The French Ministry of Defense said that Egypt has reached an agreement with France to purchase 30 Rafale fighter jets. The investigative news website Disclose estimates the value of the order at 3.75 billion euros. These aircraft are also supplied to Croatia.
The Egyptian Ministry of Defense announced that it will use a loan to repay the funds of the French Dassault Aircraft Company. The loan will be repaid for at least 10 years, but it did not disclose the value of the order or other details.
The disclosure website quoted confidential documents saying that the agreement was reached in late April and may be signed during the Egyptian delegation’s visit to Paris today.
The disclosure stated that the financing of the transaction will be guaranteed by the French government up to 85%, and BNP Paribas, Crédit Agricole, Societe Generale and China Investment Corporation (which also provided funds for the initial agreement) will again be included.
The bank did not immediately comment on this information.
If an agreement is reached, the deal will be completed immediately after Dassault completes an agreement to sell 18 gusts to Greece for 2.5 billion euros in January.
According to reports, the agreement with Egypt also covers the contracts of MBDA missile suppliers and Safran Electronics and defense equipment suppliers, which are worth an additional 200 million euros.
Information on the value of these orders has not been immediately commented in the French Ministry of Finance, Foreign Affairs and Armed Forces.
France was Egypt’s main weapon supplier from 2013 to 2017, and it delivered 24 fighters, with the option to deliver 12 more. These contracts have expired, and negotiations to purchase more Rafales and warships have been completed.
Diplomats interpreted this result as worrying that Cairo would not be able to repay the state-guaranteed debt, rather than worrying about Paris’ concerns about the human rights situation in Egypt.
Benedicte Jeannerod, director of the French Human Rights Observatory, immediately condemned the new Fa-Egypt agreement.
“By signing a large arms agreement with (President Abdul Fatah) Assisi government, Assisi’s presidency marked Egypt’s worst repression in decades, the destruction of the human rights community (rights activists), and the During the extremely serious human rights violations, France used anti-terrorism as an excuse and only encouraged Ruck to suppress it.
French President Emmanuel Macron said in December that the sale of weapons to Egypt would not restrict human rights because he did not want to weaken Cairo’s ability to fight terrorism in the region. Reuters pointed out that his comments angered critics.
The activists accused the French president of turning a blind eye to the fact that the Sisi government is increasingly violating civil liberties.
French officials rejected these allegations, arguing that Paris’s political strategy is not to publicly criticize the violations of human rights by other countries, so that in individual cases it can be more effective behind closed doors.