Infitah
Sign in to savethumb|316x316px|Henry Kissinger with Anwar Sadat, 1975 Infitah (, , ), or Law 43 of 1974, was Egyptian president Anwar Sadat's policy of "opening the door" to private investment in Egypt in the years after the 1973 October War (Yom Kippur War) with Israel. Infitah was accompanied by a break with longtime ally and aid-giver the USSR—which was replaced by the United States—and by a peace process with Israel, symbolized by Sadat's dramatic flight to Jerusalem in 1977. Infitah ended the domination of Egypt's economy by the public sector and encouraged both domestic and foreign investment in the pr
Article
5 sectionsContents
- Overview
- Shortcomings
- See also
- Notes
- External links
thumb|316x316px|Henry Kissinger with Anwar Sadat, 1975 Infitah (, , ), or Law 43 of 1974, was Egyptian president Anwar Sadat's policy of "opening the door" to private investment in Egypt in the years after the 1973 October War (Yom Kippur War) with Israel. Infitah was accompanied by a break with longtime ally and aid-giver the USSR—which was replaced by the United States—and by a peace process with Israel, symbolized by Sadat's dramatic flight to Jerusalem in 1977. Infitah ended the domination of Egypt's economy by the public sector and encouraged both domestic and foreign investment in the private sector. Infitah was later adopted by other countries in the 1970s and 1980s.
The Egyptian Army crossed the Suez canal in the October 1973 Yom Kippur War. Despite the inconclusive outcome, many saw the crossing as a political victory for its initial successes. It gave Sadat the prestige to initiate a major reversal of Gamal Abdel Nasser's policies.