France and Egypt are ‘close to agreement’ on a large scale arms deal that could cost 5-6 billion Euros and include naval vessels and fighter aircraft, La Tribune reports.

The French proposal includes two FREMM multi-mission frigates worth 1.8 billion euros ($2.07 billion), to be built by DCNS, and 20 Rafale combat aircraft from Dassault, worth 3.6 billion euros ($4.15 billion). Both platforms will be armed with missile systems manufactured by MBDA.

The CEOs of these companies visited Cairo this week to promote the deal. This visit was the latest stage in the dialog between the two countries, which also included the visit of Egyptian President Abdel Fattah al-Sisi in Paris in November 2014, followed by a high level Egyptian delegation that discussed the deal for 10 days in December. A French delegation also travelled to Cairo last week, to discuss financial aspects of the project. […]