FILE - Egyptian President Abdel Fattah El Sisi - Kremlin
CAIRO - 13 August 2020: Egypt's President Abdel Fattah El Sisi on Thursday has approved a South Korean grant worth a maximum of $2.9 million, as a contribution to support a national project to automate the system of intellectual propery in the Egyptian Patents Office, the Official Gazzette reported.
The project includes improving the efficiency of patent management, by using the online patent application system, facilitating the public access to patent information, establishing an electronic services portal for the public, setting up a capacity development program by sending Korean experts to the Egyptian Patent Office, and training office members in South Korea.
Late Minister of State for Military Production Mohammed el Assar discussed in January with South Korean Ambassador to Egypt Yoon Yeocheol prospects of cooperation between both sides, state's MENA reported.
Assar asserted his ministry's keenness on fostering strategic partnership with South Korea in various fields, the ministry said in a statement on Saturday.
The two sides tackled means of cooperation in transferring the advanced Korean technology to Egypt.
They also reviewed the joint manufacturing of Korean products in the factories of the Military Production Ministry and benefiting from Egypt as a hub for exporting the Korean products to Arab and African markets.
The South Korean envoy hailed the distinguished technical and technological potentials of the Egyptian military production factories.
He also commended fruitful cooperation and confidence between both sides which he said encouraged the Korean companies to establish new partnerships with the Egyptian ministry.
He also praised Egypt's key role in achieving security, peace and stability in Africa and the Middle East region, highlighting its role in combating terrorism and improving security conditions.