For Egyptian President Abdel Fattah el-Sissi, the timing was perfect. The start of his third term as president coincided with a bonanza for his country.

When he was sworn in on Tuesday, el-Sissi promised "to adopt strategies that maximize Egypt's economic capabilities and resources, and enhance the solidity and resilience of the Egyptian economy in the face of crises, while achieving strong, sustainable and balanced economic growth."

Such strategies, however, have only become feasible thanks to a recent influx of international investment.

In February, the United Arab Emirates announced a $35 billion (€32.2 billion) investment to build a new tourism resort on Egypt's Mediterranean coast.

In March, the European Union entered a strategic partnership with Egypt worth $8 billion to reinforce Egypt's stability and to boost counter-migration efforts.

The same month, the International Monetary Fund (IMF) increased an existing funding deal of $3 billion to $8 billion.

Prior to these investments, el-Sissi would likely have had to scale back the lofty promises of his inauguration speech. Egypt's financial situation was dire: the country's public debt was close to 100% of GDP, a severe shortage of foreign currency reserves had left the indebted state strapped for........

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