Korean Ambassador, Head of Arab Organisation for Industrialisation discusses business cooperation

Daily News Egypt
3 Min Read

Korea’s Ambassador in Cairo Hong Jin-wook met with the Head of the Arab Organisation for Industrialisation Mokhtar Abdel Latif on Thursday to congratulate him on his assumption of the position of head of the Organisation and exchanged views on ways to enhance cooperation between Korean companies and the Organisation.

Hong stressed that the bilateral relationship between Korea and Egypt is witnessing remarkable progress in various fields, including transportation, infrastructure, nuclear power plants, military production, cultural exchange, and others, since the establishment of the comprehensive cooperative partnership between the two countries in 2016 on the occasion of President Abdel Fattah El-Sisi’s visit to South Korea.

The ambassador also expressed his wishes to deepen the cooperative relationship between the Arab Organisation for Industrialisation, which plays a pivotal role in the Egyptian economy, and Korean companies with global competitiveness in several fields based on the existing relations between the two countries.

In particular, Hong mentioned that the friendship between the two countries is progressing after the visit of the former president of Korea to Egypt in January and the telephone conversation between the Korean and Egyptian presidents in October, noting that Korea and Egypt enjoy cooperative relations in the field of military production and national defence more actively than ever, especially after the signing of a contract for the export of the K9 howitzer from Korea to Egypt in February and the joint air show over the Pyramids of Giza in August.

Hong also stressed that he hopes to expand cooperation continuously in the next stage through several joint programmes, including the joint production of FA-50.

For his part, Abdel Latif expressed his wishes to strengthen the cooperative relationship with Korean companies in various fields, such as electronic products, railways, subways, sea water desalination, and others, adding that Korean companies will also benefit from cooperation with the organisation, as it will facilitate their entry not only to the Egyptian market, but also to Europe and Africa.

The two sides also agreed that Korean companies with high technological capacity contribute to improving the quality of life of the Egyptian people as well as improving the Egyptian economy through their participation in several national projects, such as the Cairo Metro and the establishment of the Dabaa Nuclear Power Plant.

Additionally, the two sides agreed to work continuously to find new areas of cooperation, not only for the benefit of Korean companies and the Arab Organisation for Industrialisation, but also for the benefit of the people of the two countries.

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