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Wednesday, 27 February 2019

South Korea looking to increase investments in Egypt

South Korean companies explore raising investments in Egypt: South Korea is looking to boost economic ties with Egypt, Prime Minister Lee Nak-yeon said yesterday during meetings in Seoul with an Egyptian delegation which included Investment Minister Sahar Nasr, Finance Minister Mohamed Maait and Suez Canal Authority (SCA) Chairman Mohab Mamish, the Investment Ministry said in a statement. Nak-yeon said his country is looking to increase investments in Egypt and cooperate with Cairo in the field of shipbuilding in the Suez Canal Economic Zone, according to the statement. Hyundai Heavy Industries, Daelim Industrial, Dohwa, GS E&C, Samsung Heavy Industries and Hyundai Engineering & Contracting were among companies that expressed interest in increasing investments in Egypt, according to a separate ministry statement. Nak-yeon is planning to visit Egypt in the coming months, MENA reported.

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