Egypt is nearing a new command of Rafale and Gowind corvettes

[The SC]

For France, the Paris / Cairo axis remains very important in the Near and Middle East, a region marked by an extremely unstable geopolitical context (Credits: Charles Platiau)

Florence Parly goes to Egypt at the end of the week. It will prepare the next visit of Emmanuel Macron planned at the beginning of the year during which Cairo could sign new arms contracts (Rafale and Gowind corvettes ).

For France, the Paris / Cairo axis remains very important in the Near and Middle East, a region marked by an extremely unstable geopolitical context. Having received in October in Paris President Abdel Fattah al Sissi, Emmanuel Macron should also visit early next year, in late January or early February, according to our information.

The Head of State had explained to his host that he wanted to continue the relationship of trust between Egypt and France. This is why the Minister of Armed Forces, Florence Parly, has on her agenda a trip to Egypt at the end of this week, which will be used to prepare the next visit to Cairo by the French president.

12 or 24 Rafale in Egypt?

In addition to bilateral relations, Abdel Fattah al Sissi is expected to sign new contracts in favor of French arms manufacturers. Like Qatar, which recently lifted an option for 12 Rafale, Egypt should also acquire 12 or 24 additional French fighter planes. The number of Rafale is still under discussion between Cairo and Dassault Aviation. In February 2015, the aircraft manufacturer signed in Cairo its first Rafale export sale (24 in total).

In any case, Bercy no longer blocks negotiations at the request of the Elysee. According to our information, it was Foreign Minister Jean-Yves Le Drian who went in mid-November to bring the new French proposal to Sissi in Sharm el-Sheikh, where the youth forum was being held. The two men maintain very good relations of trust. Negotiations between the Egyptian Army and Dassault Aviation started in early 2016 for the purchase of additional Rafale.

Two new Gowind corvettes?

Naval Group is also in the starting blocks for the sale of two new Gowind corvettes of 2,400 tons, equipped with its combat system, the Setis, after the four sold in 2014. Two corvettes that could be manufactured in Lorient. Cairo is still very interested in this acquisition.

For three years, Egypt has launched the modernization of its armed forces with the support of France. Paris is committed to providing new equipment, particularly to the Air Force (24 Rafale, a military telecom satellite) and the Navy (four Gowind corvettes, one FREMM, two BPCs). This represented nearly seven billion euros (6.83 billion) contracts for the French arms industry between 2014 and 2016.

https://www.latribune.fr/entreprise...-de-rafale-et-de-corvettes-gowind-761291.html

 

[DarX]

View attachment 442349
For France, the Paris / Cairo axis remains very important in the Near and Middle East, a region marked by an extremely unstable geopolitical context (Credits: Charles Platiau)

Florence Parly goes to Egypt at the end of the week. It will prepare the next visit of Emmanuel Macron planned at the beginning of the year during which Cairo could sign new arms contracts (Rafale and Gowind corvettes ).

For France, the Paris / Cairo axis remains very important in the Near and Middle East, a region marked by an extremely unstable geopolitical context. Having received in October in Paris President Abdel Fattah al Sissi, Emmanuel Macron should also visit early next year, in late January or early February, according to our information.

The Head of State had explained to his host that he wanted to continue the relationship of trust between Egypt and France. This is why the Minister of Armed Forces, Florence Parly, has on her agenda a trip to Egypt at the end of this week, which will be used to prepare the next visit to Cairo by the French president.

12 or 24 Rafale in Egypt?

In addition to bilateral relations, Abdel Fattah al Sissi is expected to sign new contracts in favor of French arms manufacturers. Like Qatar, which recently lifted an option for 12 Rafale, Egypt should also acquire 12 or 24 additional French fighter planes. The number of Rafale is still under discussion between Cairo and Dassault Aviation. In February 2015, the aircraft manufacturer signed in Cairo its first Rafale export sale (24 in total).

