you end up in jail or killed. Therefore no one will call out dumb decisions. One of the reasons Chinas economy is hitting the wall right now. I know people often complain about capitalism. But capitalism in democratic countries is simply the superior system in the long run. Mistakes getting corrected earlier in a free market. And of course there are things to improve even in those countries, but people sure get more out of it than in dictatorships.

    • @troy5094
      @troy5094 Місяць тому +6

      America: supported the Arab spring including in Egypt
      Many Arab countries including Egypt: now even worse than before
      Americans: must be because of their race/religion
      🤷‍♂️

    • @berdigylychrejepbayev7503
      @berdigylychrejepbayev7503 29 днів тому +1

      and in south america

  • @shomailakhan3411
    @shomailakhan3411 Місяць тому +285

    The art of compromise is that everyone believes they get the biggest piece 😳

    • @elessar947
      @elessar947 Місяць тому +11

      Amazing quotes.The best channel.All about perception

    • @ArawnOfAnnwn
      @ArawnOfAnnwn Місяць тому +28

      @@elessar947 They aren't his quotes. He just never provides credit or attribution. This one comes from Ludwig Erhard.

    • @plendafuture7451
      @plendafuture7451 Місяць тому

      ​@@ArawnOfAnnwn does it really matter ?

    • @ArawnOfAnnwn
      @ArawnOfAnnwn Місяць тому +11

      @@plendafuture7451 Giving credit to the original always matters. By not doing so he's presenting himself as wiser and more poetic than he really is.

    • @plendafuture7451
      @plendafuture7451 Місяць тому +5

      @@ArawnOfAnnwn i believe otherwise . We have all heard thousands of quotes in our life - it's not as if we remember who quoted what . As long as we use it - the quote has served it's purpose.
      It's the function of the words and it's utility that matters. Being poetic or smart is a matter of individual judgement i wouldn't bet too much on it .

  • @flyveto457
    @flyveto457 Місяць тому +187

    Understanding the geopolitics of the Middle East is one hell of a struggle...

    • @Exxperiment626
      @Exxperiment626 Місяць тому +4

      Egypt isn't in the Middel-East, but located in Africa.

    • @mahmoodabbasi6120
      @mahmoodabbasi6120 Місяць тому

      ​It is Middle East. By geographical definition of Middle East.
      And on African continent by geography. ​@@Exxperiment626

    • @AhmedAllam111
      @AhmedAllam111 Місяць тому

      It's 😅
      Educate yourself 😊​@@Exxperiment626

    • @MoonDude02
      @MoonDude02 Місяць тому +44

      ​@@Exxperiment626
      And who said the Middle East is only in asia?

    • @skatesuperbaby
      @skatesuperbaby Місяць тому +26

      @@Exxperiment626 Egypt is both in Middle-East and (North) Africa, these regions overlap in Egypt.

  • @Lonaticus
    @Lonaticus Місяць тому +185

    As someone that worked with Egyptians, that area is prime land for energy development. Plans of either solar, wind or even a nuclear power plant were considered for that region.
    The viability of desalination plants was also looked at for the areas between Marsa Matruh and Alexandria.
    The UAE definitely know about this so investing in that region is not as foolish as people think.

    • @CaspianReport
      @CaspianReport  Місяць тому +103

      It's a good deal for the Emiratis. Not so much for Egypt, though.

    • @Lonaticus
      @Lonaticus Місяць тому +41

      @@CaspianReport Definitely. Wouldn't be the first country in the region that made short sighted decision for the sake of a quick influx of cash.
      Turkey did the same with Russia when they agreed that the russians would build, own and operate the Akkuyu Nuclear Power Plant, making it russian land in all but name.

    • @0Er0
      @0Er0 Місяць тому +10

      ​@@Lonaticus literally the russians blocked Turkish workers from coming in after the deal blew over. It's an actual blunder.

    • @StLouis-yu9iz
      @StLouis-yu9iz Місяць тому +4

      @@CaspianReportI can’t believe you are ok with endorsing A.I. 😒

    • @Kodakcompactdisc
      @Kodakcompactdisc Місяць тому +22

      @@StLouis-yu9iz you do know AI can read your negative comments about it and will come for you first. ( I love you AI )

  • @mjw907
    @mjw907 Місяць тому +471

    His voice sounds more robotic lately...

  • @hugoleonardoamaral586
    @hugoleonardoamaral586 Місяць тому +133

    "The art of compromise is diving a cake in such a way that everyone thinks they got the bigger piece"
    My man just keep dropping the hardest lines in all of UA-cam on a daily basis

    • @eroero830
      @eroero830 Місяць тому +5

      But it's not true, it simply sounds good.

    • @Heseesme101
      @Heseesme101 Місяць тому

      my man hit deep with them riddles

    • @ArawnOfAnnwn
      @ArawnOfAnnwn Місяць тому +18

      They aren't his quotes. He just never provides credit or attribution. This one comes from Ludwig Erhard.

  • @mrbigbadbearbear
    @mrbigbadbearbear Місяць тому +89

    I've loved this channel for over 10 years. Your voice has always been a powerful part of the experience. I understand its important to keep things fresh, but my heart still sinks when I hear this new polished, robotic accent.

