President Abdel Fattah El Sisi witnessed the signing ceremony of a number of Memoranda of Understanding, MoUs, between Egypt and South Korea in the fields of trade and economic partnership, development cooperation, and the railways.
Sisi received South Korean President, Moon Jae-in, at Ittihadia Palace, where a formal reception was held, national anthems were played and guard of honor was inspected, according to Presidency Spokesperson Bassam Rady on Thursday.
The two leaders held a session of bilateral talks, followed by an expanded meeting that included the delegations of the two countries.
Sisi welcomed his South Korean counterpart on the first visit of a South Korean president to Egypt in nearly 16 years. He also lauded the profound relations between the two countries as well as the remarkable momentum in their ties during the last period.
“The president stressed the importance of activating the comprehensive cooperative partnership between the two sides to be commensurate with the capacities and capabilities of Egypt and South Korea and help Egypt benefit from South Korea’s unique experience of development,” said Rady.
On his part, the South Korean President expressed pleasure at visiting Egypt for the first time.
President Moon is looking forward to developing and strengthening South Korea’s relations with Egypt, especially in light of its pivotal role under the leadership of President Sisi, so as to lay the foundations for stability and security in the Middle East and the African continent.
The South Korean president also confirmed his country’s interest in boosting the size and scope of its investments in major development and infrastructure projects in Egypt and other projects in all sectors.
President Sisi gave a speech at the press conference with South Korea’s Moon Jae-in and stressed “Our discussions also reviewed opportunities for potential partnerships between the Egyptian companies operating in Africa and Korean companies, in addition to promoting investment in Africa, especially in the field of infrastructure.”