In any case, Bercy no longer blocks negotiations at the request of the Elysee. According to our information, it was Foreign Minister Jean-Yves Le Drian who went in mid-November to bring the new French proposal to Sissi in Sharm el-Sheikh, where the youth forum was being held. The two men maintain very good relations of trust. Negotiations between the Egyptian Army and Dassault Aviation started in early 2016 for the purchase of additional Rafale.

Two new Gowind corvettes?

Naval Group is also in the starting blocks for the sale of two new Gowind corvettes of 2,400 tons, equipped with its combat system, the Setis, after the four sold in 2014. Two corvettes that could be manufactured in Lorient. Cairo is still very interested in this acquisition.

For three years, Egypt has launched the modernization of its armed forces with the support of France. Paris is committed to providing new equipment, particularly to the Air Force (24 Rafale, a military telecom satellite) and the Navy (four Gowind corvettes, one FREMM, two BPCs). This represented nearly seven billion euros (6.83 billion) contracts for the French arms industry between 2014 and 2016.

https://www.latribune.fr/entreprise...-de-rafale-et-de-corvettes-gowind-761291.html

My question is that who is funding this extravagant purchasing spree of the Egyptians? Their economy has gone down the toilet in the past half decade. Where are they getting the money to buy all this high tech stuff? Is it because the Syrians have successfully repelled the West and the Turkish are drawing away from NATO? But there is still no clear funding trail for this military bonanza for the Egyptians.

 

[The SC]

My question is that who is funding this extravagant purchasing spree of the Egyptians? Their economy has gone down the toilet in the past half decade. Where are they getting the money to buy all this high tech stuff? Is it because the Syrians have successfully repelled the West and the Turkish are drawing away from NATO? But there is still no clear funding trail for this military bonanza for the Egyptians.

The answer to your question is simple.. you should educate yourself a bit more about subjects you want to discuss, because your opinion is far from reality..
Egypt's economy is doing very good actually..on top of that, Egypt has Natural gas ad Oil.. with some of the biggest Natural Gas reserves in the eastern Mediterranean sea that just started to be exploited lately.. also..the Egyptian military budget is quite big and most of it is kept secret.. all is known is they have saved a lot of money throughout the last 30 years.. because they were receiving most of their military hardware through the US based on the Camp David accord for peace with Usrael.. they have been receiving half of what Usrael was receiving..So they might have saved at least a $30 billion in arms purchases throughout these past 30 years.. So they have enough money to buy much more than what you have seen till now.. I didn't even mention the huge electricity surplus that makes Egypt an international electricity exporter.. add Gas exports, foreign investments in the $100 billion mark, foreign reserves growing steadily each day and month..the praise and astonishment of the world bank officials..and then you might get the correct picture about Egypt..

 

[DarX]

The answer to your question is simple.. you should educate yourself a bit more about subjects you want to discuss, because your opinion is far from reality..
Egypt's economy is doing very good actually..on top of that, Egypt has Natural gas ad Oil.. with some of the biggest Natural Gas reserves in the eastern Mediterranean sea that just started to be exploited lately.. also..the Egyptian military budget is quite big and most of it is kept secret.. all is known is they have saved a lot of money throughout the last 30 years.. because they were receiving most of their military hardware through the US based on the Camp David accord for peace with Usrael.. they have been receiving half of what Usrael was receiving..So they might have saved at least a $30 billion in arms purchases throughout these past 30 years.. So they have enough money to buy much more than what you have seen till now.. I didn't even mention the huge electricity surplus that makes Egypt an international electricity exporter.. add Gas exports, foreign investments in the $100 billion mark, foreign reserves growing steadily each day and month..the praise and astonishment of the world bank officials..and then you might get the correct picture about Egypt..

I had made this comment on the assumption that I was conversing with a sober person, but your response shows that you need to educate yourself first, before you make that suggestion to anyone else. It is common knowledge that the Egyptian economy was severely hit by the events of the Arab spring. The antics of Sisi didn't do much to calm businesses. It is only now that Egypt has barely stabilized, but inflation still exceeds 25% and other indicators are still precarious.

