Held 'Korea-Egypt Business Roundtable' in Cairo, Egypt on January 20
30 business people from Korea and Egypt attended...Signed MOU·LOI in trade cooperation and green society sectors -
KOTRA (President Yu Jeoung-yeol) joined hands with the Korea Chamber of Commerce and Industry (Chairman Choi Tae-won) and held a 'Korea-Egypt Future·Green Business Round' with the Egyptian Businessmen's Association (Chairman Ali Helmy Eissa) on January 20 (local time).
President Moon Jae-in and Mostafa Madbouly, Prime Minister & Minister of Investment and Administrative Reform, attended the roundtable and encouraged business people. On the Korean side, participants included Minister Moon Sung-wook of Trade, Industry and Energy (MOTIE), President and CEO Yu Jeoung-yeol of KOTRA, President Joo Si-bo of POSCO International who is also serving as Chairman of the Korea-Egypt Economic Cooperation Association, Chairman and President Lee In-ho of Korea Trade Insurance Corporation, Chairman and President Bang Moon-kyu of Export-Import Bank of Korea, CEO Lee Yong-bae of Hyundai Rotem, and Myung-shin CEO Lee Tae-gyu.
On the Egyptian side, Nevine Gamea, Egypt's Minister of Industry & Trade, Hisham Tawfik, Minister of Public Business Sector, Ali Helmy Eissa, Chairman of the Egyptian Businessmen's Association, Khaled Mohamed Nosseir, Chairman of Alkan Holdings, Maged El Menshawy, Chairman and CEO of Mana Pharma participated.
The roundtable, which was held along with the signing ceremony of the Memorandum of Understanding (MOU) and Letter of Intent (LOI), was attended by about 30 Korean-Egyptian businessmen and heads of organizations engaged in eco-friendly and future new industries. Based on the ‘Egypt Vision 2030’, the sustainable development strategy of the Egyptian government, they decided to strengthen the mutually beneficial partnership between the two nations by discovering cooperative projects for eco-friendly and future industries such as electric vehicles, IT, and transportation. It also provided an opportunity to establish and strengthen the bilateral trade cooperation system in response to global supply chain instability.
A total of three MOUs and two LOIs were concluded at the signing ceremony of the Memorandum of Understanding (MOU) and Letter of Intent (LOI) held after the roundtable: two of which were achievements related to 'Strengthening Trade Cooperation'; and 3 were related to 'Leaping to a Green Society'.
KOTRA President Yu Jeoung-yeol said, “Egypt is Korea's important strategic cooperation partner as a bridgehead for entry into the Middle East and North Africa and a global logistics base," adding "KOREA will spare no efforts in supporting domestic SMEs who want to enter the Egyptian market in step with 'Egypt Vision 2030'."
Source : KOTRA (January 21, 2022)