Egypt is set to strengthen its ties with Russia amid reports it is on the brink of finalising a £25bn loan to fund a nuclear power facility near Daaba. Egypt has had a tumultuous recent history, and despite having an energy surplus, President Abdul Fattah al-Sisi insists the project will ensure a stronger future for his nation. The Egyptian government says that if Moscow agrees to provide financial support for the project, which would be built by Russian state-owned company Rosatom, then Cairo could receive up to $400m (£264m) in
Egypt is set to strengthen its ties with Russia amid reports it is on the brink of finalising a £25bn loan to fund a nuclear power facility near Daaba. Egypt has had a tumultuous recent history, and despite having an energy surplus, President Abdul Fattah al-Sisi insists the project will ensure a stronger future for his nation. Critics have argued the country does not need any more power facilities, and have warned not only of the financial implications of the proposed loan, but also the dangers of increasing ties with Russia and alienating the US.