Korea will increase infrastructure investments in Egypt to$3bn in the next few months,Korea’s Minister of Trade, Industry and Energy Joo Hyunghwan has announced.
According to Korea’s Minister of Trade, Industry and Energy Joo Hyunghwan this came after the two countries signed a working together deal to empower the growth of both economies to the next level.
Hyunghwan said, during the opening ceremony of the Egypt Korea Business Forum on Thursday, that there are efforts between Egypt and Korea to achieve this goal and to increase the volume of trade exchange between the two countries.
Tarek Kabil, Egypt’s minister of trade and industry, signed on the sidelines of the forum a protocol of cooperation with the Korean minister of industry to support small and medium industries.
The Commercial Annex of the South Korean embassy in Cairo also signed a cooperation protocol with the Cairo Chamber of Commerce to increase the volume of trade exchange between the two countries.
Extract from constructionreviewonline.com
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