Egyptian govt keen on boosting cooperation with S. Korea
Thu, Feb. 13, 2020
CAIRO, Feb 13 (MENA) - Minister of International Cooperation Rania el Mashaat asserted on Thursday the keenness of the Egyptian government to deepen cooperation and exchange expertise with South Korea in addition to establishing new developmental projects.
This came during Mashaat's meeting with South Korean Ambassador to Egypt Yoon Yeocheol.
Yoon asserted that his country is looking forward to increasing developmental and economic cooperation with Egypt to achieve new developmental success.
He pointed out that the South Korean business community is keen on expanding activities in Egypt.
Both sides discussed boosting developmental cooperation between Egypt and South Korean within the framework of comprehensive partnership between both countries.
The current cooperation portfolio between Egypt and South Korea stands at 458 million dollars invested in projects of developing the railway signal system of (Nag Hamadi-Luxor) and the project of supplying and manufacturing 32 train locomotives to operate the the 3rd and 4th phases of the 3rd line of the subway with the worth of 243 million euros.
Both sides tackled cooperation with the Export-Import Bank of Korea (Korea Eximbank).
They also asserted the importance of encouraging the private sector in both countries to enter in developmental projects with development partners within the framework of achieving integration between them.