    • @afro_princess1671
      @afro_princess1671 Місяць тому +6

      Why is that a big deal? Its still enjoyable imo

    • @bastiaan7777777
      @bastiaan7777777 Місяць тому

      @@afro_princess1671 n oo i t is n ot...

  • @ahmedhany7035
    @ahmedhany7035 28 днів тому +9

    The land is not sold!! it's owned by Egypt's housing ministry. ADQ will have development rights and 65% of profits, but not the land.

  • @KT-ki6gz
    @KT-ki6gz Місяць тому +25

    Is building a Dubai in Egypt going to come with changes in not treating every tourist like complete shit? Everyone from officials, police, scammers, and pickpockets try to take every dollar you have the moment you land in the airport.

    • @gpcivil8807
      @gpcivil8807 Місяць тому

      I hear that from everyone

    • @basillah7650
      @basillah7650 28 днів тому +1

      @@gpcivil8807 Because its true.

    • @muichirotokitotokito6819
      @muichirotokitotokito6819 26 днів тому

      Pls I got scammed there

    • @psadlkfpsk
      @psadlkfpsk 24 дні тому

      Nope, because the people are going to stay dirt poor with no morals thinking "dog-eat-dog" is the only way to live, just like the pea-brained animals in charge that are driving this sorry excuse of a country to the depths of hell.

    • @SYED_SHAH07
      @SYED_SHAH07 20 днів тому +1

      I’ve traveled to around 30 countries in my life and Egypt BY FAR was the most traumatising for me, not far behind that Turkey but seriously those people need to be humbled.

  • @user-wn6ic9mj8b
    @user-wn6ic9mj8b Місяць тому +25

    The main problem of Egypt is the military institution, the military rules every thing in Egypt without transparency and accounting so the president can do anything without to fear the consequences for example selling two islands was catastrophic to Egyptian people they couldn't do anything to stop that Egypt gives us the best example that absolute monarchy is much better than military rule like Egypt and algeria

    • @troy5094
      @troy5094 Місяць тому +4

      Lol you're Moroccan aren't you

    • @nirorbach8046
      @nirorbach8046 29 днів тому

      I think the military is the lesser evil than an Islamist rule...

    • @SukisBoy
      @SukisBoy 13 днів тому

      I am Egyptian and he said nothing wrong imho

    • @miloudbouchefra200
      @miloudbouchefra200 5 днів тому

      Dear Moroccan brother, the Algerian regime is shit like all other Arab regimes regardless to the name but just note that Algeria hasn't sold or given up one inch of its soil, unlike our western beloved neighbours who still can't get back their territories from the hands of the Spaniards, and to be honest, you'll never get them back.
      It's much easier to invade the weaker Western Sahara Republic to feel good about yourselves and forget how weak you are.
      Cheers and love from Sovereign Algeria 🇩🇿

  • @user-eu9mz7pl3k
    @user-eu9mz7pl3k Місяць тому +42

    I hope that this city project will succeed and that Egypt and the Emirates will benefit from it.

    • @CutieZalbu
      @CutieZalbu Місяць тому +4

      I hope Egypt benefits but not the Emirates 😅

    • @ojn89hn
      @ojn89hn Місяць тому

      whats that flag?

    • @SuhbanIo
      @SuhbanIo Місяць тому +1

      @@ojn89hn pan-arab flag

    • @terminateurextra-ordinaire3925
      @terminateurextra-ordinaire3925 Місяць тому +1

      It will be a failed project because Dubai, Abu Dhabi, Doha are already there and they are established cities. Saudi Arabia Neom and this Egyptian city will likely be failed projects because of those other cities that I have mentioned. Who will move to live in this city of Egypt and that of Saudi Arabia Neom? People are not interested.

    • @jjhhkkful
      @jjhhkkful Місяць тому +1

      ​@terminateurextra-ordinaire3925
      Idiotic comment to compare the egyptian north coast to the gulf cities. Shows you know nothing about the region or its environment

  • @peropero2307
    @peropero2307 Місяць тому +129

    I live in a tourist city, the problem with Egypt and their tourism is in a culture, here you can go everywhere explore what ever you want. In Egypt is a different story... There are WAY too many scams + some ppl will try to pull you into stuff that you don't want to do, and they can be aggressive. I have been only once there, and I don't want to go back. They have to change the ppl if they wanna tourism. We have a lot of Hollywood stars here, and they like it, know why? We leave em alone and treat em as regular ppl. Neil Patrick Harris is basically my neighbor for around 10y, and we only spoke few times in last let say 3 because our path are crossed, so I see him a lot. I cannot imagine ppl like him going there, all those ppl would swarm him and try to take pics this and that.

    • @fastmot1on
      @fastmot1on Місяць тому +44

      It's not only tourism, they do business and administration in a similar hostile way. This is why even egyptian branches of EMEA companies never hire Egyptians, the education and work ethics is simply non existent.

    • @rejvaik00
      @rejvaik00 Місяць тому +26

      Egypt is also currently under a dictatorship via El Sisi so it's going to be far harder to attract people to it

    • @EricThyKaiser
      @EricThyKaiser Місяць тому +1

      As the guy above said they are under a terrible dictatorship we will overthrow some day. And what you say is quite rude about egyptians. We are a nice population if you ignore the poor scammers, all you do is ignorem simple as that

    • @Hasanaljadid
      @Hasanaljadid Місяць тому

      ​@@rejvaik00El sisi is very tolarent Leader

    • @Exxperiment626
      @Exxperiment626 Місяць тому +18

      ​@@Hasanaljadid Still a dictator...

