Egypt and South Korea Discuss Industrial Collaboration and Regional Stability
Key Ideas
- Minister Abdelatty expresses hope for a South Korean industrial area in the Suez Canal Economic Zone, emphasizing Egypt's efforts to strengthen domestic industry and attract investments.
- Egypt and South Korea aim to enhance economic and trade cooperation, highlighting joint projects and increased South Korean investments in Egypt.
- Discussion includes investment opportunities in hydrogen production, batteries, electric vehicles, green technology, and energy storage within major projects in Egypt.
- Minister Abdelatty stresses the importance of coordination with South Korea in international forums, particularly amidst tensions in the Middle East, emphasizing the need for UN action to address regional conflicts.
During a meeting on the sidelines of the United Nations General Assembly annual meetings in New York, Minister of Foreign Affairs, Emigration and Egyptian Expatriates Badr Abdelatty expressed hope for the establishment of a South Korean industrial area in the Suez Canal Economic Zone (SCZONE). He highlighted Egypt's initiatives to bolster the domestic industry and provide incentives to attract investments. The discussion with South Korean Foreign Minister Cho Tae-yul also focused on advancing economic and trade cooperation, acknowledging progress in joint projects and increased South Korean investments in Egypt. Minister Abdelatty pointed out the investment prospects in fields like hydrogen production, battery manufacturing, electric vehicles, green technology, and energy storage within Egypt’s major projects, including those in the New Administrative Capital and SCZONE. The ministers discussed maintaining coordination in multilateral forums, especially given Egypt's non-permanent membership in the Security Council. Minister Abdelatty commended South Korea's stance on the Gaza conflict. He also raised concerns about escalating tensions in the Middle East, particularly Israeli actions against Lebanon and Gaza, emphasizing Egypt's stance against Israeli impunity. The call for the UN Security Council to intervene to achieve ceasefires in Gaza and Lebanon was emphasized to prevent a broader regional conflict.
Topics
Projects
Economic Development
Investment Opportunities
Industrial Collaboration
Regional Stability
Multilateral Relations
UN Security Council
Middle East Tensions
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