An official Egyptian delegation will visit Seoul next January to sign four contracts jointly valued at $700 million in the sectors of textile, transportation, telecommunication and marina reported Al-Hayat newspaper.
Ccording to the report, 20 Egyptian and Korean businessmen will participate in the first Egyptian-Korean Business Convention in Seoul next January. The two parties will sign a bilateral memorandum of understanding to establish a joint trade committee to promote commercial relations and exchanges between Korea and Egypt.
The Korean Energy Generation Authority is likely to conduct a bid for building an energy generation station in Cairo by $700 million investments based on the BOT system. The Korean investments in Egypt are currently valued at $130 million. –(Albawaba-MEBG)
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