  • @jamesg2382
    @jamesg2382 Місяць тому +8

    Love these reports, go deep and go hard. Really interesting, I always learn a lot. Well done as usual.

  • @gulyascredo
    @gulyascredo 29 днів тому +13

    Shirvan's channel is really one of my favorite geopolitical channels. No bullshit, no flashy useless words/images/animations to drag length, no "3 chapters to tell you a topic so cool", no shouting tones that hurt ears; just pure content, pure educated analysis, pure geopolitical facts, knowledge and insights.
    Plus I just visited Azerbaijan last week, finally knew what Sag ol means haha, I should've been more inquisitive.

    • @asalaiman
      @asalaiman 26 днів тому

      I'm from Azerbaijan 😅

  • @GordonSeal
    @GordonSeal Місяць тому +320

    The AI takeover of this channel is disappointing.

    • @ahsanyasin8980
      @ahsanyasin8980 Місяць тому +35

      What?? Just because of an ad? Still better than Raid Shadow Legends.

    • @Grigory108
      @Grigory108 Місяць тому +57

      ​@@ahsanyasin8980 because content is missing. The author, who/whatever he/it is does not tell information. Only
      - a said piece of land is sold for X money because the country is bankrupt.
      That is 2-3 sentences, not a 20+' video

    • @GrandTerr
      @GrandTerr Місяць тому +46

      Yeah the content has become garbage, repetitive and the only original thought is in the cringe quotes

    • @abdulahmed738
      @abdulahmed738 Місяць тому +3

      what ai takeover??

    • @TheAutumnNetwork
      @TheAutumnNetwork Місяць тому +39

      Not a takeover. Dude has just become lazy in the form of efficiency. Usually the endgame of chasing profits for your youtube channel over making quality content.

  • @LuLzick
    @LuLzick Місяць тому +55

    Man, giving power to the military through a coup was such a good idea.

    • @mh4612
      @mh4612 Місяць тому

      Could you elaborate

    • @retf8977
      @retf8977 Місяць тому +18

      No one gave them power, although no one really resisted them either
      It's a lesson that we will not be able to forget

    • @EM-tx3ly
      @EM-tx3ly Місяць тому +2

      Military has stabilized the country but I agree in long run it’s detrimental

    • @lukaswilhelm9290
      @lukaswilhelm9290 Місяць тому

      Egypt always found itself ruled by military dictator like Ptolemy I and the Mamluks.

    • @laststand6420
      @laststand6420 Місяць тому

      Power comes from the barrel of a gun. They didn't give the military their power, the military just took it.
      Most western militaries are highly segmented and have political safeguards precisely to prevent this same type of situation.

  • @revinhatol
    @revinhatol Місяць тому +11

    Basically, both Egypt and the UAE are collaborating on a new city on the Mediterranean coast.

    • @basillah7650
      @basillah7650 28 днів тому

      No eua is building a city for its rich elite to live in as a second home nice and safe away from the poor people eae

  • @user295295
    @user295295 Місяць тому +28

    Egypt has miles of undeveloped coastline along the Mediterreanean and the Red Sea- both in the gulf of Suez and Aquaba.
    Coasline cities areas could attract all sorts of capital from the wealthiest to the poorest.
    Its actually a shame that Egypt couldnt develop it themselves, but should partner with those who can.

    • @oeldesouky
      @oeldesouky Місяць тому +7

      A lot of the coastline along the Mediterreanean is populated with "summer compounds" for the wealthy Egyptian Elite, starting from Alexandria all the way along to Marsa Matruh.

    • @u-3641
      @u-3641 Місяць тому +1

      El Alamein city

    • @Dayvit78
      @Dayvit78 Місяць тому +1

      Sure, but why not closer? Who wants to live 200km out in the middle of nowhere? Oh because everything will be built there? Sure, sure it will...

    • @moorefyre9381
      @moorefyre9381 Місяць тому +2

      I'm in sahil and this is my second time up here. This place is 💯 underdeveloped which is a crazy statement because there is new builds everywhere but no one here. Worth seeing in peak season to see the difference

    • @anthonymanderson7671
      @anthonymanderson7671 Місяць тому

      They can't develop themselves mainly because of their incompetence.

  • @Wildboy789789
    @Wildboy789789 Місяць тому +4

    The UAE is a good actor on the world stage, this is good news

  • @4-SeasonNature
    @4-SeasonNature Місяць тому +3

    We drove past the new City last November. It's taking shape with the major streets and some buildings completed. Some universities have moved in already.

  • @hussammoh3791
    @hussammoh3791 Місяць тому +4

    I still remember when you only had around 1500 subscribers. Well done. I like the early version of background music I hope your used again sometime. Thanks you.

    • @woodcutt3r
      @woodcutt3r Місяць тому

      What is the name of the background music? from 3:47

  • @hotpaprika67
    @hotpaprika67 Місяць тому +33

    UAE is also building a smart city in Budapest Hungary..

