Russia and Egypt will work together to build a nuclear power plant in the Egyptian city of Dabaa, Matrough province, Egyptian President Abdel-Fattah al-Sisi said.

After his talk with visiting Russian President Vladimir Putin in Cairo, Sisi said his Russian counterpart signed a memorandum of understanding for the establishment of the nuclear power station.

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"I attended with President Putin the ceremony of signing a memo of understanding to establish a nuclear power station in Dabaa," Sisi said in a joint press conference with Putin.

Sisi added that the visit of Putin in Cairo further boosted the Egyptian-Russian relations, taking the bilateral ties to wider horizons.

Aside from an agreement to build nuclear power plant in Egypt, the two presidents also agreed to set up an Egyptian-Russian free trade zone and a Russian industrial city near the Suez Canal.

"We also agreed to continue military cooperation between our two countries," Sisi added, appreciating Russia's support for Egypt and its "war against terrorism."

For his part, Putin said he and Sisi have agreed on various deals, including investments in energy.

He said the establishment of a nuclear power station in Dabaa will open new horizons for the Egyptian economy.

There are at least 400 Russian firms operating in Egypt and three million Russian tourists visited Egypt last year.

Putin arrived on Monday on his first visit to Egypt in ten years.

Xinhua news reported that the two leaders shared same positions on regional and international issues, including the necessity for reaching political solutions to the turmoil in Syria, Libya, Iraq and Yemen and on implementing the two-state solution to end the Palestinian-Israeli conflict.

TagsRussia, Egypt, Putin, Egypt Nuclear Plant