Your point about the supposed savings from American military aid are hilariously naive. Haha, where did you get that figure of $30 billion? In any case, there is no proof of such savings and even if they were, they would've been spent long ago on other projects. Egypt was never a big oil and gas producer, and has always been a net importer, so there is no earning in this area. The recent discovery of Mediterranean gas doesn't guarantee cash flows for some time.

My point was that no matter how large the Egyptian military budget might be, the purchase of helicopter carriers, frigates and 5th gen fighters requires huge upfront payments. That must've been financed from somewhere. Even India, which has a much larger economy, could only sign for 36 Rafales.

But all of this is clearly above your pay grade so forget about answering here.

 

[airmarshal]

The answer to your question is simple.. you should educate yourself a bit more about subjects you want to discuss, because your opinion is far from reality..
Egypt's economy is doing very good actually..on top of that, Egypt has Natural gas ad Oil.. with some of the biggest Natural Gas reserves in the eastern Mediterranean sea that just started to be exploited lately.. also..the Egyptian military budget is quite big and most of it is kept secret.. all is known is they have saved a lot of money throughout the last 30 years.. because they were receiving most of their military hardware through the US based on the Camp David accord for peace with Usrael.. they have been receiving half of what Usrael was receiving..So they might have saved at least a $30 billion in arms purchases throughout these past 30 years.. So they have enough money to buy much more than what you have seen till now.. I didn't even mention the huge electricity surplus that makes Egypt an international electricity exporter.. add Gas exports, foreign investments in the $100 billion mark, foreign reserves growing steadily each day and month..the praise and astonishment of the world bank officials..and then you might get the correct picture about Egypt..

I honestly did not know all of this. Thanks for educating.

I had made this comment on the assumption that I was conversing with a sober person, but your response shows that you need to educate yourself first, before you make that suggestion to anyone else. It is common knowledge that the Egyptian economy was severely hit by the events of the Arab spring. The antics of Sisi didn't do much to calm businesses. It is only now that Egypt has barely stabilized, but inflation still exceeds 25% and other indicators are still precarious.

Your point about the supposed savings from American military aid are hilariously naive. There is no proof of such savings and even if they were, they would've been spent long ago on other projects. Egypt was never a big oil and producer, and has always been a net importer, so there is no earning in this area. The recent discovery of Mediterranean gas doesn't guarantee cash flows for some time.

My point was that no matter how large the Egyptian military budget might be, the purchase of helicopter carriers, frigates and 5th gen fighters requires huge upfront payments. That must've been financed from somewhere. Even India, which has a much larger economy, could only sign for 36 Rafales.

But all of this is clearly above your pay grade so forget about answering here.

I agree with you. The weapons Egypt was getting from US cant be translated in savings. Egypt did not have that kind of money to buy such weapons to begin with.

If the country has stability, it can generate enough funds to buy such weapons. But Egypt has been buying so many weapons from every source, it makes one notice where is such huge amount of money coming from? Egypt after all cant afford such weapons on its own no matter how good its economy is for past 3/4 years.

 

[The SC]

I had made this comment on the assumption that I was conversing with a sober person, but your response shows that you need to educate yourself first, before you make that suggestion to anyone else. It is common knowledge that the Egyptian economy was severely hit by the events of the Arab spring. The antics of Sisi didn't do much to calm businesses. It is only now that Egypt has barely stabilized, but inflation still exceeds 25% and other indicators are still precarious.

Your point about the supposed savings from American military aid are hilariously naive. Haha, where did you get that figure of $30 billion? In any case, there is no proof of such savings and even if they were, they would've been spent long ago on other projects. Egypt was never a big oil and gas producer, and has always been a net importer, so there is no earning in this area. The recent discovery of Mediterranean gas doesn't guarantee cash flows for some time.

My point was that no matter how large the Egyptian military budget might be, the purchase of helicopter carriers, frigates and 5th gen fighters requires huge upfront payments. That must've been financed from somewhere. Even India, which has a much larger economy, could only sign for 36 Rafales.

But all of this is clearly above your pay grade so forget about answering here.