    • @salsaniggas8544
      @salsaniggas8544 Місяць тому

      Budapest is already a city, where are they building it ?

    • @hotpaprika67
      @hotpaprika67 Місяць тому

      @@salsaniggas8544 Hungary signed an economic cooperation agreement with the United Arab Emirates on March 14 that paves the way for a €5bn rehabilitation project in Budapest, creating a massive new quarter in the capital.
      The agreement was signed by Minister of Foreign Affairs and Trade Peter Szijjarto and the UAE's Minister of State for Foreign Trade Thani bin Ahmed Al Zeyoudi in Budapest.

    • @zerma6
      @zerma6 Місяць тому +1

      What are you talking about?

    • @hotpaprika67
      @hotpaprika67 Місяць тому +1

      @@zerma6 deleted my earlier comments

  • @z.8919
    @z.8919 29 днів тому +2

    The relationship between the UAE and Egypt isn't a business relationship, UAE has been committed to Egypt since the beginning of its time.
    The UAE & Egypt share a brotherhood relationship, we share the same fate, and our existence is closely tied.
    UAE never ever wants to see Egypt fall like the other neighboring countries, and the UAE is willing to do everything to keep Egypt standing strong.

  • @sultanhaider1176
    @sultanhaider1176 15 днів тому

    I am a subscriber of this channel since it only had few hundred or a thousand subscribers. Seeing it reach over 1.5 million subs makes me feel like a winner like backing a right horse. Well done you deserve all this.

  • @gmanadventurer8892
    @gmanadventurer8892 Місяць тому +4

    It's like UAE is playing SimCity in real life.

  • @tolrem
    @tolrem Місяць тому +4

    I always ask the same question..Where is the fresh water coming from [desalination plants?] and where does the sewerage go? Also where is the electricity coming from?

  • @galt67
    @galt67 29 днів тому

    Outstanding presentation! Especially notable were the 'graphical maps.' Thanks for all you do!

  • @Moribus_Artibus
    @Moribus_Artibus Місяць тому +1

    This was a very savvy episode, it almost felt like a story from antiquity.
    Good job, Shirvan

    • @asalaiman
      @asalaiman 26 днів тому

      Who is Shirvan?

    • @Moribus_Artibus
      @Moribus_Artibus 26 днів тому

      @@asalaiman The speaker and creator of Caspian Report.

  • @christonngoveni8438
    @christonngoveni8438 Місяць тому +15

    Egypt will need to come with good economic policies that generate good earnings for the country to run the country. They cant run on debt forever and running to the gulf for money.

    • @AhmedAllam111
      @AhmedAllam111 Місяць тому +1

      Egypt is doing well😊
      In 2075
      The GDP will be 10.4 trillion dollars in the top 7

    • @retf8977
      @retf8977 Місяць тому +1

      ​@@AhmedAllam111mashy ya 3arص

  • @arailway8809
    @arailway8809 Місяць тому +3

    Beautiful job, Shirvan.
    I suspect the UAE is planning on water and oil development
    in this area, a win-win for both.

  • @G2GROFLOL
    @G2GROFLOL Місяць тому +2

    Great Video!!! Maybe time for a new microphone though :s
    Also the video qualuty seems to be a bit glitchy. Keep that gold standard Caspian team!!

  • @somuchmoney452
    @somuchmoney452 15 днів тому +1

    As an Egyptian myself That investment isn't a surprise.. since the area between alexandria and marsa matruh has seen some development like the new city of Al Alamein and other coastal developments near it that have been a very popular summer vacation and the sand and water there is amazing so it has so much potential.

  • @003mohamud
    @003mohamud Місяць тому +56

    The city being called Ras El Hekma is ironic.

    • @AngelBaby-cp6kf
      @AngelBaby-cp6kf Місяць тому +9

      Why? What does the name mean?

    • @003mohamud
      @003mohamud Місяць тому +65

      @@AngelBaby-cp6kf Ras can mean 'peninsula' or 'head'. El Hekma means 'the wisdom'. So while Ras El Hekma means 'Peninsula of Wisdom' considering it refers to a geographical feature, it can also be read as the 'head of wisdom', which is ironic considering that is something the Egyptian elite are missing due to the bad state of the country.

    • @larsstougaard7097
      @larsstougaard7097 Місяць тому +9

      I think Hekma or Hikma something about wisdom and Ras is head. So a huge risk of a project in Egypt of " The wise Head " 😅

    • @Yaseen0
      @Yaseen0 Місяць тому

      @@larsstougaard7097no see for reference ras el khaima in UAE

    • @retf8977
      @retf8977 Місяць тому +6

      Yeah we joke about it in Egypt

  • @st4849
    @st4849 Місяць тому +36

    In the meantime they'll be losing out on 9bn USD a year due to the out-of-order Suez-Canal - which is 20% of the government's annual income. ...and they feel comfortable to do nothing to stop the commotion.

    • @CaspianReport
      @CaspianReport  Місяць тому +43

      Egypt doesn't have the means to do anything about it.

    • @st4849
      @st4849 Місяць тому +1

      @@CaspianReport That's so bad. Thanks for responding!

    • @umueri1877
      @umueri1877 Місяць тому +2

      What happened to the canal?

