Egypt: Talks with France over €5bn submarine deal amid country’s dire economic crisis

[TR_123456]

The Egyptian government is on talks over purchase of €5bn worth of Naval Group Barracuda-class submarines from France​

Egypt’s Abdel Fattah al-Sisi wants to buy up to six Barracuda-class submarines from Naval Group, the European naval defence leader of which the French state owns 62%.

However, France is dragging its heels on what would be a more than €5bn contract, according to Africa Intelligence.

Rassd News Network on its Twitter account published a tweet speaking about “Details of the French submarine deal that Sisi seeks to buy worth 5 billion euros. Rassd News Network attached a videograph explaining details of the deal, as follows:

Despite the economic crisis in Egypt, the Sisi regime is seeking to buy submarines loaded with cruise missiles worth billions of euros from French companies.

According to the Africa Intelligence website, negotiations began in February 2022, and that the Egyptian navy wanted to equip the submarines with cruise missiles for an additional one billion euros.

However, France is stalling on the deal due to several concerns, most notably:

– The reactions of neighboring countries, as the French Defense Minister opposes the deal because of his fear that it will contribute to destabilizing the Mediterranean basin, which is witnessing strong regional tensions and is already saturated with dozens of submarines of the Italian, Greek, Turkish and Russian Navy.

– Also, the export of cruise missiles to Egypt would worry Israel, something that France does not desire.

– Concerns about Egypt’s debts, as the French Ministry of Finance fears that Egypt will not be able to pay the price of the exorbitant deal due to the huge debts that the country suffers from, as it approaches $400 billion, and that Paris may have to pay the value of contracts signed with French companies in If Egypt fails to pay the price of the deal.

It is noteworthy that Sisi concluded several arms deals with French companies worth billions of euros, most notably:

– 24 Rafale planes, a frigate and two Mistral ships, for 1 billion euros in 2015

– 30 Rafale planes for 4 billion euros in 2021.

French Barracuda-class nuclear-powered submarines are being built by shipbuilding company Naval Group. The company was chosen by the Australian Government on 26 April 2016 to build twelve submarines under a AU$50 billion (US$35.8 billion) contract.

However, On 16 September 2021, Australia cancelled the project and entered into a partnership with the US and UK, known as AUKUS pact, to obtain nuclear submarine technology.

https://www.middleeastobserver.org/2022/09/09/egypt-talks-with-france-over-e5bn-submarine-deal-amid-countrys-dire-economic-crisis/

 

[wahyu845]

as a country with a slogan, wanting to become the world's maritime axis, Indonesia should (at least) also acquire this submarine after the successful Indonesian scorpene project

 

[Ravenman]

When the Great Ethiopian Renaissance Dam is totally filled (3 reservoirs are filled now) and when it is ready to operate fully (only 2 of the 13 turbines are working now) then there will be no Egypt or Sudan left.

So save the money and use that to build a Desalination Thermal to change salty seawater in drinkable sweet water like Israel does.

 

[Tonyukuk]

When the Great Ethiopian Renaissance Dam is totally filled (3 reservoirs are filled now) and when it is ready to operate fully (only 2 of the 13 turbines are working now) then there will be no Egypt or Sudan left.

So save the money and use that to build a Desalination Thermal to change salty seawater in drinkable sweet water like Israel does.

I think Sudan will still get water. Egypt, however, will be doomed. Let's not forget that salt water will start flowing in from the Mediterranean. Their farms will disappear.

 

[Lool]

View attachment 47646

The Egyptian government is on talks over purchase of €5bn worth of Naval Group Barracuda-class submarines from France​

Egypt’s Abdel Fattah al-Sisi wants to buy up to six Barracuda-class submarines from Naval Group, the European naval defence leader of which the French state owns 62%.

However, France is dragging its heels on what would be a more than €5bn contract, according to Africa Intelligence.

Rassd News Network on its Twitter account published a tweet speaking about “Details of the French submarine deal that Sisi seeks to buy worth 5 billion euros. Rassd News Network attached a videograph explaining details of the deal, as follows:

Despite the economic crisis in Egypt, the Sisi regime is seeking to buy submarines loaded with cruise missiles worth billions of euros from French companies.

According to the Africa Intelligence website, negotiations began in February 2022, and that the Egyptian navy wanted to equip the submarines with cruise missiles for an additional one billion euros.

However, France is stalling on the deal due to several concerns, most notably:

– The reactions of neighboring countries, as the French Defense Minister opposes the deal because of his fear that it will contribute to destabilizing the Mediterranean basin, which is witnessing strong regional tensions and is already saturated with dozens of submarines of the Italian, Greek, Turkish and Russian Navy.

– Also, the export of cruise missiles to Egypt would worry Israel, something that France does not desire.

– Concerns about Egypt’s debts, as the French Ministry of Finance fears that Egypt will not be able to pay the price of the exorbitant deal due to the huge debts that the country suffers from, as it approaches $400 billion, and that Paris may have to pay the value of contracts signed with French companies in If Egypt fails to pay the price of the deal.

It is noteworthy that Sisi concluded several arms deals with French companies worth billions of euros, most notably:

– 24 Rafale planes, a frigate and two Mistral ships, for 1 billion euros in 2015

– 30 Rafale planes for 4 billion euros in 2021.

French Barracuda-class nuclear-powered submarines are being built by shipbuilding company Naval Group. The company was chosen by the Australian Government on 26 April 2016 to build twelve submarines under a AU$50 billion (US$35.8 billion) contract.

However, On 16 September 2021, Australia cancelled the project and entered into a partnership with the US and UK, known as AUKUS pact, to obtain nuclear submarine technology.

https://www.middleeastobserver.org/2022/09/09/egypt-talks-with-france-over-e5bn-submarine-deal-amid-countrys-dire-economic-crisis/

I dont think that this deal will ever pass through tbh

I know that the Egyptian govt is buying European weaponry, particularly french ones, in order to score good points with Macron to aid Sisi's govt politically and financially. However, Israel will never allow Egypt to either have cruise missiles or nuclear-powered submarines. The jews arent stupid for gods sake

 

[TR_123456]

I dont think that this deal will ever pass through tbh

I know that the Egyptian govt is buying European weaponry, particularly french ones, in order to score good points with Macron to aid Sisi's govt politically and financially. However, Israel will never allow Egypt to either have cruise missiles or nuclear-powered submarines. The jews arent stupid for gods sake

The UAE and KSA will make sure this deal is done and forget Israel objecting to it.
There is a bigger picture here.

 

[Oublious]

I dont think that this deal will ever pass through tbh

I know that the Egyptian govt is buying European weaponry, particularly french ones, in order to score good points with Macron to aid Sisi's govt politically and financially. However, Israel will never allow Egypt to either have cruise missiles or nuclear-powered submarines. The jews arent stupid for gods sake

The price tag is not correct at least 10 billion dollar, and if they sign the contract today first sub would maybe delivered after 2035 because France navy is waiting. What a maintaining of a nuclear sub cost i would like to now it. If somebody now it please write it down.

Egypt is big gas consumer country, ther gasfield is not good enoug to be big exporter. The only big field they found is Zohr like in the Blakc sea we found. Front of ther coast they did find gasfields but not like Zohr. The other thing is western companies are in the game so what kind perncentage left is the question.

This kind project are really expensive project....