By purchasing 30 aircraft in France, Cairo should spend 3.95 billion euros to complete its fleet. This amount will be guaranteed by the French government at 85%.
Dassault’s gusts confirmed its export success. On the morning of Tuesday, May 4, the Egyptian Ministry of Defense stated: “Egypt and France have signed a contract for the supply of 30 Rafale aircraft.” In France, the Minister of the Armed Forces confirmed the announcement on Tuesday morning. This is the enlightenment of the French investigative media on this contract. disclose. The total amount of the sale is 3.95 billion euros and will be funded through a ten-year loan.
On Monday night, French sources were still very cautious and still limited to mentioning “Have a very deep discussion with Egypt”, Aircraft manufacturer Dassault (Dassault) did not comment on this information. The leak appeared to be deliberately sabotaging the deal because the country is often criticized for human rights violations.
according to discloseThe Egyptian delegation is expected to publish the financial aspects of the transaction at the Paris Ministry of Economy and Finance on Tuesday, which includes several contracts: the sale of 30 Rafale aircraft for 3.75 billion euros, and a partnership with MBDA missiles and Safran Electronics Ministry of Defence, the amount is 200 million euros.
The poor economic situation in Egypt forced the country to shoulder debts to purchase the equipment. This is the last point and must still be completed before the announcement of the contract originally signed on April 26. If the terms of the agreement remain unchanged, Paris should guarantee 85% of the total amount of deposits to French banking institutions such as the French Agricultural Bank, Societe Generale and China Investment Corporation.
From France to Egypt, this market is the second of its kind. In February 2015, Egyptian President Abdel Fattah Al-Sisi has ordered 24 Rafale. Therefore, it is the first country to open the door to export Dassault fighter jets, and this equipment is often difficult to position itself abroad to resist American aircraft. Since then, Egypt is followed closely by Qatar (24 Rafale in 2015), India (36 aircraft in 2016) and Greece (6 new aircraft and 12 used aircraft in January).
The order is less than two years after the delivery of the last Rafale. In any case, it shows that Egypt is truly eager to obtain military resources, and its regional security environment has once again been subverted. Concerns that are in the interests of Paris involve the “strategic lock” of the African continent. In March, Bernard Emié, the director general in charge of external security affairs, visited Cairo in this capacity.
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