    • @rejvaik00
      @rejvaik00 Місяць тому

      ​@@umueri1877it's not considered safe to use anymore as the Houthis in Yemen will attempt to attack anything that transits it
      And no one wants to be the one to take on the Houthis not because they can't defeat them but because of the high cost in material and resources to occupy and deal with the humanitarian crisis in post Houthi controlled Yemen
      So it's kind of a strange W for the Houthis they get to use their poverty as a shield from more powerful nations like the US from directly stopping them
      Instead the US has to defend ships transitioning the Suez canal and and stop Houthi controlled drones worth 20,000$ using rockets and missiles worth millions of dollars
      So the Houthis also get to inflict damage of an economic impact even when they fail

    • @st4849
      @st4849 Місяць тому +9

      @@umueri1877 Houthis scaring ships away

  • @DiaaAhmed
    @DiaaAhmed 26 днів тому +1

    Egypt's strategy isn't just about a single city project. It's a multi-pronged approach, developing new economic zones, industrial hubs, and tourism. This diversification is crucial for sustainable long-term growth and reduced reliance on external factors.

  • @turnleft8645
    @turnleft8645 Місяць тому +11

    As usual, interesting as always Shirvan. Keep it up👍

  • @emrecanarduc4378
    @emrecanarduc4378 Місяць тому +41

    they will build another rich-strata bubble city in the desert ? How many times they will repat this mistake ?

    • @Hasanaljadid
      @Hasanaljadid Місяць тому +16

      Dubai is successful

    • @EEM_4
      @EEM_4 Місяць тому +5

      @@Hasanaljadidbeyond successful

    • @gabbar51ngh
      @gabbar51ngh Місяць тому +8

      It works though. They just need good policies too. Just throwing money won't work.

    • @ThomasD66
      @ThomasD66 Місяць тому

      Dubai has more foreign workers than natives. In this city Egyptians will be the 'guest workers' in their own land, sending their paychecks as remittances back to their families in Cairo.

    • @gideonmele1556
      @gideonmele1556 Місяць тому

      @@Hasanaljadidlooks at the slums of Indian foreign workers to keep a small population in luxury sitting in a desert off of oil money and marketing heavy pampering of tourists

  • @bravobeskov
    @bravobeskov Місяць тому +3

    Excellent as always

    • @davidanalyst671
      @davidanalyst671 Місяць тому

      the music sucks, and the content sounds like an AI. this was a 5 minute video. Where are the details on the city?

  • @AdastraRecordings
    @AdastraRecordings Місяць тому

    Amazing work, thanks for sharing.

  • @salmaahmed7789
    @salmaahmed7789 28 днів тому +1

    also, there is a condition that says, all the workers and engineers will be egyptians. and the north cost in egypt is like heaven, madive of the middle east, it's a win-win situation

  • @Alon_Jak
    @Alon_Jak Місяць тому +4

    Amazing video, as always! Thank you Shirvan! No AI can replace your high quality analysis and videos.

  • @quantummotion
    @quantummotion Місяць тому +4

    Houthi hedge. By having a port controlled by the UAE in the Mediterranean, they can conduct deals, ship/receive goods and bypass the Hourhis shooting at anything passing the Red Sea. I also wonder if the UAE found natural gas in the Med, allowing them to ship to Southern Europe direct. If thats the case and Al-Sisi permits it, there could be very big problems. Regardless, very bold moves by the UAE. Its reminding me of the very active Italian trading states of Venice and Genoa in the late Middle Ages/Early Renaissance period.

  • @mariomenezes1153
    @mariomenezes1153 Місяць тому +1

    Lovely video! Thank you!

  • @here_we_go_again2571
    @here_we_go_again2571 Місяць тому +1

    Thank you Shirvan! I always look forward to your videos. 👍😊
    @ 16:38-9 "Leveling the playing field with Iran" I've got a sneaky suspicion that some of that leveling is going to occur in Yemen!

  • @jolly-rancher
    @jolly-rancher Місяць тому +4

    Egypt is actually over 100 times the size of the UAE if you don't count all the foreign temporary workers, which you shouldn't.

  • @user-rn5ks8sf5x
    @user-rn5ks8sf5x Місяць тому +3

    As you explain it, the deal makes perfect sense. Everyone looking out for their interests. Nothing unusual in that.

  • @carmo0
    @carmo0 Місяць тому +1

    You forgot to mention Al Qattara project that appears to be phase two of this new development. Great video as always Shirvan! 👍

  • @liverpool6058
    @liverpool6058 Місяць тому +1

    For a nation with so much potential, Egypts government keeps scoring own goals.

  • @dariusdareme
    @dariusdareme Місяць тому +41

    As a European, I like that the UAE spend their oil money in the Mediterranean.

    • @srafid2000
      @srafid2000 Місяць тому +17

      UAE is buying influence in Egypt. And I'm happy to see a gulf country buy influence in Egypt rather than a western country.

    • @TENGRI-101
      @TENGRI-101 Місяць тому

      ​@@srafid2000
      They're gonna manage gaza soon.

    • @reemsaif3105
      @reemsaif3105 Місяць тому +1

      When we say uae we really mean the us for military base. You should find a good political reason for it to happen. Good luck

    • @cyclomb
      @cyclomb Місяць тому

      @@srafid2000 lmfao

    • @frederickodiase971
      @frederickodiase971 Місяць тому

      ​@srafid2000 no it's bad. Different management same rule. Same with the western African countries leaving France for Russia. Just a bunch of corrupt people leading their countries to downfall for the sake of short term monetary gains for themselves and leaving their countries to pay for it all.

