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The military owns 51 percent of a firm that is developing a new $45 billion capital city 75 kilometers east of Cairo. Another military-owned company is building Egypt's biggest cement plant.Figures from the Military Production Ministry – one of three main bodies that oversee military firms – show that revenues at its firms are rising sharply.The Military Production Ministry is projecting that operating revenues from its 20 firms will reach 15 billion Egyptian pounds in 2018/2019, five times higher than in 2013/2014, according to a ministry chart.The chairman of one firm that falls under the Military Production Ministry, Maj.Cargoes sent to military companies do not have to be inspected.
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