Global Economics names Contact Financial Holding the Fastest Growing Finance Company in Egypt    EGYPS 2022 begins a year of strategic energy dialogue    Egypt's stocks mixed on Tuesday as main gauge EGX 30 falls 0.63%    Egypt works on charting cooperation strategies with international institutions for 5 years: Al-Mashat    Maha karara joins AAIB as Head of Corporate Communications, Sustainability    Over 2.4 million newborns examined for hearing impairment: Health Ministry    Netflix releases trailer of Arab adaption of 'Perfect Strangers' film    Balqees to headline concert celebrating launch of streaming giant LIVENow in MENA    Sawsan Badr to be honoured at Aswan Women Film Festival    Al-Sisi follows up on 'Great Transfiguration Project' in St. Catherine    Cairo, London stress need to strengthen cooperation to face climate change    Foreigners account for 22.6% of Egypt's T-bills issuances in 1H 2021: CBE    MP Abdel Hady Al-Qasby calls government to facilitate and support NGOs    Egypt's ambassador to Italy passes away    Egypt confirms readiness to help African countries face terrorism and extremism    An estimated 235 million people needed humanitarian assistance and protection in 2021, an increase of 40% compared to 2020: IOM Egypt    Egypt, DRC discuss water cooperation during WYF    Egypt, DR Congo discuss boosting bilateral cooperation during WYF    Cameroonian police probe assault on three Algerian journalists covering AFCON    Pharaohs start AFCON 2021 campaign with fierce clash against Nigeria    Foreign Ministry opens capacity building course for French-speaking African diplomats    BRICS development bank admits Egypt as new member    Nermien Ismail Schools opens a new campus in O'West    Netherlands Embassy, E7kky Magazine celebrate success of 21 Egyptian women    Women make up 45% of Egyptian Atomic Energy Authority staff    Yas Island hosts travel partners at Formula 1 Etihad Airways Abu Dhabi Grand Prix 2021    Olaf Scholz becomes Germany's new leader, ending Merkel 16-year historic era    Egypt's trade with Nile basin countries climbs 26% y-o-y in 9 months    The unvaccinated prohibited from entry to Egypt state institutions starting December 1    Egypt's iron and steel exports jump 197% in 8 months    Ethiopia halts work at its embassy in Egypt for 'economic reasons'    It's a bit frustrating to draw at home: Real Madrid keeper after Villarreal game    Russia says it's in sync with US, China, Pakistan on Taliban    Shoukry reviews with Guterres Egypt's efforts to achieve SDGs, promote human rights    Sudan says countries must cooperate on vaccines    Johnson & Johnson: Second shot boosts antibodies and protection against COVID-19    Egypt to tax bloggers, YouTubers    Egypt's FM asserts importance of stability in Libya, holding elections as scheduled    Brazil calls up 8 EPL players for World Cup qualifying    We mustn't lose touch: Muller after Bayern win in Bundesliga    Egypt records 36 new deaths from Covid-19, highest since mid June    Egypt sells $3 bln US-dollar dominated eurobonds    Sisi calls on House, Senate to commence second legislative sessions on 3, 5 October    Gamal Hanafy's ceramic exhibition at Gezira Arts Centre is a must go    Italian Institute Director Davide Scalmani presents activities of the Cairo Institute for ITALIANA.IT platform    Qa'a play showing at Lycee El Horreya Theatre, Alexandria is a must go    On International Museum Day, Egypt opens two new museums at Cairo Airport    Old Cairo's Al-Fustat will be revamped on Egyptian President's directives    







Thank you for reporting!
This image will be automatically disabled when it gets reported by several people.



Al-Ahwani negotiates $ 115m loan with South Korean government
KOICA provided Egypt with a grant worth $ 1m to prepare feasibility studies needed to operate an integrated technological educational complex
Menna Samir Published in Daily News Egypt on 28 - 07 - 2015

Egypt's Minister of International Cooperation Nagla Al-Ahwani is currently holding talks with the South Korean government to obtain a concessional loan worth $ 115m to develop Egypt's railway sector.
An official statement from the ministry on Monday indicated that Al-Ahwani met with South Korea's ambassador to Egypt Chung Kwang. The statement added that, both parties signed a joint letter during the meeting concerning the implementation of feasibility studies needed to operate an integrated technological educational complex located in the Cairo district of Al-Amiria.
The preparation of the feasibility studies will take place via a grant worth $1m provided by the Korea International Cooperation Agency (KOICA).
South Korea is an important development partner for Egypt, Al-Ahwani said. Egypt has received, in the last decade, much in the way of aid and grants from the Korean government. These have been used for the development of Egyptian nationals' skills, particularly in the electricity, industry and information technology sectors, a ministry statement said.
The Korean government is currently cooperating with the Ministry of Electricity by providing a $2.6m non-refundable grant to complete the second phase of the "development and automation of the electrical distribution system in North Cairo".
The cooperation between KOICA and Egypt dates back to 1991, and includes: dispatching Korean experts to Egypt; providing training courses; and funding feasibility studies for a number of projects. KOICA provides annual aid to Egypt worth approximately $5m, according to the official website of the State Information Services (SIS).

Clic here to read the story from its source.