France inks deals worth $2 billion with Egypt

The deals included a satellite communications contract agreed upon following discussions between the two presidents

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France signed several deals worth about 2 billion euros ($2.26 billion) with Egypt during a visit by French President Francois Hollande to Cairo, the French president’s office said on Monday.

The deals included a satellite communications contract agreed upon following discussions between the two presidents and their defense ministries, the Elysee said.

The military telecommunications satellite is expected to be built by France’s Airbus Space Systems and Thales Alenia Space.

French energy Engie firm said earlier that it also signed LNG and renewable energy contracts during the visit.

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