Egypt, South Korea discuss boosting economic cooperation, investments
The discussions also covered several issues of mutual interest.
El-Khatib highlighted the importance of integrating investment and foreign trade to support economic growth, stressing the government's commitment to attracting major Korean companies.
He noted that Egypt's developed infrastructure and wide network of free and preferential trade agreements provide Korean investors with opportunities to access regional and international markets.
The minister pointed to Egypt's competitive advantages, including its strategic geographic location, availability of land and industrial zones, skilled engineers and workers trained to international standards, and competitive labor costs.
He also reviewed government efforts to streamline investment procedures through an integrated electronic platform that connects state agencies, aiming to save time, cut costs, and improve transparency.
In addition, he said customs clearance times have already been reduced, with a target of reaching just two days.
Ambassador Young-Hyun praised Egypt's efforts to expand exports and attract investments, citing the success of Korean companies such as Samsung and LG in the local market.
He also extended an official invitation to El-Khatib to visit South Korea to exchange expertise and further strengthen bilateral cooperation in investment and manufacturing.
© 2025 All Rights Reserved Arab Finance For Information Technology Provided by SyndiGate Media Inc. (Syndigate.info).
Hashtags
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
Zawya
5 minutes ago
- Zawya
Iraq aims to attract $250bln in new investments by 2027
Iraq is aiming to attract $250 billion worth of investments over the next two years building on recent inflows of Arab and foreign capital, the spokesperson of its investment promotion agency said. National Investment Commission (NIC) spokesperson Hanan Jassim told the Iraqi News Agency (INA) that government policies along with legislative and regulatory reforms have enabled Iraq to secure more than $100 billion in Arab and foreign investments across different economic sectors over the past two years. These investments have had a direct impact on driving sustainable development and diversifying the country's sources of income, she said, underlining inflows into industry, infrastructure, housing, energy, education, and health. These projects, she said, have created jobs, expanded GDP, and reduced dependence on oil as Iraq's main source of revenue. Jassim said government measures, NIC-led initiatives such as the one-stop-shop system, Iraq's accession to international investment protection agreements, and the launch of a national investment map with more than 100 strategic opportunities have driven progress in the country. (Writing by Majda Muhsen; Editing by Anoop Menon) (
Zawya
31 minutes ago
- Zawya
Egypt, India discuss expanding economic, investment cooperation
Egypt's Minister of Investment and Foreign Trade Hassan El-Khatib met with Suresh Reddy, the Indian Ambassador to Cairo, to discuss ways to strengthen cooperation in trade and investment, as per a statement. The meeting also addressed opportunities to support future partnerships and reviewed issues of mutual interest. El-Khatib emphasized the depth of bilateral relations between Egypt and India, underscoring the importance of translating their longstanding cooperation into practical projects that serve both economies. He highlighted prospects for increasing Indian investments in the Egyptian market, enhancing trade exchanges, and opening new channels for cooperation between business communities in both countries. The minister outlined Egypt's investment potential across production and service sectors, citing the availability of skilled labor, engineering expertise, and competitive wages. He also pointed to Egypt's wide market access through numerous free and preferential trade agreements with major regional and global blocs. For his part, Reddy reaffirmed India's commitment to strengthening ties with Egypt, noting the historic relations between the two countries. He stressed the significance of Egypt as a regional industrial and export hub and as a key gateway to African markets. © 2025 All Rights Reserved Arab Finance For Information Technology Provided by SyndiGate Media Inc. (
Zawya
2 hours ago
- Zawya
Saudi trading in US stocks hits record $51.54bln in Q2 2025
RIYADH — Saudi investors' trading activity in U.S. equities surged to an all-time high in the second quarter of 2025, with transactions through licensed financial institutions reaching SR193.4 billion ($51.6 billion), according to data released by the Capital Market Authority (CMA). The figure represents a 230 percent increase from the same period in 2024, when trading totaled SR58.6 billion. On a quarterly basis, it rose 18 percent, or SR29 billion, compared to SR164.3 billion in the first quarter of this year. The CMA noted that while the report captures trading values by licensed Saudi brokers in global markets, it does not include data on the number of Saudi-owned portfolios abroad, nor trades executed directly through foreign intermediaries. The data showed that trading in U.S. markets accounted for 98.6 percent of the SR196.2 billion in total Saudi trading across international markets during the quarter. By comparison, Saudi trading in Gulf equities reached SR2.2 billion, an 88 percent year-on-year increase. Other markets saw limited activity, with Arab markets accounting for SR289 million, European SR157 million, Asian SR78 million, and other markets SR95 million. The CMA's historical data indicates a consistent upward trajectory in Saudi interest in U.S. equities since 2022, with a sharp acceleration beginning in 2024. © Copyright 2022 The Saudi Gazette. All Rights Reserved. Provided by SyndiGate Media Inc. (