  • @leobaghirli4630
    @leobaghirli4630 Місяць тому +16

    Shirvan, comments are flooded with people (or bots) giving you negative comments or sometimes calling you a bot, AI or something. You are being targeted my friend.
    Be safe and correct your sound effects, it does sound like AI

  • @maxmorris4562
    @maxmorris4562 Місяць тому +2

    3:58
    Pros 7:03
    Cons 8:50
    Reason 12:28, 13:11

  • @kokop1107
    @kokop1107 Місяць тому +1

    Is it me or did you really work on your accent ant pronunciation? Sounds good man!

  • @AkshanshJha
    @AkshanshJha Місяць тому +63

    I am sure egypt got the plan after watching this video

    • @eyeofthepyramid2596
      @eyeofthepyramid2596 Місяць тому +1

      We are talking about people with big brains - Politicians.

  • @benqurayza7872
    @benqurayza7872 Місяць тому +30

    Fascinating report. The Emiratis have made creative use of their wealth, essentially leasing a piece of Egypt and a strategic location on the Mediterranean. It is ironic that, today, Egypt is almost a failed state: overpopulated and barely governable. In Roman times, it was, with a population of 6 million, a wealthy province of the empire

    • @retf8977
      @retf8977 Місяць тому +1

      Overpopulation is the coathanger that failed third world governments use to shift the blame to their population. Overpopulation is not a thing, the problem is corruption

    • @mznxbcv12345
      @mznxbcv12345 Місяць тому +3

      It wasn't wealthy, Rome's wealth was dependant on it, about a third of the revenue came from Egypt as it was NOT a province, it was personal property.

    • @ThomasD66
      @ThomasD66 Місяць тому +1

      UAE trying to be the world's new Venice.

    • @MrSnip07
      @MrSnip07 Місяць тому +2

      ​@@mznxbcv12345not only that, it basically fed the entire empire

    • @my5092
      @my5092 23 дні тому +1

      Egypt was at its best state in the time of thurmose lll

  • @beathaven3380
    @beathaven3380 Місяць тому +1

    Amazing video

  • @Jondiceful
    @Jondiceful 24 дні тому

    I really liked the music on this episode, but I don't see it listed in the credits. Anyone know what it is from?

  • @EgnachHelton
    @EgnachHelton Місяць тому +4

    Nasser would be rolling in his grave if he were to heard about this 😂

  • @Elongated_Muskrat
    @Elongated_Muskrat Місяць тому +29

    I got a bridge they can buy too, they will have to transport it themselves though.

  • @Lukas4182
    @Lukas4182 Місяць тому

    Often, your videos are just a bunch of stock videos with little real content. But this one was indeed quite informative and with a nice support of graphics and maps

  • @TheLocalLt
    @TheLocalLt 28 днів тому +1

    They control Socotra in the name of their South Yemen client state in Aden, who also have forces there and were certainly not upset.
    The widely-recognized Yemeni Republic may have been upset that they lost control, but they barely control any territory on the mainland (it’s virtually all controlled by either the Southerners or the Houthis) and thus have little sway in the matter.

  • @bogdanb32
    @bogdanb32 Місяць тому +25

    Why do you say that ordinary Egyptians will not benefit from the project?
    Someone needs to do the construction and contracting on the development
    Someone will work all those jobs that will be created there (schools, hospitals, malls, hotels, restaurants etc.)
    The project will add foreign currency in the country
    All the tourists that wii go there will add foreign currency in Egypt
    This is almost "infrastructre stimulus" and it also has a multiplier effect in the economy

    • @yisraelmeirsobel907
      @yisraelmeirsobel907 Місяць тому +8

      Not to mention that once you build the place, it is easier to connect more suburbs to it.

    • @Hans_Peterson
      @Hans_Peterson Місяць тому +1

      If you have tourist wanting a Dubai like experience, why would they not just go to Dubai? What is going to draw them to a Dubai copy cat city in Egypt away from all the things tourist generally want to see in Egypt? Additionally, If you do think this type of city is viable and if there are political and economic roadblocks for this type of development to take place without the assistance of the UAE, then would it not make more sense to reform Egypt’s economic and political policies and structure to allow for more economic growth and for such development to be able to occur organically?

    • @lastword8783
      @lastword8783 Місяць тому +2

      @@Hans_Petersonthat doesnt make any sense. If people like going to a dubai like city, they will go to a dubai like city in Egypt.

    • @Hans_Peterson
      @Hans_Peterson Місяць тому

      @@lastword8783 I think Dubai occupies a pretty niche economy that to me seems pretty comparable to a city like Las Vegas - both of them develop cheap desert land into hotels, shopping malls and entertainment venues in combination with loosened restrictions on various behaviors normally not permitted in their respective cultures. It probably wouldn’t make sense if say Phoenix tried to be a copy cat city of Las Vegas, they would probably either not be able to over come Las Vegas’s first mover advantage to attract those types of tourist, or they would split that tourist market and be worse off than if they had tried to find their own economic niche to occupy. Phoenix today does have a healthy tourist market, but the people going to 5 star self improvement meditation resorts in the Mojave desert aren’t the same type of tourist that are wanting to go to Las Vegas to gamble and go to night clubs.

