An important article by Maria Golia on land in Egypt, covering the loss of agricultural land to real estate speculation; the dearth of affordable housing; and the looting of heritage sites.
In Egypt, land is power. The military is the largest landowner, and the Mubarak regime’s undoing was partly owed to sweetheart deals for choice locations, particularly on Egypt’s coasts. Large tracts of land that might have been developed as new towns or institutions serving the public instead enriched a handful of real estate investors interested primarily in upscale tourism or residential compounds. The Egyptian Centre for Housing Rights (ESCR), an NGO, reports that a minority elite, around 250,000 families, typically owns several residences including a seaside villa or two, while 18 percent of Egypt’s lesser privileged families share a single room.