Latest Trending
Last Updated, Feb 5, 2022, 2:04 AM
Egypt to buy $1.6 billion in arms from South Korea


SEOUL, South Korea: South Korea has announced that it has signed a $1.6 billion arms deal with Egypt.

This marks South Korea’s largest-ever arms export contract.

The office of President Moon Jae-in in Seoul said the agreement included providing K9 self-propelled howitzers, manufactured by Korea’s Hanwha Defense, to Egypt.

Moon’s office did not disclose other details on the agreement, and there was no comment from Egypt.

The South Korean announcement came two weeks after Egyptian leader Abdel Fattah el-Sissi met with Moon in Cairo, which was the first visit by a South Korean president to Egypt in 16 years, according to the state-run al-Ahram newspaper.

Egyptian Defense Minister General Mohamed Zaki was in South Korea on February 1 to attend the signing ceremony, Egypt’s military said in a statement.

The Egyptian military also said South Korea and Egypt signed two memorandums of understanding on mutual military cooperation.

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.

However, the Biden administration said last week that it had canceled $130 million in military aid to Egypt over human rights concerns.

24World Media does not take any responsibility of the information you see on this page. The content this page contains is from independent third-party content provider. If you have any concerns regarding the content, please free to write us here: contact@24worldmedia.com

Latest Post

Common Mistakes When Using Athletic Field Tarps

Last Updated,Jun 5, 2024

High-Performance Diesel Truck Upgrades You Should Consider

Last Updated,May 14, 2024

Warehouse Optimization Tips To Improve Performance

Last Updated,May 6, 2024

Fire Hazards in Daily Life: The Most Common Ignition Sources

Last Updated,Apr 30, 2024

Yellowstone’s Wolves: A Debate Over Their Role in the Park’s Ecosystem

Last Updated,Apr 23, 2024

Earth Day 2024: A Look at 3 Places Adapting Quickly to Fight Climate Change

Last Updated,Apr 22, 2024

Millions of Girls in Africa Will Miss HPV Shots After Merck Production Problem

Last Updated,Apr 18, 2024

This Lava Tube in Saudi Arabia Has Been a Human Refuge for 7,000 Years

Last Updated,Apr 17, 2024

Four Wild Ways to Save the Koala (That Just Might Work)

Last Updated,Apr 15, 2024

National Academy Asks Court to Strip Sackler Name From Endowment

Last Updated,Apr 12, 2024

Ways Industrial Copper Helps Energy Production

Last Updated,Apr 11, 2024

The Ins and Out of Industrial Conveyor Belts

Last Updated,Apr 10, 2024