    • @ahmed4100
      @ahmed4100 Місяць тому +2

      @@Hans_Petersonthis is probably the best coast in the world, truly. But yea definitely the bigger proper change would be structural reforms in egypt as a whole to make investments easier. But hey maybe after this is a success the gov realizes WHY its a success

  • @BenschiVids
    @BenschiVids Місяць тому +4

    I find it baffling that you're trying to compare this development in terms of "resource-less potential" with Singapore. Singapore is at the neck of one of the worlds most important shipping route. Of course that will turn it into an important place that doesn't need resources to be valuable. But in Egypt, so far from major trade routes, without oil or gas fields in the immediate vicinity, I fail to see how that can compare.

    • @the55squad
      @the55squad Місяць тому +2

      Egypt literally controls the suez canal.

    • @GwynCann
      @GwynCann Місяць тому

      "Egypt, so far from major trade routes"??!! Egypt CONTROLS the quickest route between Europe and Asia -- the Suez Canal. BenschiVids gets three upvote for that kind of analysis?

    • @lmnop286
      @lmnop286 Місяць тому

      Doesn't Egypt own the suez canal? The fastest ocean route between Asia and Europe?

    • @BenschiVids
      @BenschiVids Місяць тому +1

      @@lmnop286 yes it does, but that is quite far from the place talked in the video

  • @asha802
    @asha802 29 днів тому +1

    Relying on tourism is a mistake for any country. This combination of low tech manufacturing and over reliance on tourism can never bring wealth to a country as big as Egypt.

  • @blueguy5588
    @blueguy5588 Місяць тому +2

    Even if the UAE is making a move at expanding its sphere of influence in the Near East, this is a strong move for Egypt. The country needs money and has pawned off virtually unused territory. Even if there are challenges to Egyptian sovereignty, which isn’t in the UAE’s immediate interest, they can deal with that later when their negotiating position is stronger. As Machiavelli says, never be a fencesitter.

  • @01FNG
    @01FNG Місяць тому +3

    It's very funny how western "critics" see multipolar cooperation and feel threatened.

  • @UncleJoeLITE
    @UncleJoeLITE Місяць тому +43

    Hang on! Isn't 'InVideo AI' the REAL Trojan Horse in this video???
    _edit: your own accent would sound "human like" to many USAers._

    • @larsstougaard7097
      @larsstougaard7097 Місяць тому +2

      Ha ha exactly you have to dive deep into this matrix to find the truth and the horse

  • @rhobot75
    @rhobot75 Місяць тому

    Interesting. Thank you.

  • @FlakeSE
    @FlakeSE Місяць тому

    I think you hit the nail on the head with the Timeshare comparison. The location of the city is not that much farther north than Dubai but the climate is a lot less harsh in the height of summer, also a good place to park a yacht in the med.

  • @williamhenry8914
    @williamhenry8914 Місяць тому +36

    UAE would have to be insane to take this deal. Criminals have no recourse to the law.

    • @ibrahima222
      @ibrahima222 Місяць тому +5

      Who is the criminal here exactly?

    • @MoonDude02
      @MoonDude02 Місяць тому +3

      Well, the UAE has a militia in sudan that can threaten egypt south boarder or water supply, so it might be used.

    • @williamhenry8914
      @williamhenry8914 Місяць тому +3

      @@ibrahima222 both of them

    • @dasdas7434
      @dasdas7434 Місяць тому +6

      @@MoonDude02 then you don't know how much these 2 nations actually love each other.

    • @yousseftalal4520
      @yousseftalal4520 Місяць тому

      @@dasdas7434 you are crazy to think we love each other, uae only seek its benefits and the clown dictator of ours is giving them what they want

  • @abdullahdaniyal114
    @abdullahdaniyal114 Місяць тому +8

    Shirvan, I have a suggestion: Please make a series on Cold War in the Muslim World.

  • @banna314
    @banna314 Місяць тому +1

    as Egyptian (in such an unfortunate time) I don't agree with the analysis starting from 11:42 , the Egyptian Emarati "alliance" is not a grand strategic geopolitical block as you hypothesize, on a wider scale Egypt and UAE disagree more than ally,;
    - Egypt clearly supports the opposite side in Sudan's war,
    - it technically stands on equal distance from Saudi Arabia and UAE in most cases (depends just on who is paying more atm).
    - the Egyptian military disagrees with the closening ties between Israel and UAE (since it limits the egyptian influence and the "security only cooperation" status quo that the egyptians have been keeping the last decades).
    - And most importantly; UAE is one of the main supporters of Ethiopea's GERD which makes UAE technically flanking Egypt not Saudia.
    If there is a geopolitical block for UAE it actually makes more sense to be UAE & Israel (all their policies align on the grand scheme of things and their interests do not contradict)

  • @Zei33
    @Zei33 Місяць тому

    I’m completely taken by the concept from the title. It was definitely the perfect title to get me to quick.