You still need to educate yourself further.. Egypt was a gas exporter before the 2011 events.. and saving just $1 billion a year on weapons purchases makes it $30 billion over a period of 30 years.. Do you know anything about the Egyptian military budget.. or know about what and how many Russian and other weapons Egypt had purchased to confront Usrael and the US and sustain the war to liberate Sinai..?
Actually India wanted to sign for 126 fighters.. but the deal went sour because of ToT demands..you should educate yourself about that too.. And if you think that Egypt can't afford $2 or $3 billion as a down payment.. you are fooling yourself.. The latest French news about the Rafale deal and the refusal of the French finance minister at first for not allowing the financing of the 12 optional Rafale and maybe 24..only to be forced by the French president himself to accept it.. is a sign that Egypt can afford what it wants..Let me tell you that Egypt is not a very rich country yet, although on its way there..but it can afford what it needs.. look for the S-400 and SU-35 coming soon too.. The problems came from stagnant previous policies.. and also the 100 million population..But Sisi has done for Egypt in 3 years what couldn't have been done in 30 years..

 

[DarX]

You still need to educate yourself further.. Egypt was a gas exporter before the 2011 events.. and saving just $1 billion a year on weapons purchases makes it $30 billion over a period of 30 years.. Do you know anything about the Egyptian military budget.. or know about what and how many Russian and other weapons Egypt had purchased to confront Usrael and the US and sustain the war to liberate Sinai..?
Actually India wanted to sign for 126 fighters.. but the deal went sour because of ToT demands..you should educate yourself about that too.. And if you think that Egypt can't afford $2 or $3 billion as a down payment.. you are fooling yourself.. The latest French news about the Rafale deal and the refusal of the French finance minister at first for not allowing the financing of the 12 optional Rafale and maybe 24..only to be forced by te French president himself to accept it.. is a sign that Egypt can afford what it wants..Let me tell you that Egypt is not a very rich country yet, although on its way there..but it can afford what it needs.. look for the S-400 and SU-35 coming soon too.. The problems came from stagnant previous policies.. and also the 100 million population..But Sisi has done for Egypt in 3 years what couldn't have been done in 30 years..

Haha. I have better things to do. Take care.

 

[Gomig-21]

My question is that who is funding this extravagant purchasing spree of the Egyptians? Their economy has gone down the toilet in the past half decade.

I don't think you're very aware of what's happening in Egypt. Please don't be influenced by the Egyptian haters on this forum, and the anti-Sisi crowd and all that. Egypt's economy is currently booming at an unprecedented rate. There is a thread @The SC opened (that many of us constantly update) about Egypt's economy and projects that is loaded with all the things Sisi and co. have created just in the past 3 years alone. The progress made in those 3 years was never seen during Mubarak's entire tenure.

Where are they getting the money to buy all this high tech stuff?

From a combination of military budget reserves that have accumulated through the years as well as negotiated soft loans from both, France and Russia. The former is used for down-payments to credit the loans.

It's obvious what you're insinuating, but think how ridiculous that is; who in their right mind would give Egypt enough money to buy all these weapons? Not even Saudiya would do that. They might for pressing economic issues and the people and for emergency debt that needed paying off to maintain good credit ratings on loans and especially the $10 billion IMF loan which the World Bank would've never issued unless Egypt had a backup reserve. They would also give Egypt money for things that would improve Saudi/Egypt relations such as the eventual bridge/tunnel that will be built from Sinai to Saudi Arabia (amongst other joint projects), and also for the mega Suez Canal renovation to create the 2-lanes which has increased shipping traffic by 37%. Just last Saturday, the Suez Canal had 72 ships travel through both directions in 24 hours. That is a Suez Canal record thanks to that expansion project. The revenues for the canal are now on a pace to average $11 billion in earnings per year. So yes, Saudi's $10 billion was for the IMF backing plus a safety measure, but not for this level of weaponry purchase. The money that the Saudis gave Egypt also helped create a safety net for Egypt's foreign reserves which after the revolution in 2011 and halfway though Morsi's presidency was down to a mere $10 billion. It is now at $36.2 billion and rising at a rapid rate. $26 Billion rise in 3+ years and that's not even including the gas and other projects that have just begun to earn and which will be bringing in money for the years to come.

