South Korea to Attend Egypt’s Investment Summit – Presidency

South Korea will attend Egypt’s investment summit, scheduled for next March, its prime minister told Egyptian President Abdel Fattah al-Sisi during a meeting in Cairo on Sunday.

Korean Prime Minister Jung Hong-won arrived in Cairo on Saturday as part of his visit to the region to strengthen economic ties.

Sisi said his country is looking forward to reinforcing its economic ties with South Korea, in light of the existing investment opportunities in the Middle Eastern country, a presidency statement read.

He also expressed his country’s keenness on South Korea’s representation in the investment summit, scheduled to be held from March 13 to 15 next year.

Egypt’s Planning Minister Ashraf al-Arabi announced in September that the country will hold a conference in February to attract foreign companies, donor and international organisations.

Finance Minister Hany Kadry Dimian nevertheless said earlier in November that the conference will be postponed to March to avoid its overlap with Chinese holidays.

Sisi told Hong-won Egypt is keen on boosting economic cooperation with South Korea in the fields of renewable energy, waste recycling, and small and medium enterprises. The president also stressed the importance of encouraging South Korean tourism into Egypt.

The Korean prime minister noted that his country is looking forward to Sisi’s visit, scheduled for next year to commemorate the 20th anniversary of the Egyptian-Korean diplomatic relations, the presidency statement read.

Hong-won is also reportedly visiting Morocco and Azerbaijan to look into strengthening economic ties with them.

Source : Aswat Masriya