  • @Bokoyo
    @Bokoyo Місяць тому +12

    Eid Mubarak ☪️

    • @SuhbanIo
      @SuhbanIo Місяць тому +2

      eid mubarak

  • @-umph
    @-umph Місяць тому +6

    Don't advertise that AI spam stuff dude.

    • @mike_tw3876
      @mike_tw3876 Місяць тому

      He already uses it for his videos

  • @0sergo
    @0sergo 25 днів тому +1

    Okay so for a start the north west area of Egypt's Mediterranean coast isn't deserted, as someone living in Egypt and works in the real estate industry, that area has a very old city called Marsa Matrouh that been living for decades and has one of the most beautiful seawater in the globe.
    Between Marsa Matrouh and all the way to the end of Ras El Hekma there is so many Egyptian powered development exiting and even more under construction that sum to more than 15K acres along the shore of the Mediterranean sea.
    Secondly The area of Ras El Hekma has had very small developments since King Farouk in the 1940's and has been recognized since then as a beautiful spot with beautiful sea waters and beautiful white sands, so there has always been the concept of transforming it at some point to be one of the most attractive tourism hot spots amongst all the countries and cities overlooking the Mediterranean Sea.
    Lastly it really gets on my nerves how you pronounce Emirates!

  • @goodwinphotoartgiclee9514
    @goodwinphotoartgiclee9514 Місяць тому

    Excellent report.

  • @Arnisho
    @Arnisho Місяць тому +18

    lets hope this isnt AI generated like his last video

  • @The2ndBionicman
    @The2ndBionicman Місяць тому +8

    Everyone in the comments is saying he's going to lose his channel to AI, but, while AI has made great strides, there is no way it could make this kind of video without Caspian Report holding its hand. And I think he knows it and is not threatened by it.

    • @basillah7650
      @basillah7650 28 днів тому +1

      Ai just a auto reader because people to lazy to talk or read themselves.

  • @gabrielfuret4852
    @gabrielfuret4852 Місяць тому +2

    great video

  • @ahmedhany7035
    @ahmedhany7035 Місяць тому +2

    15:30 Cairo already has better seats at the Turkish banquet, Egypt is already home to eastern Mediterranean gas forum which helped forming alliance with Greece and Cyprus for future natural gas and electricity connections, forcing Turkey to withdraw its forces from Libya and renegotiate with Egypt and Greece in the eastern Mediterranean

  • @NadaM.A
    @NadaM.A Місяць тому +10

    That is not the truth
    Egypt never sell land to anyone
    Those are investments between 2 countries

    • @snarktips4667
      @snarktips4667 Місяць тому +2

      This is a propaganda channel run by a Azerbaijani..

  • @AMen-yw9cr
    @AMen-yw9cr Місяць тому +6

    "To divide a cake in such a way, that everyone thinks they have the biggest piece"

  • @SimpleGeopolitics24
    @SimpleGeopolitics24 Місяць тому +1

    Really interesting

  • @gabrielresponse
    @gabrielresponse 29 днів тому

    Does anyone have a clue of the music he has playing throughout the video? It feels so good.

  • @leanmixture
    @leanmixture Місяць тому +7

    Wow 90% baloney covered by 10% truth. BTW I’m an Egyptian from the north coast of Egypt 50km away from ras al hekma. Do yourself a favor and don’t watch videos like that.

  • @RIKOXOLO
    @RIKOXOLO Місяць тому +44

    Anytime UAE puts itself into another country I then feel sorry for that country. Never trust UAE.

    • @SamSelim
      @SamSelim Місяць тому +7

      Exactly

    • @khalidalkaabi7933
      @khalidalkaabi7933 28 днів тому +1

      You don’t have anything proven the misleading information what you claim but in other hand UAE works hard to establish wonderful projects around the world and help many people worldwide

    • @SamSelim
      @SamSelim 28 днів тому

      @@khalidalkaabi7933 Actually, I lived in the UAE for over 20 years and worked in multiple government departments. Never trust UAE.

    • @sweetpopcorn9579
      @sweetpopcorn9579 26 днів тому +1

      Ok westerner

  • @gf-ec7mv
    @gf-ec7mv 28 днів тому

    Fazza again you show just how brilliant and amazingly creative Man...!!

  • @Offe2246
    @Offe2246 28 днів тому

    It's a BIG video thank you

  • @TheWrongAbdulla
    @TheWrongAbdulla Місяць тому +16

    Okay why do you think it’s pronounced EmiraTHI? I’ve never heard anyone else pronounce it like that. It’s Emirati « Tea »

    • @linusfotograf
      @linusfotograf Місяць тому +5

      He does this with many words that include T

    • @ahmed4100
      @ahmed4100 Місяць тому

      He’s Indian

    • @basillah7650
      @basillah7650 28 днів тому

      @@ahmed4100 its an ai autoreader

  • @tyy123
    @tyy123 Місяць тому +7

    It’s beautiful how explained this project with a look at the grand scheme, but you seemed to miss Israel in the equation.

    • @ahmed4100
      @ahmed4100 Місяць тому

      Irrelevant Zionists

  • @Poske_Ygo
    @Poske_Ygo Місяць тому +1

    @CaspianReport I have to downvote this because you didn't mention proximity to Qattara depression... Obviously owning a piece of land where most canals / tunnels were suggested for flooding the qattara is broken OP move...That city is one of the best places in the entire world to buy land.