S. Korea, Egypt Boost Project Cooperation Efforts

The Embassy of the Republic of Korea in Egypt, in partnership with KOTRA (Korea Trade and Investment Promotion Agency) and the Export-Import Bank of Korea Cairo office, hosted the "2024 Korea-Egypt Project Plaza Seminar" on August 28th at the Four Seasons Hotel Cairo at Nile Plaza.

This seminar was organized to support and enhance cooperation between Korea and Egypt in the field of project development. Egyptian participants included representatives from key government agencies such as the Ministry of Transportation, Ministry of International Cooperation, National Authority for Tunnels (NAT), Egyptian National Railways (ENR), Maritime Transport Sector (MTS), Suez Canal Authority (SCA), Administrative Capital for Urban Development (ACUD), and Holding Company for Water and Wastewater (HCWW), as well as major company representatives. 

They introduced promising projects and discussed collaboration opportunities with Korean firms. From Korea, around 45 companies from various sectors, including energy, engineering, construction, electronics, and transportation, attended either in person or online to explore opportunities for project cooperation with Egypt.

Ambassador Kim Yonghyon, who attended the event, noted that Egypt is actively working on infrastructure development across various sectors, including the construction of the New Administrative Capital, urban development, transportation, environment, energy, and maritime. 

He emphasized that these development projects have the potential to create significant synergy through collaboration with Korean companies, which possess extensive experience and capabilities. 

Ambassador Kim also highlighted that Korean companies are already actively involved in Egypt's manufacturing sector, producing electronics and smartphones, and have achieved successful collaboration in areas such as nuclear power plant, transportation infrastructure, and oil refinery construction.

Ambassador Kim noted that the various projects introduced at the seminar are crucial for Egypt's sustainable development, laying the foundation for long-term economic growth. 

He expressed hope that this seminar would lead to increased Korean corporate contributions to Egypt's development and strengthen economic cooperation between the two countries.

Meanwhile, a distinguished group of government officials attended the event, including Brig. Wael Naem, advisor to the Minister of Transport, and Mr. Tamer Taha, advisor to the Minister of Planning, Economic Development, and International Cooperation. 

The Korean Embassy was represented by Mr. Yang Jehyun, Counsellor, and Mr. Yi Heondu, Commercial Attache. Furthermore, Mr. Shin Jaehyeon, Director General of KOTRA Cairo Office, and Ms. Lee Hyonjong, Director of the Export-Import Bank of Korea Cairo Branch, were among the attendees.

Following this seminar, KOTRA will host the "Korea-Egypt Project Business Meeting" from August 28 to September 12, both online and offline. Egyptian government agencies and prominent companies are scheduled to participate and discuss project collaboration opportunities with Korean businesses.