Russian media have quoted the president of Rocket and Space Corporation (RSC) Energia, Vladimir Solntsev, as saying Russia and Egypt would sign a protocol on a new satellite for remote sensing before the end of 2015.
The satellite will be launched within three years, according to Solntsev.
He added that the two sides will soon coordinate matters related to the size of the satellite and its standards, and if the project succeeds a third satellite could be launched.
Egypt launched its first Energia-produced satellite in April 2014.
Edited translation from Al-Masry Al-Youm