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President Sisi: Strengthening Egypt–Korea Ties
President Abdel Fattah El-Sisi participated in a roundtable discussion in Seoul with Korean company executives and representatives of the business community during his official visit to Korea. He emphasized the strength of the economic and investment partnership between Egypt and Korea, welcoming increased cooperation in manufacturing, modern technologies, renewable energy, and infrastructure. He called for the establishment of a Korean industrial zone within Egypt to enhance production and exports. The President reviewed the economic reforms Egypt has implemented to create a better investment environment, including currency liberalization and legal updates, along with incentives and facilitations for investors. He underscored that opportunities in Egypt are attractive for Korean investments, particularly in the oil, gas, and renewable energy sectors. Additionally, he urged Korean companies to expand their investments in Egypt and to collaborate on joint projects for infrastructure development in Arab and African countries. He also called for activating the Egyptian-Korean Business Council to hold regular forums and translate these opportunities into on-the-ground projects.
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