Egyptian Foreign Minister Badr Abdelatty has reaffirmed Egypt's desire to strengthen economic cooperation and investments with South Korea in various sectors. Abdelatty made this statement during a meeting with South Korean President Lee Jae-myung in Seoul. The meeting took place on the sidelines of the Egypt-South Korea joint business council. Abdelatty emphasized Egypt's interest in collaborating with South Korea in fields such as artificial intelligence, cutting-edge technology, digital transformation, innovation, and ecological transition.
Abdelatty invited South Korean companies to increase their investments in Egypt and take advantage of the country's large-scale national projects. He highlighted Egypt's role as a gateway to the African continent, particularly within the African Continental Free Trade Area. The Egyptian minister praised the Korea-Africa partnership as a successful model and stressed the importance of developing cooperation between South Korea and African countries.
President Lee Jae-myung acknowledged Egypt's efforts to reduce tensions and promote calm in the region. He also noted the significance of Abdelatty's visit in strengthening bilateral relations. This meeting follows the South Korean president's visit to Egypt in November 2025, which marked an important milestone in enhancing ties between the two nations.
Abdelatty is in Seoul to participate in the Egypt-South Korea joint business council. During his visit, he presented an overview of Egypt's positive economic developments, implemented through a program of economic and structural reforms. The minister showcased Egypt's competitive advantages as a gateway to African markets and highlighted investment opportunities in the Suez Canal Economic Zone.
Abdelatty discussed the incentives and facilities provided by the Egyptian government to investors, including streamlined procedures and the availability of industrial land. He also announced plans to host the first edition of the Alamein-Africa Business Forum in Egypt, which will serve as a platform to strengthen commercial and investment partnerships across the African continent.
The Egypt-South Korea joint business council aims to promote economic cooperation and explore new opportunities for collaboration. Abdelatty's visit reflects Egypt's commitment to fostering stronger economic ties with South Korea and other countries. The two nations have been working to enhance their bilateral relations, with a focus on economic development and investment.
Egypt and South Korea are set to continue their cooperation, with plans for a Korea-Africa summit in 2029. Abdelatty expressed hope that the summit will consolidate the current momentum and elevate political and economic relations to even higher levels. The two countries are committed to deepening their partnership and exploring new avenues for growth and development.
Key points
- Egypt seeks to strengthen economic cooperation with South Korea in areas such as artificial intelligence and digital transformation.
