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South Korea says it has reached $1.6 billion arms deal with Egypt

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The office of President Moon Jae-in in Seoul said the deal to provide K9 self-propelled howitzers to Egypt is the country’s biggest export contract for the weapon. It is manufactured by Hanwha Defense.

Moon’s office did not provide further details on the deal, including how many of the howitzers Egypt will acquire. There was no immediate comment from Egypt.

Tuesday’s announcement came two weeks after Egyptian leader Abdel Fattah el-Sissi met with Moon in Cairo. It was the first visit by a South Korean president to Egypt in 16 years, according to the state-run al-Ahram daily. Continue Reading

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