Wednesday, 16 February 2011

Egypt Generals Running Day Care Adds Profit Motive to Political Transition - Bloomberg

Egypt Generals Running Child Care Transition Profit Motive

The Egyptian military, which promises to steer the nation to a new democratic future after the resignation of President Hosni Mubarak , has its own economic interests to protect as well. Photographer: Marco Longari/AFP/Getty Images

The Egyptian military, which promises to steer the nation to a new democratic future after the resignation of President Hosni Mubarak, has its own economic interests to protect as well.

The armed forces have a substantial stake in the civilian economy through a host of government-owned service and manufacturing companies, at least 14 of them under the auspices of the Ministry of Military Production. Their websiteslist product lines that include civilian goods.

Military-run companies are in such businesses as janitorial services, household appliances, pest control and catering. El Nasr Company for Services and Maintenance, for instance, has 7,750 employees in such sectors as child care, automobile repair and hotel administration, according to its website. Other military companies produce small arms, tank shells and explosives -- as well as exercise equipment and fire engines.

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