- July 16, 2023
- Posted by: Ahmed Abed
- Category: 2023, EN
Chairman of the Suez Canal Economic Zone (SCZONE), Mr. Waleid Gamal El Dien, received Mr. Kim Yong-Hyun, the new Ambassador of the Republic of South Korea to Cairo, and an accompanying delegation from the embassy, at SCZONE’s headquarters in the New Administrative Capital, within the framework of exploring SCZONE’s new investment opportunities closely to discuss means of cooperation between the two sides during the coming period.
” We look forward to moving forward in maximizing the volume of Korean investments within SCZONE during the coming period, as SCZONE enjoys robust infrastructure and facilities, as well as its distinguished geographical location and capabilities for the penetration of these investments into the African and European markets. We have several industrial sectors that SCZONE aims to localize, such as the automotive industry, green fuel, ships’ bunkering, and various other industries that may represent areas of interest for Korean investments. We prepare for the upcoming promotional tour next October to introduce the investment opportunities to the Korean business community and the Korean companies.” Mr. Waleid Gamal El-Dien, chairman of SCZONE, declared.
“We appreciate our cooperation with one of the major Korean companies, Hyundai Rotem, in the manufacture of subway train cars in Egypt, in cooperation with the National Egyptian Railway Company (NERIC), which is located within the industrial zone in East Port Said. SCZONE aims to Attract new Korean investments in SCZONE and complete the process of cooperation with the new Korean ambassador to achieve the interests of the two sides and benefit from the unique development experience of South Korea.” Mr. Waleid Gamal El-Dien added.
“It is a great happiness to cooperate with SCZONE, as it could be the main center for Korean investments to access foreign markets due to its distinguished geographical location, which is located on both sides of the Suez Canal, the most important shipping lane in the world. We will coordinate the upcoming promotional tour of SCZONE’s delegation in South Korea to introduce investment opportunities to the Korean business community within SCZONE. We aspire to further trade and investment relations with Egypt through pumping new Korean investments in various fields within SCZONE.” The Korean ambassador said.
