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Egypt's purchase of French jets financed 'by French loan'

Egyptian president said €3.2 billion of the €5.2 billion cost of buying France's Rafale fighter planes came from French government loan.

La rédaction de Mediapart

1 March 2015 à 10h06

This article is freely available.

The French government loaned Egypt 3.2 billion euros to finance the recent multibillion-euro purchase of French military equipment, Egypt's president Abdel Fattah al-Sisi said in an interview on al-Arabiya TV on Saturday, reports Reuters.

Egypt signed an agreement this month to buy 5.2 billion euros worth of French weapons, including 24 Rafale combat jets made by Dassault Aviation, a multi-mission naval frigate, and air-to-air missiles.

"The last equipment we got from France was with a French loan worth 3.2 billion euros and this loan was extended from the French government," President Abdel Fatatah al-Sisi said in the interview.

Read more of this report from Reuters.

La rédaction de Mediapart

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