Saudi Arabia and the United Arab Emirates will foot the bill in the $2 billion arms deal concluded by Russia and Egypt last week, the Egyptian newspaper Al-Masry Al-Youm reported with the reference to a senior official on Monday.

The source told the newspaper "the deliveries and payments will be done in two stages, the first of which will be completed before the middle of 2014."

It was reported earlier that the Egyptian army wished to acquire Russia's air defense systems, combat helicopters, Mikoyan MiG-29 jets and anti-tank systems.

Saudi Arabia and the United Arab Emirates backed the Egyptian military who removed Islamist President Mohammed Morsi from office on July 3. A number of Gulf countries allotted $12 billion to the new Egyptian authorities.

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