South Korea says it signed $1.6 billion arms deal with Egypt
South Korea says it signed $1.6 billion arms deal with Egypt
South Korea said Tuesday it signed a billion-dollar arms deal with Egypt, one of the world's leading arms importers. This follows a massive US weapons sale to Egypt last week.
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South Korean President Moon Jae-in said the deal to provide K9 self-propelled howitzers to Egypt is the country's biggest export contract for the weapon [source: Getty]
on Tuesday said it signed a $1.6 billion arms deal with a week after US President Joe Biden’s administration 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.
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 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.
Egyptian Defense Minister GeneralÌýMohamed Zaki was in on Tuesday to attend the signing ceremony, Egypt’s military said in a statement. It said the deal included the local production and transfer of the artillery system to .
The Egyptian military also said the two countries signed two memorandums of understanding on mutual military cooperation.
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 massive $2.5 billion arms sale to Egypt despite ongoing concerns over human rights.Ìý
, 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.
Under President al-Sisi, the north African country has been experiencing its said Human Rights Watch. A number of government critics, including human rights defenders and journalists, have been targeted and imprisoned on politically motivated charges, the watchdog said.Ìý
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