This paper examines how the regime of Abdel-Fattah Al-Sisi has sought to re-erect the façade of competitive politics in Egypt since the coup of July 3, 2013 and the collapse of relatively free electoral politics that followed the downfall of Hosni Mubarak in 2011. Specifically, it examines the rise and evolution of regime-allied political parties, with a focus on the experience of Mustaqbal Watan. The paper situates the party’s origins in the regime’s struggle to manage its diverse set of political allies and contain conflict among them, especially in parliamentary life. It argues that the party’s development mirrors a process by which the ruling establishment has sought to forge a partnership between political and business families once allied with the Mubarak regime, intelligence agencies-tied interests, as well as coopted members of the youth movements that rose to the surface in the wake of Mubarak’s downfall. It shows how “youth empowerment” has provided a convenient framework for bringing these diverse interests together under a single organizational umbrella. Despite the growing profile and role of Mustaqbal Watan, the ability of the party to develop into a meaningful civilian ruling party akin to Mubarak’s NDP is limited by a number of factors. Notable among them is the prevalence of personalist and populist sensibilities in Sisi’s approach to governing, as well as the domineering role played by intelligence agencies in managing partisan politics. The paper’s findings inform broader theoretical discussions on the workings and limitations of state-managed political competition under military regimes.