The Egyptian Mistrals, FREMM, Gowinds and Rafales were all a combination of down-payments and soft loans from the French. The same exact thing from Russia for the S-300VM, the 50 MiG-35s, 46 Ka-52 Alligator attack helicopters and they've supposedly signed a tender for 30 Ka-52 Katrans and an entire self defense and navigation and coms systems for the two carriers. Not even the Saudis (and God bless them for their help) will give this much money lol.

Is it because the Syrians have successfully repelled the West and the Turkish are drawing away from NATO?

Not sure what that would have anything to do with Egypt. Like I said, forget about the haters. I know many of you guys have this passionate hate for Egypt and much of is it the Turkish support that you feel you need to endorse, but do make an effort to at least learn what the status is, even if you wish to continue hating. Be an objective hater.

But there is still no clear funding trail for this military bonanza for the Egyptians.

I Just explained it to you. Also, think about what @The SC mentioned to you; what significant weapons system has Egypt bought in the past 30 years? Most of the major weapons (F-16s, M1 Abrams and all sorts of weapons were part of the peace treaty aid package since 1982) and Egypt has barely spent any money on major purchases until now because all the earnings that the military has a concrete grip on was tucked away for a very long time. Where do you suppose the current $8 billion per year that was ever spent for 30 years went? Mubarak never wanted to use any of that and tick off the US. Sisi on the other hand (and contrary to many of his haters on this very forum) has been nothing but the diplomatic genius. He's figured a way to reach out to China, Italy and most of all France and Russia while keeping his diplomacy with the US unscathed. The people who hate on this guy should really try to be a little objective and delve a bit more into what he's done, they'd be impressed beyond belief.

It is common knowledge that the Egyptian economy was severely hit by the events of the Arab spring.

That was 2011. It's been 6 years since then and 3 since Morsi has been ousted and I've already explained the things that have been done in the short 3 years. Inflation is a result of floating the Egyptian pound, which was absolutely necessary, but it doesn't impact the other things I mentioned and once all the current projects that have been popping up like grass start generating income, the pound will stabilize again and inflation will drop to normal. It's already happening, albeit at a slow pace.

The antics of Sisi didn't do much to calm businesses.

What antics? I just explained how his decision to devalue the pound has actually worked.

It is only now that Egypt has barely stabilized, but inflation still exceeds 25% and other indicators are still precarious.

True, but here is Egypt's expected inflation rate by 2020, that's in 2 years:

Inflation Rate in Egypt is expected to be 26.20 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate Inflation Rate in Egypt to stand at 15.20 in 12 months time. In the long-term, the Egypt Inflation Rate is projected to trend around 9.50 percent in 2020, according to our econometric models.

https://tradingeconomics.com/egypt/inflation-cpi/forecast

So what is that, if anything but a most positive outlook and the only way it can be that positive is because of what Sisi has done and the current and fast improving economy.

Your point about the supposed savings from American military aid are hilariously naive. Haha, where did you get that figure of $30 billion? In any case, there is no proof of such savings and even if they were, they would've been spent long ago on other projects.

Sure there is. It's all over Egypt's and Arab news and economist programs etc and we've known about this (as Egyptians) for over 2 decades. Even with all these weapons expenditures, they built a GIGANTIC military base called the Mohammad Naguib military center with state of the art facilities, a huge theater, assembly halls, dorms, helo and armored vehicle bases and all sorts of ranges and equipment, repair facilitates and laboratories, and simulation rooms and residences and much more it's quite impressive. If you want to see pics of it, let me know and I'll guide you to the thread.

