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Spotlight | Egypt, Saudi Arabia, South Africa
China's Poly Technologies gets in with Sisi's army thanks to IMUT's armoured vehicles

The armoured vehicles IMUT ST-500 (centre) and ST-100 (left and right).
The armoured vehicles IMUT ST-500 (centre) and ST-100 (left and right). © IMUT/Facebook
Chinese defence giant Poly Technologies has secretly taken a stake in the capital of IMUT, a company set up to deliver locally-built armoured vehicles to the Egyptian army and which is run from Pretoria by American-Egyptian busnessman Michel F. Knight. [...]
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After being prevented from competing for Egyptian arms contracts along with other French companies for the last two years, France's Naval Group is trying to get back into the Egyptian market. It is negotiating to sell Egypt a number of mine countermeasures vessels via a contract which will certainly involve offsets, which are the key to success on the Egyptian military equipment market.

LogoSubscribers only Defence, Business 26.04.2021
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