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During the Nasser era, it took over land reform and distribution, flourished in higher education, and the government supported national industries. Technician A Person Who Fixes Stuff You Can’t shirt. In the 1960s, the Egyptian economy went from slowly to the brink of collapse, society became less liberal, and Nasser's reputation declined significantly. In 1970, President Nasser died and his successor, Anwar Sadat, moved Egypt from the pro-Soviet body to the United States. He launched the Infitah economic reform policy, while restraining the force of religious and secular opposition. In 1973, Egypt and Syria launched the October War, suddenly attacking Israel in order to regain the Sinai Peninsula. After that, Egypt regained Sinai in exchange for peace with Israel in 1979. [38] The highly controversial event in the Arab world caused Egypt to be expelled from the Arab League. [39] In 1975, Sadat changed Nasser's economic policies and sought to reduce government regulations and encourage foreign investment through the Infitah program. This policy has incentives such as reducing taxes and import tariffs, helping to attract some investors, but mainly focusing on less risky and lucrative areas such as tourism and construction, making the industry the fledgling of Egypt was abandoned. [40] Sadat was assassinated by an extremist Muslim in 1981.

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