Egypt invites Korean firms to build industrial zone along Suez Canal

Egyptian Foreign Minister Badr Abdelatty called for an expansion of bilateral economic cooperation with Korea, highlighting Egypt’s role as a gateway to African and Middle East markets and urging Korean companies to establish a dedicated industrial zone along the Suez Canal. Speaking to reporters at the Egyptian Embassy in Seoul on Tuesday, Abdelatty, who is visiting Korea for the Korea-Africa Foreign Ministers’ Meeting, said Korea and Egypt share a “very strong and long-standing relationship” and should now focus on translating their robust political ties into broader economic and industrial cooperation. “We would like to further enhance our cooperation with South Korea,” he said. “What we need to do more is in the economic and trade areas.” A central theme of his remarks was Egypt’s strategic location and its potential as a manufacturing and logistics hub for Korean companies seeking access to wider markets. “Egypt is engaged in 11 FTA agreements,” Abdelatty said. “We have FTA agreements with the European Union, with Mercosur countries in Latin America, with Ara

Original source: Korea Times