France’s Naval Group is establishing a permanent local presence in Egypt as part of efforts to establish a long-term support presence in-country.
CEO Hervé Guillou announced the formation of the new subsidiary on 6 September just prior to the launch of the Gowind 2500 corvette Port Said at Alexandra Shipyards (ASY). Naval Group is providing ASY with transfer of technology and material assistance for the local build of three Gowind 2500s, having itself built first-of-class El Fateh at its Lorient facility in northwest France.
The Gowind 2500 corvette programme forms part of a broader long-term partnership between Naval Group and the Egyptian Navy.
Want to read more? For analysis on this article and access to all our insight content, please enquire about our subscription options at ihsmarkit.com/janes