El-Sisi urges expansion of South Korean investments in Egypt with focus on industry localization

CAIRO – 20 November 2025: President Abdel Fattah El-Sisi expressed Egypt’s strong interest in expanding South Korean companies’ operations and investments across key priority sectors, including ICT and automotive manufacturing.

As he welcomed South Korean President Lee Jae Myung on Thursday, El-Sisi highlighted the investment guarantees, incentives, and competitive advantages offered by the Egyptian market.

He urged expansion of Korean investments in telecommunications and information technology, automotive manufacturing, shipbuilding, AI, petrochemicals, and mining, with an emphasis on localizing these industries within Egypt.

“I take this opportunity to invite them (Korean companies) to expand its operations and boost their investments, and I also call on new Korean companies to enter the Egyptian market and take advantage of the promising opportunities it offers,” El-Sisi said.

For his part, the South Korean leader reaffirmed Seoul’s interest in deepening cooperation with Cairo, both at the governmental level and through Korean companies operating in Egypt.

He also praised Egypt’s achievements over the past decade, including the recent inauguration of the Grand Egyptian Museum.

 

President El-Sisi commended the visit, which coincides with the 30th anniversary of diplomatic ties between the two countries.

He emphasized Egypt’s commitment to strengthening cooperation across economic, investment, cultural, and educational fields.

"Over the years, we have witnessed the development of cooperative and friendly relations between our two countries, based on mutual respect and support for peace, development, and prosperity, reaching the level of a comprehensive cooperative partnership," El-Sisi stressed.

During the visit, Egypt and South Korea signed two memoranda of understanding in culture and education.

Gaza War, Two-State Solution

The talks also addressed regional issues of mutual interest.

El-Sisi reviewed Egypt’s efforts to implement the Gaza ceasefire agreement and the related UN Security Council resolution, reaffirming Egypt’s firm position that a two-state solution is the only path to lasting peace and stability in the Middle East.

 

Lee commended Egypt’s pivotal role in promoting peace and stability in the region, particularly El-Sisi’s efforts that led to the cessation of hostilities in Gaza and the hosting of the Sharm El-Sheikh Peace Summit.

He affirmed South Korea’s support for a two-state solution and Egypt’s related initiatives.

Lee also outlined his country’s stance on developments in the Korean Peninsula and East Asia, which El-Sisi praised.

The Egyptian leader underscored South Korea’s efforts to maintain balanced and cooperative relations with various regional and international actors.

The two leaders exchanged views on situations in several countries in the region, stressing the importance of preserving national unity and sovereignty and reaching comprehensive political solutions to conflicts while safeguarding the rights and resources of their populations.