“We Are Committed to Expanding Global Partnerships to Attract More Private Investments”

Finance Minister Ahmed Kouchouk affirmed Egypt’s keenness to expand global partnerships as a means to attract further private investments. He stressed that Egyptian–Korean cooperation stands as a promising model of economic and developmental partnership, with efforts underway to broaden this cooperation in the coming period.

 

Speaking at the Egypt–South Korea Economic Partnership Conference, Kouchouk highlighted that bilateral trade between the two countries has been on the rise, reaching $1.6 billion in 2024. He noted that the stock of South Korean foreign direct investment in Egypt has already surpassed $6 billion.

 

The Minister praised the distinguished role of Korean investors in localizing industries across multiple sectors and in leveraging Egypt’s economy as a regional manufacturing hub for exports.

 

Kouchouk added that Egypt and South Korea are working together to explore new investment opportunities, particularly in industrial and technological sectors, while drawing on Korean expertise to localize advanced technologies across various economic activities. He emphasized that both nations share a common vision to achieve developmental targets through successful economic and trade partnerships.