ALSO, a mega renovation of a secluded inlet dock at Ras Elteen naval base in Alexandria to dock the Mediterranean fleet in that inlet where there is no current at all, and the big carriers and corvettes can dock with complete ease. It's really incredible and that's not all. 3 more mega naval bases are currently halfway built in the north west (Marsa Matruh), in Port Said and one in along the Red Sea cost at Ras Banas which incidentally has a brand new military air base to host the southern wing which will be paroling the southern border. Much more including 2 more air bases to host the UAVs and UCAVs and this airport will actually host military aircraft from the UAE and others whom are cooperating with Egypt on several fronts. Much more that I don't need to mention, I think you get the picture. Basically close to $100 billion that no one is giving us. Not to mention the hundreds of millions they've spent on the GBUs, Hellfires, MKs and all the Wing Loong weapons they're using on Cretin Crushing alone!

Egypt was never a big oil and gas producer, and has always been a net importer, so there is no earning in this area. The recent discovery of Mediterranean gas doesn't guarantee cash flows for some time.

True, hence why thing will only get better InshaAllah.

My point was that no matter how large the Egyptian military budget might be, the purchase of helicopter carriers, frigates and 5th gen fighters requires huge upfront payments. That must've been financed from somewhere.

Sorry, hope I don't disappoint you, but no. I think I've explained everything. Oh, and there's no 5th generation yet. Just 4++ Rafales and possibly 4+ in the MiG-35s.

Even India, which has a much larger economy, could only sign for 36 Rafales.

Actually they'll be signing a contract (if they haven't signed it already) for another 36 for a total of 72.

 

[Maxpane]

wow egypt on fire

 

[DarX]

I don't think you're very aware of what's happening in Egypt. Please don't be influenced by the Egyptian haters on this forum, and the anti-Sisi crowd and all that. Egypt's economy is currently booming at an unprecedented rate. There is a thread @The SC opened (that many of us constantly update) about Egypt's economy and projects that is loaded with all the things Sisi and co. have created just in the past 3 years alone. The progress made in those 3 years was never seen during Mubarak's entire tenure.



From a combination of military budget reserves that have accumulated through the years as well as negotiated soft loans from both, France and Russia. The former is used for down-payments to credit the loans.

It's obvious what you're insinuating, but think how ridiculous that is; who in their right mind would give Egypt enough money to buy all these weapons? Not even Saudiya would do that. They might for pressing economic issues and the people and for emergency debt that needed paying off to maintain good credit ratings on loans and especially the $10 billion IMF loan which the World Bank would've never issued unless Egypt had a backup reserve. They would also give Egypt money for things that would improve Saudi/Egypt relations such as the eventual bridge/tunnel that will be built from Sinai to Saudi Arabia (amongst other joint projects), and also for the mega Suez Canal renovation to create the 2-lanes which has increased shipping traffic by 37%. Just last Saturday, the Suez Canal had 72 ships travel through both directions in 24 hours. That is a Suez Canal record thanks to that expansion project. The revenues for the canal are now on a pace to average $11 billion in earnings per year. So yes, Saudi's $10 billion was for the IMF backing plus a safety measure, but not for this level of weaponry purchase. The money that the Saudis gave Egypt also helped create a safety net for Egypt's foreign reserves which after the revolution in 2011 and halfway though Morsi's presidency was down to a mere $10 billion. It is now at $36.2 billion and rising at a rapid rate. $26 Billion rise in 3+ years and that's not even including the gas and other projects that have just begun to earn and which will be bringing in money for the years to come.

The Egyptian Mistrals, FREMM, Gowinds and Rafales were all a combination of down-payments and soft loans from the French. The same exact thing from Russia for the S-300VM, the 50 MiG-35s, 46 Ka-52 Alligator attack helicopters and they've supposedly signed a tender for 30 Ka-52 Katrans and an entire self defense and navigation and coms systems for the two carriers. Not even the Saudis (and God bless them for their help) will give this much money lol.



Not sure what that would have anything to do with Egypt. Like I said, forget about the haters. I know many of you guys have this passionate hate for Egypt and much of is it the Turkish support that you feel you need to endorse, but do make an effort to at least learn what the status is, even if you wish to continue hating. Be an objective hater.



