Egypt seeks to attract more South Korean investments – minister

Egypt’s Minister of Finance Mohamed Maait said during his meeting with South Korean Ambassador to Cairo, Kim Yong-hyun, on Tuesday, that the country aims to expand the scope of foreign investments from South Korea.

The North African country welcomes the transfer of global expertise and the advancement of the national industry in different sectors, in line with the state’s efforts to achieve sustainable development.

The smbassador Kim Yong-Hyun expressed his country’s interest in developing and strengthening its relations with Egypt, as well as expanding its investments in Egypt in the coming period.

Maait also mentioned Egypt contribute to stimulate local and foreign investments and overcome any challenges they may face, through the state ownership policy document, the golden license, and the government offering programme.

The meeting held to discuss ways to enhance bilateral cooperation in various fields, as it attended by Hossam Hussein, advisor to the Minister of Finance for external relations, and Nisreen Lashin, head of the Investor Support Unit.