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Egypt Today
South Korean Minister of Land, Infrastructure and Transport, Noh Hyeong Ouk, signed the ‘Korea-Egypt railway cooperation MOU’ with Egypt’s Minister of transportation Kamel al-Wazir in Cairo on Friday.
The deal aims to expand cooperation and strengthen Korean companies’ competitiveness in implementing projects in Egypt. The ministers discussed a financing plan for the localisation project of metro trains for the Cairo metro lines 2 and 3.
“Korea will actively seek implementing planned projects with Egypt, as Korea selected Egypt as a priority ODA partner during 2021-2025. This will allow Korean companies, with high level of technology, to take part in tangible projects in various fields including the smart city, smart transportation system”, Korean Minister explained.
Al-Wazir stressed, “South Korea, with its advanced and high technology, is Egypt’s best partner for railway cooperation, smart city, eco-friendly and green infrastructure projects”.
According to the South Korean embassy in Cairo, “Minister Noh’s visit comes as a follow up on the visit of Korean President Moon Jae-in to Egypt in January”.
