Victory and Revival The 1973 October War opened the door to peace. It was also catalytic to regaining occupied lands. On March 26, 1979, a Treaty of Peace was signed between Egypt and Israel which culminated in the liberation of the whole of Sinai on April 25, 1982. Although the shift in the economy's swing in Egypt began in 1974, it was 1982 which marked a watershed in the country's modern economy. A real confrontation of the problems of economic development had kicked off. To have the dossier of war brought to a close triggered a rearrangement of national priorities, the goal of which changed from the liberation of land since the 1967 setback to rebuilding the society and improving the people's standard of living since 1982. |