EXCLUSIVE: The Emirati plan for ruling Egypt [View all]

[Jefferson23]

11/21/2015

A strategy document, seen by MEE, spells out Mohammed bin Zayed’s frustration with Sisi

A top-secret strategy document prepared for Abu Dhabi Crown Prince Mohammed bin Zayed al-Nahyan reveals that the United Arab Emirates is losing faith in the ability of Egypt's President Abdel Fattah al-Sisi to serve the Gulf state’s interests.

The document, prepared by one of Bin Zayed’s team and dated 12 October, contains two key quotes which describe the frustration bin Zayed feels about Sisi, whose military coup the Crown Prince bankrolled, pouring in billions of dollars along with Saudi Arabia. It says: “This guy needs to know that I am not an ATM machine.” Further on, it also reveals the political price the Emiratis will exact if they continue to fund Egypt.

Future strategy should be based on not just attempting to influence the government in Egypt but to control it. It is summarised thus: “Now I will give but under my conditions. If I give, I rule.”

Egypt, which has recently tried to stem a run on the Egyptian pound, is heavily dependent on cash from the Emirates, which have become the largest foreign direct investor. At an economic conference in Sharm el-Sheikh in March, the prime minister of the UAE and ruler of Dubai, Sheik Mohammed bin Rashid al-Maktoum, revealed the UAE had already given Egypt $13.9bn and he pledged $3.9bn more. The real amount of aid Sisi got from the Emiratis is thought by analysts to be closer to $25bn, around half of the total Gulf aid to Egypt.
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