Egypt-Korea Business Council announced a proposal to establish a mega industrial zone for the Korean industries in Egypt, said chairman Sherif El Gabaly.

El Gebaly further told Amwal Al Ghad that the industrial zone is the first of its kind in Egypt for South Korea’s industries, notably to focus on the car feeding industries.

The volume of trade exchange between Egypt and Korea stands at US$2.5 billion approximately. Egypt’s exports to the Korean market are mainly in sectors of petroleum; while Korea’s exports to Egyptian market are mainly in areas of car industry and electrical appliances.