Friday 22 Nov
The Embassy of the Republic of Korea in Egypt, in partnership with the Korea Trade-Investment Promotion Agency (KOTRA) and the Export-Import Bank of Korea's Cairo office, hosted the "Korea-Egypt Project 2024" forum at the Four Seasons Hotel Cairo at Nile Plaza. This forum was convened to foster stronger partnerships between Egypt and South Korea in project development.
Egyptian participants included
representatives from key government agencies, such as the Ministry of
Transport, Ministry of International Cooperation, National Authority for
Tunnels, Egyptian Railways, Maritime Transport Sector, Suez Canal Authority,
New Administrative Capital for Urban Development Company, and the Holding
Company for Water and Wastewater. Additionally, major companies presented
promising projects and discussed potential collaborations with South Korean
firms.
From South Korea, approximately
45 companies from various sectors, including energy, engineering, construction,
electronics, and transportation, attended either in person or online to explore
project cooperation opportunities with Egypt.
Korean Ambassador Kim Young-hyun,
who was present at the event, highlighted Egypt's active development of
infrastructure in sectors such as the new administrative capital, urban
development, transportation, environment, energy, and maritime navigation. He emphasized
the potential for significant synergy between these projects and the expertise
and capabilities of South Korean companies.
Ambassador Kim emphasized that
South Korean companies are actively involved in Egypt's manufacturing sector,
producing electronics and smartphones. They have also successfully collaborated
on projects such as nuclear power plants, transportation infrastructure, and
oil refineries. The ambassador noted that the projects showcased at the forum
are essential for Egypt's sustainable development and lay the groundwork for
long-term economic growth. He expressed his hope that this forum would
facilitate increased contributions from South Korean companies to Egypt's
development, strengthening the economic ties between the two countries.
A distinguished group of
government officials attended the event, including Brigadier Wael Naeem,
Advisor to the Minister of Transport, and Tamer Taha, Advisor to the Minister
of Planning and Economic Development and International Cooperation. The Korean
Embassy was represented by Yang Ji-hyun, Counselor, and Yi Hyun-do, Commercial
Attaché. The forum was also attended by Sid Shin Ji-hyun, General Manager of
the KOTRA Cairo office, and Lee Hyun-jung, Branch Manager of the Export-Import
Bank of Korea in Cairo.
Following this forum, KOTRA will host the "Korea-Egypt Business Meeting for Projects" from August 28 to September 12, either online or in person. Egyptian government agencies and prominent companies are expected to participate in discussing project cooperation opportunities with South Korean businesses.
