Sisi expected to meet Macron in Paris today
Egyptian President Abdel Fattah al-Sisi's flying visit to Paris may not be inked in Emmanuel Macron's diary; but the two are nonetheless scheduled to meet today.
French company Naval Group is now the only one competing to run the future shipyard in Casablanca after the Italian contestants were disqualified and the Netherlands' Damen Shipyards gave up. It hopes to secure this attractive concession, both military and civilian, before the end of the year.
Peter Lürssen, the hard-working director of German shipyard Lürssen, is about to put forward a proposal for the establishment of industrial facilities not far from Suez to enable the production of military and commercial ships locally, which would anchor his company firmly in Egypt.
After being prevented from competing for Egyptian arms contracts along with other French companies for the last two years, France's Naval Group is trying to get back into the Egyptian market. It is negotiating to sell Egypt a number of mine countermeasures vessels via a contract which will certainly involve offsets, which are the key to success on the Egyptian military equipment market.