Egyptian President Abdel Fattah el-Sisi and French Prime Minister Manuel Valls attended the official signing ceremony for the purchase of two French-made Mistral-class helicopter-carriers that were originally intended for sale to Russia, at the Presidential Palace in Cairo, Saturday. According to French government sources, Cairo will pay around $1 billion (€950 million) for the vessels, using financing from Saudi Arabia. The French Defense Ministry announced last month that the Mistrals would be delivered to Egypt around March 2016. The contract also provides four months of training in France for around 400 Egyptian sailors. Russia ordered the construction of the two 'Mistral' class helicopter carriers from France back in 2011. The ships were meant to be delivered in 2014, but the process was delayed as a result of the European Union imposed sanctions against Russia. Moscow was paid €950 million ($1 billion) by Paris in compensation money. Footage courtesy of Egypt State Television
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