Water resources management in modern Egypt water management in Egypt begins with the construction of the Old Aswan Dam in 1902 and barrages on the Nile in the 19th and early 20th century. The Old Aswan Dam partially stored the waters of the Nile to allow the growing of multiple crops per year in the Nile Delta, while the barrages raised the water level of the Nile so that water could be diverted into large irrigation channels running in parallel to the river. The water regime of the river was changed fundamentally in 1970 when the Aswan High Dam was completed, eliminating the annual Nile flood.
Aswan Dam that time the U.S. feared that communism would spread to the Middle East, and it saw Nasser as a natural leader of an anticommunist procapitalist Arab League. America and Britain offered to help finance construction of the High Dam, with a loan of $270 million, in return for Nasser's leadership in resolving the Arab-Israeli conflict. While opposed to communism, capitalism, and imperialism, Nasser presented himself as a tactical neutralist, and sought to work with both the U.S. and the USSR for Egyptian and Arab benefit. After a particularly criticized raid by Israel against Egyptian forces in Gaza in 1955, Nasser