The upcoming visit of the South Korean President to Egypt during this month of January reflects the growing relations of the two countries..
Dr. Mohamed Maait, Minister of Finance, affirmed that we are keen on maximizing foreign investments in Egypt, including Korean investments, by striving to attract more Korean investors, and overcoming any obstacles in front of them, in order to motivate them to expand their production activities, in a manner consistent with The state’s efforts to localize global expertise and advance the national industry in various sectors, adding that the upcoming visit of the South Korean President during the month of January reflects the remarkable growth in the relations of the two countries in various fields.
Maait: The state pays attention to improving the business climate
In his meeting with Hong Jin-wook, the South Korean ambassador in Cairo, the Minister of Finance said that we look forward to strengthening cooperation and encouraging the flow of Korean investments in Egypt, as we seek to open new horizons for investment between the two countries, with a focus on all development and technological sectors. In a way that contributes to the gradual transformation of the digital economy, and keeps pace with global changes.
The Minister of Finance added that the state attaches great importance to improving the business climate, developing infrastructure, and automating procedures, financial services and business systems related to various investment fields.
Signing of several cooperation agreements during the visit of the Korean President to Egypt
The Minister of Finance explained that the government is keen to attract more investments, as it is the main engine of economic growth that provides more job opportunities, contributes to improving the quality of life of Egyptians, and raises their standard of living and the services provided to them.
The minister added that the coming period will witness holding meetings with Korean investors, businessmen and the Korean Chambers of Commerce, via video conference, to introduce the investment climate in Egypt. In a way that contributes to enhancing ways to increase investments by Korean companies operating in Egypt, and attracting more new Korean investors.
Korean Ambassador: Egypt is witnessing an unprecedented change for the better
For his part, Hong Jin Wook, South Korean Ambassador, affirmed that his country believed that Egypt needed to change through carrying out reforms, and now we are witnessing a revolution of change for the better that is proceeding very quickly and in an unprecedented manner in Egypt, and that the Korean business community notes the tangible improvement in the investment climate in Egypt, including In that unprecedented development in the tax and customs systems; This is reflected in the increase in the volume of Korean investments in Egypt in recent years.
He pointed out that his country has decided that Egypt will be its strategic partner at the level of the African continent during the coming years, in a way that is reflected in his country's keenness to provide all aspects of support for the Egyptian development process. This indicates the confidence of the Korean side in the Egyptian economy, the delicate reforms that are taking place during this stage, and their positive impact in the near future; Especially since Egypt now enjoys an integrated infrastructure of facilities and services, which is a strong pillar for any development partnership.
He added that his country is looking forward to strengthening ways of cooperation with the Egyptian government in various fields, and it is expected that the visit of the Korean president to Egypt, as it is the first African country he visits, will witness the signing of several agreements to encourage development cooperation between the two countries, explaining that the performance of the Egyptian economy and its success in overcoming challenges, especially the consequences of the pandemic. Corona” was appreciated and admired by many international institutions.
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From January 20 to 21, Moon is on a state visit to Egypt at the invitation of Egyptian President Abdel Fattah El Sisi.
Moon and the Egyptian president are expected to discuss ways to further develop the comprehensive cooperative partnership between the two countries. Moon will attend a business forum where he will discuss ways to enhance cooperation in environmentally friendly business.
Presidential spokeswoman Park Kyung-mi said Moon's visit to the three Middle East countries (UAE, KSA and Egypt) is expected to boost bilateral cooperation in energy, construction and infrastructure as well as public health, science and hydrogen.
The South Korean ambassador plays “3 Daqat” “In Love with Egypt”