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Egypt and Korea announced the elevation of their relations to the level of a strategic partnership, aimed at strengthening cooperation in infrastructure, modern technology, smart cities, and domestic industrialization, in line with Egypt's developmental priorities, especially in urban development and digital transformation. The agreement includes expanding the participation of Korean companies in Egyptian projects, increasing investments, and enhancing collaboration in industry and energy sectors. This partnership also facilitates the transfer of technological expertise, the development of technical skills, and the enhancement of the Suez Canal Economic Zone, with the goal of achieving growth and economic development in Egypt.
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