I Just explained it to you. Also, think about what @The SC mentioned to you; what significant weapons system has Egypt bought in the past 30 years? Most of the major weapons (F-16s, M1 Abrams and all sorts of weapons were part of the peace treaty aid package since 1982) and Egypt has barely spent any money on major purchases until now because all the earnings that the military has a concrete grip on was tucked away for a very long time. Where do you suppose the current $8 billion per year that was ever spent for 30 years went? Mubarak never wanted to use any of that and tick off the US. Sisi on the other hand (and contrary to many of his haters on this very forum) has been nothing but the diplomatic genius. He's figured a way to reach out to China, Italy and most of all France and Russia while keeping his diplomacy with the US unscathed. The people who hate on this guy should really try to be a little objective and delve a bit more into what he's done, they'd be impressed beyond belief.



That was 2011. It's been 6 years since then and 3 since Morsi has been ousted and I've already explained the things that have been done in the short 3 years. Inflation is a result of floating the Egyptian pound, which was absolutely necessary, but it doesn't impact the other things I mentioned and once all the current projects that have been popping up like grass start generating income, the pound will stabilize again and inflation will drop to normal. It's already happening, albeit at a slow pace.



What antics? I just explained how his decision to devalue the pound has actually worked.



True, but here is Egypt's expected inflation rate by 2020, that's in 2 years:

Inflation Rate in Egypt is expected to be 26.20 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate Inflation Rate in Egypt to stand at 15.20 in 12 months time. In the long-term, the Egypt Inflation Rate is projected to trend around 9.50 percent in 2020, according to our econometric models.

https://tradingeconomics.com/egypt/inflation-cpi/forecast

So what is that, if anything but a most positive outlook and the only way it can be that positive is because of what Sisi has done and the current and fast improving economy.



Sure there is. It's all over Egypt's and Arab news and economist programs etc and we've known about this (as Egyptians) for over 2 decades. Even with all these weapons expenditures, they built a GIGANTIC military base called the Mohammad Naguib military center with state of the art facilities, a huge theater, assembly halls, dorms, helo and armored vehicle bases and all sorts of ranges and equipment, repair facilitates and laboratories, and simulation rooms and residences and much more it's quite impressive. If you want to see pics of it, let me know and I'll guide you to the thread.

ALSO, a mega renovation of a secluded inlet dock at Ras Elteen naval base in Alexandria to dock the Mediterranean fleet in that inlet where there is no current at all, and the big carriers and corvettes can dock with complete ease. It's really incredible and that's not all. 3 more mega naval bases are currently halfway built in the north west (Marsa Matruh), in Port Said and one in along the Red Sea cost at Ras Banas which incidentally has a brand new military air base to host the southern wing which will be paroling the southern border. Much more including 2 more air bases to host the UAVs and UCAVs and this airport will actually host military aircraft from the UAE and others whom are cooperating with Egypt on several fronts. Much more that I don't need to mention, I think you get the picture. Basically close to $100 billion that no one is giving us. Not to mention the hundreds of millions they've spent on the GBUs, Hellfires, MKs and all the Wing Loong weapons they're using on Cretin Crushing alone!



True, hence why thing will only get better InshaAllah.



Sorry, hope I don't disappoint you, but no. I think I've explained everything. Oh, and there's no 5th generation yet. Just 4++ Rafales and possibly 4+ in the MiG-35s.



Actually they'll be signing a contract (if they haven't signed it already) for another 36 for a total of 72.

Nobody in Pakistan hates Egypt. We are not partial in your rivalry with the Turks. It was common knowledge that the Arab spring had severely damaged Egyptian economy, but even without the economic shock, the recent purchase spree of Egypt is quite extravagant.

Your explanation regarding savings being squirreled away in the military budget is quite naive and doesn't match with general norms and practices. Since both of you don't know about this financing issue, I will research about this thing myself.

Thank you for your time.

 

[Gomig-21]

Nobody in Pakistan hates Egypt. We are not partial in your rivalry with the Turks.

