Aswan Dam Abdel Nasser. The Free Officers were convinced that the Nile Waters had to be stored in Egypt for political reasons, and within two months, the plan of Daninos was accepted. Initially, both the United States and the USSR were interested in helping the development of the dam, but this movement happened in the midst of the Cold War, as well as of growing intra-Arab rivalries. In 1955, Nasser was trying to portray himself as the leader of Arab nationalism, in opposition to the traditional monarchies, especially the Hashemite Kingdom of Iraq following its signing of the 1955 Baghdad Pact. At
Aswan Dam support. Although Dulles believed that Nasser was only bluffing and that the USSR would not aid Nasser, he was wrong— the USSR promised Nasser a quantity of arms in exchange for a deferred payment of Egyptian grain and cotton. On 27 September 1955, Nasser announced an arms deal, with Czechoslovakia acting as a middleman for the Soviet support. Instead of attacking Nasser for turning to the Soviets, Dulles sought to improve relations with him. This explains the later offer of December 1955, in which the U.S. and Britain pledged $56 and $14 million respectively towards the construction of the dam.