Egypt achieves record primary budget surplus of EGP 629bn despite sharp fall in Suez Canal revenues    Escalation in Gaza, West Bank as Israeli strikes continue amid mounting international criticism    Egypt recovers collection of ancient artefacts from Netherlands    Resumption of production at El Nasr marks strategic step towards localising automotive industry: El-Shimy    Egypt harvests 315,000 cubic metres of rainwater in Sinai as part of flash flood protection measures    Egypt, UNDP discuss outcomes of joint projects, future environmental cooperation    United Bank achieves EGP 1.51bn net profit in H1 2025, up 26.9% year-on-year    After Putin summit, Trump says peace deal is best way to end Ukraine war    Jordan condemns Israeli PM remarks on 'Greater Israel'    Egypt's Supreme Energy Council reviews power supply plans for 14 industrial projects    Egypt, Namibia explore closer pharmaceutical cooperation    Fitch Ratings: ASEAN Islamic finance set to surpass $1t by 2026-end    Renowned Egyptian novelist Sonallah Ibrahim dies at 88    Egypt's FM discusses Gaza, bilateral ties in calls with Saudi, South African counterparts    Egypt prepares to tackle seasonal air pollution in Nile Delta    Egyptian, Ugandan Presidents open business forum to boost trade    Al-Sisi says any party thinking Egypt will neglect water rights is 'completely mistaken'    Egypt's Sisi, Uganda's Museveni discuss boosting ties    Egypt's Sisi warns against unilateral Nile measures, reaffirms Egypt's water security stance    Egyptian pound closes high vs. USD on Tuesday – CBE    Egypt, Colombia discuss medical support for Palestinians injured in Gaza    Egypt, Huawei explore healthcare digital transformation cooperation    Egypt's Sisi, Sudan's Idris discuss strategic ties, stability    Egypt's govt. issues licensing controls for used cooking oil activities    Egypt to inaugurate Grand Egyptian Museum on 1 November    Egypt's Sisi: Egypt is gateway for aid to Gaza, not displacement    Greco-Roman rock-cut tombs unearthed in Egypt's Aswan    Egypt reveals heritage e-training portal    Sisi launches new support initiative for families of war, terrorism victims    Egypt expands e-ticketing to 110 heritage sites, adds self-service kiosks at Saqqara    Palm Hills Squash Open debuts with 48 international stars, $250,000 prize pool    On Sport to broadcast Pan Arab Golf Championship for Juniors and Ladies in Egypt    Golf Festival in Cairo to mark Arab Golf Federation's 50th anniversary    Germany among EU's priciest labour markets – official data    Paris Olympic gold '24 medals hit record value    A minute of silence for Egyptian sports    Russia says it's in sync with US, China, Pakistan on Taliban    It's a bit frustrating to draw at home: Real Madrid keeper after Villarreal game    Shoukry reviews with Guterres Egypt's efforts to achieve SDGs, promote human rights    Sudan says countries must cooperate on vaccines    Johnson & Johnson: Second shot boosts antibodies and protection against COVID-19    Egypt to tax bloggers, YouTubers    Egypt's FM asserts importance of stability in Libya, holding elections as scheduled    We mustn't lose touch: Muller after Bayern win in Bundesliga    Egypt records 36 new deaths from Covid-19, highest since mid June    Egypt sells $3 bln US-dollar dominated eurobonds    Gamal Hanafy's ceramic exhibition at Gezira Arts Centre is a must go    Italian Institute Director Davide Scalmani presents activities of the Cairo Institute for ITALIANA.IT platform    







Thank you for reporting!
This image will be automatically disabled when it gets reported by several people.



Egypt sees boom in military manufacturing
Published in Daily News Egypt on 11 - 03 - 2018

Many have called for the development of Egypt's weapons arsenal because powerful nations live in peace. Calls for the development of armament remained neglected by the state, which argued that times of war have ended.
In previous years, the Middle East witnessed a number of wars and conflicts not witnessed since the October War of 1973. During this period, Egypt's political leadership signed a large number of arms deals and even resumed local arms manufacturing.
Daily News Egypt sheds light on the most important Egyptian arms deals since 2012.
In 2012, Egypt signed a deal with Germany to buy four Type 209/1400 mod-class submarines, of which two have already been delivered to Egypt at a cost of €920m.
In 2014, Egypt signed agreements for Russian arms worth $3.5bn during President Abdel Fatah Al-Sisi's visit to Russia. The deal included the S-300VM (Antey-2500) anti-ballistic missile system worth $500m, S-300 missiles, Mikoyan MiG-29 aircraft, Sukhoi Su-30 fighter aircraft, rocket-propelled grenades (RPG), and T-90 tanks.
In the same year, Egypt bought submarine equipment worth €22.7m, extending military cooperation with China, France, and other countries.
The year 2015 witnessed a real breakthrough in the development of the Egyptian arsenal, with research centres calling it the "year of armament".
During this year, Egypt signed nine arms deals with Russia. In addition, Moscow granted Cairo P-32 Molniya-class missile boat as part of the military cooperation between the two countries. The new vessel participated in the opening ceremony of the New Suez Canal within the Egyptian Navy.
Meanwhile, Egypt concluded three weapons deals with France worth $1.1bn, notably the purchase of 24 Rafale fighter jets and two Mistral-class amphibious assault ships.
France also vowed to aid in upgrading Mirage 2000 and Mirage 5 aircraft obtained by the Egyptian Armed Forces previously, as well as providing air navigation and radar equipment in a deal estimated at $2.5bn.
Regarding American arms deals, Egypt received defensive weapons and spare parts of other weapons, the most important of which were the M1A1 Abrams tanks, 10 Apache helicopters, F-16 aircraft—the deal for which was suspended in 2013—and mobile surveillance systems.


Clic here to read the story from its source.