 | This article relies largely or entirely on a single source. (May 2021) |
Infitah (Arabic: انفتاح infitāḥ, IPA: [enfeˈtæːħ] "openness") or Law 43 of 1974 was Egyptian President Anwar Sadat's policy of "opening the door" to private investment in Egypt in the years following 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. The Egyptian Army's crossing across the Suez canal in the October 1973 Yom Kippur War, which, despite Egypt's eventual defeat, was seen by many as a political victory for its initial successes[1] and gave Sadat the prestige to initiate a major reversal of Gamal Abdel Nasser's policies.
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- ^ Loyola, Mario (7 October 2013). "How We Used to Do It – American diplomacy in the Yom Kippur War". National Review. p. 1. Retrieved 2 December 2013.