The two sides exchanged views on ways to overcome the obstacles faced by Korean companies operating in Egypt, as well as ways to support them.
The Russian ASE JSC (Atomstroyexport, JSC) won this tender and KHNP will participate in the construction of power generation facilities (Turbine Island) for the El Dabaa NPP by signing the contract on August 25 with ASE, the main implementing company for the project, the statement added.
It will be performed by Egypt's Silver Stars team and South Korea's Black Eagles team.
Ambassador of Republic of Korea to Egypt, Mr. Hong Jin-wook met with the Governor of South Sinai M.G. Khaled Fouda on Tuesday, June 14th and had a productive discussion on how to expand the already strong people-to-people exchanges between the two nations.
The meeting aims to introduce the Egyptian government’s economic reform and its policies to attract foreign investment and to discuss support for Korean Companies in Egypt.
This EDCF policy dialogue was attended by the Korean Ministry of Economy and Finance and the Korean EXIM bank delegations visiting Egypt from May 26th to June 1st, said the Korean embassy in a statement.
The Egyptian government has set the improvement of its railway system as one of the national priorities and plans to invest 220 billion USD until 2024.
Egypt’s Ambassador to South Korea Khaled Abdel Rahman presented his credentials to South Korean President Moon Jae-in, who wished him success in his mission in South Korea.
South Korean ambassador said the Egyptian government is proceeding ahead will development efforts, with a view to carrying out all national ventures, despite the negative impact of the coronavirus and the Russian-Ukrainian crisis, thus luring South Korean investors to expand investments in Egypt.
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The two ministers discussed strengthening cooperation and financing plan for the localization project of metro train for Cairo metro line 2 and 3.
Chief of Defence Acquisition Program Administration (DAPA) Kang Eun-ho attended the signing ceremony, a statement by the Egyptian military spokesman said.
The MOU stipulates future plans to cooperate in all areas of cultural heritage: conducting archaeological excavation and restoration (including underwater archaeology).
South Korean President Moon Jae-in and Prime Minister Mostafa Madbouli attended Thursday the South Korean-Egyptian Roundtable for Green Industries.
Egyptian exports to South Korea decreased 9.5 percent to $560.2 million, compared to $613.5 million, during the same period of 2020.
President Sisi affirmed Egypt's permanent support for all mechanisms that guarantee the security and stability of the Korean Peninsula, Rady added, noting that both Presidents held a mini-summit that was followed by an expanded meeting.
South Korean Ambassador Hong Jin-wook to Egypt would hold a press conference on Sunday, January 16 to announce the details of the visit of the Korean President to Egypt.
About 4.3% of the participants visited the East Asian nation, while 65% of them look forward to visiting it. Nearly 69% see that the two Koreas should improve their bilateral ties.
The South Korean Ambassador to Cairo Hong Jin-Wook visited the headquarters of the Egyptian Space Agency, Tuesday, where he praised the Egyptian efforts and capabilities, and pushed for furthering bilateral cooperation in space sector.
South Korea has developed cooperation with Egypt in various fields since President Abdel Fatah al-Sisi’s visit in 2016, said South Korean Ambassador in Cairo Hong Jin Wook.