The presidents of Egypt and Russia participated in a ground-breaking ceremony for the construction of Egypt’s El Dabaa Nuclear Power Plant (NPP).
Vladimir Putin and Abdelfattah El Sisi poured concrete into the foundation of the plant via video link.
Putin explained that the joint project will boost the Egyptian economy, offer additional energy resources, and contribute to building new enterprises and employment generation.
He lauded the long history of industrial cooperation and implemented joint projects between both countries, citing the Aswan dam as an example.
“Egypt is indeed our close friend and strategic partner. We cooperate on the principles of equality, mutual respect and consideration of each other’s interests,” he said.
According to the Russian leader, mutual trade between Russia and Egypt grew 20% in the past 10 months.
Egypt’s rise to the BRICS economic bloc opens new possibilities for cooperation, he said.
“During the Russian presidency of the BRICS this year, we will try to do everything possible to ensure that Egypt is effectively integrated into the work of the association,” he said.
Putin invited Sisi to attend the BRICS summit in the Russian city of Kazan later this year, noting that in general, he expects Egypt’s participation in more than 200 BRICS events scheduled for the year.
“In general, Mr. Sisi and I are in constant contact. Last year we met during the second Russia-Africa summit. We regularly discuss all the most important issues on the international and regional agenda for our countries,” he said.
The Russian president noted that one of the points of discussion with Sisi is the situation in the Gaza Strip which has been pummelled by more than three months of Israeli bombardments.
“We exchange views and coordinate positions in connection with the tragic development of the situation in the Palestinian-Israeli conflict. We are solving humanitarian issues,” he said.
Per the 2015 Russian-Egyptian intergovernmental agreement, the Rosatom State Corporation is building Egypt’s first nuclear power plant in the town of El Dabaa. There are plans to build four power units with a total capacity of 4,800 megawatts.