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Monday, 19 October 2026
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Minister of Finance, in a high-level seminar on the public procurement system in cooperation with the Korean International Cooperation Agency: Raising the efficiency of the public contracting system with Korean expertise to maximize competition, achieve financial savings and increase the role and contribution of the private sector


Developing and automating the public procurement system. Part of financial and economic reform is to provide better and faster services at a lower cost

We aim to enhance governance, transparency and competitiveness in public procurement. Within the framework of the path of trust and partnership with the business community,

we seek to expand the base of participation and competition among investors in public contracts in order to provide better services to citizens and investors

We look forward to more Korean investments and development cooperation projects in Egypt

Chairman of the Korea International Cooperation Agency:

All appreciation for the Egyptian government's interest in raising the efficiency and transparency of the public procurement system

We aim to enable all stakeholders to participate transparently and confidently in public procurement

Egypt is our development partner in the Middle East and North Africa to drive the SDGs

South Korean Ambassador to Cairo:

Eager to deepen development cooperation in Egypt

«Digital solutions» stimulate the participation of the private sector in economic growth

Chairman of the General Authority for Government Services:

With the Korean side, we started the process of improving the public procurement system in Egypt two years ago

We aim to develop, facilitate and automate all public contracting procedures in an integrated system

We have completed the preparation of the electronic infrastructure necessary for the work of the new system

 

Minister of Finance, Ahmed Kouchouk, stressed that we are working to raise the efficiency of the public contracting system with Korean expertise to maximize competition, achieve financial savings, and increase the role and contribution of the private sector in economic activity through the development and automation of the public procurement system as part of financial and economic reform to provide better and faster services at a lower cost.

 

The Minister added, in a high-level seminar on the public procurement system in cooperation with the Korean International Cooperation Agency (KOICA), that we aim to enhance governance, transparency and competitiveness in public procurement within the framework of the trust and partnership path pursued by the Ministry of Finance with the business community, as we seek to expand the base of participation and competition among investors in public contracting for better services for citizens and investors.

 

The Minister pointed out that we look forward to attracting more Korean investments and development cooperation projects in Egypt, within the framework of the growing bilateral relations between the two countries in various fields, in a way that achieves the interest of the two peoples.

 

Chang Won Sam, head of the Korea International Cooperation Agency (KOICA), expressed his appreciation for the Egyptian government's interest in raising the efficiency and transparency of the public procurement system, pointing out that we aim to enable all stakeholders to participate transparently and confidently in public procurement in Egypt. He said that Egypt is our development partner in the Middle East and North Africa to advance the SDGs.

 

Kim Yong-hyun, South Korea's ambassador to Cairo, pointed out his country's keenness to deepen development cooperation in Egypt in various fields, pointing out that the application of "digital solutions" contributes to stimulating the participation of the private sector in economic growth.

 

Mohamed Adel, head of the General Authority for Government Services, explained that we started with the Korean side the process of improving the public procurement system in Egypt two years ago, as we aim to develop, facilitate and automate all public contracting procedures in an integrated system, pointing out that we have completed the preparation of the electronic infrastructure necessary for the work of this new system.

  • Ahmed Kouchouk Minister of Finance
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Minister of Finance, in a high-level seminar on the public procurement system in cooperation with the Korean International Cooperation Agency: Raising the efficiency of the public contracting system with Korean expertise to maximize competition, achieve financial savings and increase the role and contribution of the private sector