CAIRO: “Egypt contracts annually to buy arms and ammunition at a cost of between 150 and 200 billion EGP,” said President Abdel Fatah al-Sisi Thursday at the inauguration of a group of military factories for producing silencers, radiators, and rubber products.
Egypt has contracted with Russia, France to buy arms over the past two years; Russian news agencies reported in March that Moscow would send Cairo an Antey-2500 anti-ballistic missile system and training for more than $1 billion in 2016. In February, Egypt signed contracts to buy Rafale fighter aircraft from France.
Sisi also opened a factory for producing armored vehicles and another factory for tank carriers.
In his remarks, Sisi highlighted the youth’s role, particularly fresh military graduates, encouraging both the military and government sectors to cooperate with each other for developing and increasing production rates, according to a statement from the presidential office.