Egypt seeks to become advanced global logistics hub

Getty Images/Getty Images

The South Korean companies are interested in boosting investment in Egypt

Staff Writer, Arab Finance

June 17, 2022

PHOTO

Egypt plans to turn into an advanced global logistics hub through benefiting from the South Korean expertise in artificial intelligence (AI), Minister of Finance Mohamed Maait stated in an emailed statement on June 16th.

The country shall deepen cooperation with members of the World Customs Organization for sustainable development and digitized customs system as per the international standards, Maait added in a meeting with the Ambassador of South Korea to Cairo Hong Jin-wook.

For his part, the ambassador has praised the incentives and customs facilities offered by Egypt to south Korean investors.

Jin-wook also stressed the South Korean companies' interest in boosting investment in Egypt, which is one of the best destinations for investments in Africa.

Disclaimer: The content of this article is syndicated or provided to this website from an external third party provider. We are not responsible for, and do not control, such external websites, entities, applications or media publishers. The body of the text is provided on an “as is” and “as available” basis and has not been edited in any way. Neither we nor our affiliates guarantee the accuracy of or endorse the views or opinions expressed in this article. Read our full disclaimer policy here.