South Korea on Tuesday said it reached a $1.6 billion arms deal with Egypt a week after President Joe Biden’s administration approved another massive arms sale to the Middle Eastern nation.
The office of President Moon Jae-in in Seoul said the deal to provide K9 self-propelled howitzers to Egypt is the country’s biggest export contract for the weapon. It is manufactured by Hanwha Defense.
For the latest headlines, follow our Google News channel online or via the app.
Moon’s office did not provide further details on the deal, including how many of the howitzers Egypt will acquire. There was no immediate comment from Egypt.
Tuesday’s announcement came two weeks after Egyptian President Abdel Fattah al-Sisi met with Moon in Cairo. It was the first visit by a South Korean president to Egypt in 16 years, according to the state-run al-Ahram daily.
Al-Sisi also met with Hanwha Defense CEO Kim Seung Mo in Cairo in November when Egypt organized its second international weapons fair.
Last week, the Department of State announced a $2.5 billion arms sale to Egypt. That deal included 12 Super Hercules C-130 transport aircraft and related equipment worth $2.2 billion and air defense radar systems worth an estimated $355 million.
Egypt, one of the world’s leading arms importers, has in recent years upgraded its military, striking massive arms deals with Western nations and Russia. It has built new military bases and expanded its naval and air power to help secure the country’s vast desert and sea borders, especially after the discovery of significant gas deposits in its Mediterranean waters.
Read more:
Al-Sisi visits UAE to bolster relations amid ‘attempts to destabilize’ Arab countries
Egypt targets economic growth of 5.7 percent in next financial year
Suez Canal expansion project expected to finish in July 2023: SCA chairman
