Egyptian aid convoy heads toward Gaza as humanitarian crisis deepens    Egypt, South Africa pledge to deepen development cooperation at G20 meeting    Egypt's PM orders road maintenance review, tougher penalties to curb accidents    Egypt, Novartis explore expanding collaboration in oncology, cardiology    Iran launches mass deportation of Afghans amid spying allegations    EU, China agree on rare earths, climate but divisions remain on trade, Ukraine    Association of Real Estate Developers seeks urgent meeting over threatened land deallocation on Northwest Coast    Midar partners with Adeer to develop Boulevard project in Mostakbal City with EGP 70bn investment    Over 60 million visits recorded under Egypt's Women's Health Initiative since 2019    Culture minister launches national plan to revive film industry, modernise cinematic assets    Thailand, Cambodia clash on new front as tens of thousands flee    Sudan's ambassador to Egypt holds reconstruction talks on with Arab League    UK pay settlements stagnant amid inflation surge    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    EGX to close Thursday for July 23 Revolution holiday    Egypt, Senegal sign pharma MoU to unify regulatory standards    Two militants killed in foiled plot to revive 'Hasm' operations: Interior ministry    Egypt foils terrorist plot, kills two militants linked to Hasm group    Egypt, Somalia discuss closer environmental cooperation    Giza Pyramids' interior lighting updated with new LED system    Egypt's EHA, Huawei discuss enhanced digital health    Foreign, housing ministers discuss Egypt's role in African development push    Egypt, Uruguay eager to expand trade across key sectors    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.



Export-Import Bank of Korea delegation visits Cairo to chart Roadmap for future cooperation
Published in Daily News Egypt on 02 - 12 - 2021

The Ministry of International Cooperation received a delegation from the Export-Import Bank of Korea to delve into the prospects of expanding the cooperation portfolio between Egypt and South Korea, which falls under the strategic partnership that is flourishing between Egypt and South Korea, and which echoes Egypt's development vision 2030.
During the five-day visit, a coordination meeting was held in the presence of officials of the Embassy of South Korea in Cairo and government authorities including the Ministry of Transport, the National Railway Authority, the National Authority for Tunnels, the Ministry of Electricity and Renewable Energy, the Ministry of Finance, the National Training Academy, as well as visits to government agencies to explore in detail about future projects in areas of common interest.
A number of development projects are currently being implemented by the relevant authorities in cooperation with South Korea, among them a project with the National Railway Authority, "Modernization of Signaling Systems for the Nagaa Hammadi/Luxor railway line" that is worth 115 million dollars, and a project to supply and manufacture 32 railcars for the third metro line. There are currently other projects in the loop, including the project for "Developing the signaling systems of the Luxor Railway/High Dam", as well as the project to localize the manufacture of subway carriages.
At the end of the visit, an agreement was reached to chart the roadmap for future steps for new projects and the study of proposals for a number of development cooperation projects in accordance with the country's development priorities.
Minister of International Cooperation, Rania Al-Mashat, met with a high-level delegation from the South Korean Cabinet last November, headed by Kim Young Su, Deputy Minister of International Development Cooperation in the Korean Prime Minister's Office, senior managers of planning and evaluation in the Korean Prime Minister's Office, and representatives of the South Korea Embassy in Cairo.
During the meeting, new frontiers of cooperation were discussed in light of the Korean government's announcement of choosing Egypt as a strategic partner for development cooperation in the Middle East and North Africa for the period from 2021-2025, and preparations for the strategic partnership plan for this period were carried out, which is reflected in the frameworks of joint relations between the two countries.
The ongoing development financing portfolio between Egypt and South Korea amounts to $477m across several sectors, namely higher education and information technology.


Clic here to read the story from its source.