Modon Holding posts AED 2.1bn net profit in H1 2025    Egypt's Electricity Ministry says new power cable for Giza area operational    Egypt exports first high-tech potato seeds to Uzbekistan after opening market    Egypt's Al-Sisi, Italian defence minister discuss Gaza, security cooperation    Egypt's FM discusses Gaza, Nile dam with US senators    Aid airdrops intensify as famine deepens in Gaza amid mounting international criticism    Health minister showcases AI's impact on healthcare at Huawei Cloud Summit    On anti-trafficking day, Egypt's PM calls fight a 'moral and humanitarian duty'    Federal Reserve maintains interest rates    Egypt strengthens healthcare partnerships to enhance maternity, multiple sclerosis, and stroke care    Egypt keeps Gaza aid flowing, total tops 533,000 tons: minister    Indian Embassy to launch cultural festival in Assiut, film fest in Cairo    Egyptian aid convoy heads toward Gaza as humanitarian crisis deepens    Culture minister launches national plan to revive film industry, modernise cinematic assets    Sudan's ambassador to Egypt holds reconstruction talks on with Arab League    I won't trade my identity to please market: Douzi    Sisi calls for boosting oil & gas investment to ease import burden    Egypt welcomes 25-nation statement urging end to Gaza war    Sisi sends letter to Nigerian president affirming strategic ties    Egypt, Senegal sign pharma MoU to unify regulatory standards    Two militants killed in foiled plot to revive 'Hasm' operations: Interior ministry    Egypt, Somalia discuss closer environmental cooperation    58 days that exposed IMF's contradictions on Egypt    Egypt's EHA, Huawei discuss enhanced digital health    Foreign, housing ministers discuss Egypt's role in African development push    Egypt reveals heritage e-training portal    Three ancient rock-cut tombs discovered in Aswan    Sisi launches new support initiative for families of war, terrorism victims    Egypt expands e-ticketing to 110 heritage sites, adds self-service kiosks at Saqqara    Egypt's Irrigation Minister urges scientific cooperation to tackle water scarcity    Palm Hills Squash Open debuts with 48 international stars, $250,000 prize pool    On Sport to broadcast Pan Arab Golf Championship for Juniors and Ladies in Egypt    Golf Festival in Cairo to mark Arab Golf Federation's 50th anniversary    Germany among EU's priciest labour markets – official data    Paris Olympic gold '24 medals hit record value    A minute of silence for Egyptian sports    Russia says it's in sync with US, China, Pakistan on Taliban    It's a bit frustrating to draw at home: Real Madrid keeper after Villarreal game    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    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    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    







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



South Korea selects Egypt as first ODA priority partner country in MENA region
Both sides discuss framework for expanding development partnership
Published in Daily News Egypt on 20 - 05 - 2021

Egypt has been selected as a priority partner country for South Korean official development assistance (ODA) in the 2021-2025 period.
Ambassador of South Korea to Egypt, Hong Jin-wook, met with Rania Al-Mashat, Minister of International Cooperation, on Wednesday, and exchanged opinions on the decision and the ways to expand and promote systematic development cooperation through ODA country partnership strategy (CPS), which will be drawn up in the coming months.
Ambassador Hong expressed his expectation for the massive expansion of the development cooperation between the two countries. He explained that Egypt is a country of great potential with young capable manpower and is already a strategic hub for the Korean business entities in Africa, the Middle East, and Europe. That is why Korea designated Egypt as the only ODA priority partner country in the Middle East and North Africa (MENA) region.
He hoped that this would contribute to the successful implementation of Egyptian President Abdel Fattah Al-Sisi's structural reforms across the economy and society.
In response, Minister Al-Mashat appreciated South Korea for its continued cooperation, and she hopes that the field of partnership will be expanded focused on Korea's strengths such as cutting edge technology, sustainable economic growth model, and human resource development.
Ambassador Hong and Minister Al-Mashat reviewed the status of ongoing ODA grants, worth $2.7m including $1.9m for newly implemented projects in 2021 including the master plan for the modernisation of urban transportation in Alexandria and the waste management in Greater Cairo project.
They also agreed to organise regular working-level consultations to explore new projects in diversified fields and possible adaptation of framework agreement between the two sides.


Clic here to read the story from its source.