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World News

France signed deals worth 2 billion Euros with Egypt - Elysee

Egyptian President Abdel Fattah al-Sisi (R) claps with his French counterpart Francois Hollande at the opening session of Egyptian-French Business Forum in Cairo, Egypt April 18, 2016 in this handout picture courtesy of the Egyptian Presidency. REUTERS/The Egyptian Presidency/Handout via Reuters

PARIS (Reuters) - 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 defence ministries, the Elysee said.

The military telecommunications satellite is expected to be build by France's Airbus Space Systems AIR.PA et Thales Alenia Space TCFP.PA.

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

Reporting by Elizabeth Pineau and Jean-Baptiste Vey; Writing by Bate Felix; Editing by Sandra Maler

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