Oh the hatred is quite prevalent on this forum. I can easily direct you to several threads where the insulting and bashing is putrid. and it's too bad since most Egyptians don't have anything against Pakistanis or Pakistan, why should we? And Turkey does play a huge role with the way many feel, which is silly. The Arabic forums are even worst. Same with the Algerian ones in French. It is what it is.

It was common knowledge that the Arab spring had severely damaged Egyptian economy, but even without the economic shock, the recent purchase spree of Egypt is quite extravagant.

I'm not sure why you're having a tough time understanding what we're saying. No one denied the economy took a severe hit from the revolution. I even told you Egypt's foreign reserves were down to just barely over $10 billion a year after the revolution and now it's up to $36 billion yet you chose to gloss over that. I gave you stats on where the inflation is set to be in just 2 years, cut by 2/3 and there is obviously a reason for that prediction, a current booming economy yet you conveniently gloss over that as well. How come?

I've also explained to you how the weapons purchases well exceed the $10 billion that Saudiya gave Egypt by almost 2-fold, and with the nuclear plant and the naval bases and the UAVs and military bases and the cost of the fight on terrorism are closer to 7 times that number that no one would give any country, yet you chose to not even take that into consideration.

Your explanation regarding savings being squirreled away in the military budget is quite naive and doesn't match with general norms and practices.

Quite naive? I think the problem is that you chose not to believe what is common knowledge to us, since we're much more connected with the things happening in our country than you would ever be. So pardon me when I say I think it's a bit ironic that you would think we're the ones who are naive.

Here is the major thing that I think you don't understand; The Egyptian military has had and still has its hands on almost all developmental projects (even more so now), and it actually has its own form of generating revenue. You can easily look this up without me going into further detail. Why do you suppose they are so strong and able to control the country? Help the people get rid of a 30-year ruling dictator in less than 20 days of protesting? Look up SCAF and read about them. Take out the elected president and you never hear from him again and start all over again? How do you suppose they do all that without having complete control of the country including its finances that they are largely part of generating? Feel free to look it up or ask any Egyptian who's connected with things.

With all that said, the other thing you refuse to believe is the money tucked away. Again, think about it if you know anything about the Egyptian military purchases during Mubarak's 30 years. What single, big-ticket item did Egypt ever purchase during that time? The answer is NONE! All the F-16s, tanks etc. were all free. The few TOR M2 and BUK M2s were about it. Other than that, nothing. Where do you suppose all that money went? Let's say a budget of $5 billion a year? 5x30? Let's take the lowest figure and call it $1 billion, 1x30? Answer that and we could have a discussion. Avoid it and it'll be obvious you just want to deny things.

Since both of you don't know about this financing issue, I will research about this thing myself.

Ok, good luck. Let me help you speed up your research; look up the Mistral & Rafale deals and the financing, here's just one quicky regarding the loans for the French deals which I mentioned and you conveniently glossed over.

Egypt signed an agreement this month to buy 5.2 billion euros worth of French weapons, including 24 Rafale combat jets made by Dassault Aviation, a multi-mission naval frigate, and air-to-air missiles.

“The last equipment we got from France was with a French loan worth 3.2 billion euros and this loan was extended from the French government,” President Abdel Fatatah al-Sisi said in the interview.

France said at the time the deal was agreed to that more than half the purchase price would be financed by French banks with a state-backed Coface guarantee.

https://www.reuters.com/article/us-...by-loan-from-paris-sisi-idUSKBN0LW0ZN20150228

Many more links that include the soft loans for all these military weapons purchases including the 4 Type-209 Submarines from Germany.

While you're at it, here's the Egyptian National and Strategic Development thread full of Egypt's recent economic projects. https://defence.pk/pdf/threads/egyp...development-projects-news-and-updates.517072/

Thank you for your time.

You're welcome. Come back when you find out things and we can continue this discussion if you like. If you can prove me wrong, I'll be more than happy to admit it. Let's see if you can admit being wrong.

 

[masud]

hmm, more wepons contract...........
My Choice for Egypt.............
1 # Missile Moyenne Portée.

2 # caesar.

3 # vbci 2.

4 # FREMM.