Korea, Egypt Discuss Strengthening Future-Oriented Economic Partnership

Ambassador Kim Yonghyon of the Republic of Korea in Egypt had a meeting with Egypt's Minister of Finance, Ahmed Kouchouk, on August 19 to discuss ways to strengthen economic cooperation between the two countries.

Ambassador Kim emphasized that Korea and Egypt have cultivated a close economic partnership across a wide range of sectors, including manufacturing investments, infrastructure, nuclear energy, and defense.

He highlighted that the recent positive improvements in Egypt’s macroeconomic situation are expected to open up more opportunities for Korean companies to invest in Egypt in the near future. Ambassador Kim expressed his hope that under Minister Kouchouk's new leadership, the two countries would explore new opportunities that are mutually beneficial, thereby further solidifying their future-oriented economic partnership.

Furthermore, Ambassador Kim proposed enhancing development cooperation between Korea and Egypt. He noted that Egypt is a key partner in Korea's Official Development Assistance (ODA) program, with ongoing collaboration in various fields such as eco-friendly infrastructure for the Suez Canal, railway and metro infrastructure, human resources development, and public procurement.