Petroleum Africa
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Friday, June 12, 2015
Russian Helicopters is negotiating new deals and expanding horizons, specifically in Egypt. The company is currently discussing large-scale cooperation projects resulting from the “Trade and Industrial Dialogue – ‘Russia-Egypt’”, which was recently held in Cairo.
During the closing press conference, company CEO Alexander Mikheev discussed the importance of cooperation with Egypt in terms of sales, as well as the potential for manufacturing and assembly of helicopters in Egypt.
“There are about 108 helicopters that are already operating in Egypt, most of which are used by the Egyptian army. Russia intends to work with Egypt to expand its helicopter fleet for the civilian market. This includes helicopters for hospitals, rescue units, as well as helicopters for passenger flights,” Mikheev said.
In addition, Mikheev also expressed the company’s readiness to deal with the private sector in Egypt, to provide helicopters that could help transport workers and equipment weighing up to 20 tons in rugged mountainous terrain and to remote locations such as oil and gas installations.
“We can work with the Egyptian side through the private equity fund that will be created for Russian investments in Egypt. We are also looking into expanding our service center capabilities, as we all are anticipating opening one soon here in Egypt,” he added.
Mikheev stressed that there are ongoing consultations with Egypt and that the company is ready to cooperate in a number of projects that include local assembly operations. He added that the Egyptian government is interested in the Russian helicopters, which are durable and can withstand Egypt’s hot climate.
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