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Russia lends Egypt $25 billion for Dabaa nuclear power plant

Experts warn that all safety and security precautions must be taken before the Dabaa nuclear plant in Marsa Matrouh is established, and they fear the impact of the massive Russian loan of $25 billion on the rise of Egypt's external debt.
Egypt's President Abdel Fattah el-Sisi speaks with Russia's President Vladimir Putin during the first plenary session as part of the 2019 Russia-Africa Summit at the Sirius Park of Science and Art in Sochi, Russia, October 24, 2019. Sergei Chirikov/Pool via REUTERS - RC1AA9297200

CAIRO — Atomstroyexport, a subsidiary of Russia’s State Atomic Energy Corporation, or Rosatom, announced Feb. 17 that three Egyptian companies were awarded a tender offer for constructing the first phase of Egypt’s Dabaa nuclear power plant.

The three Egyptian companies, competing among 10 others, are Petrojet, Hassan Allam and the Arab Contractors.

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