Egyptian Finance Minister Mohamed Maait on Sunday discussed with South Korean Ambassador to Cairo Hong Jin-wook ways to increase the volume of Korean investments in Egyptian bonds with the aim of diversifying financing tools. “We are keen to develop relations between the two countries in all fields, in light of the growing volume of Korean investments in Egypt, which prompts us to overcome all obstacles,” Maait said. He added that he is also eager to solve any problems that Korean companies operating in Egypt may face in the tax and customs fields. This will help stimulate foreign investments, he said, and achieve stability for these companies in their activities and business. He expressed his country’s desire to enhance economic cooperation with Egypt, and increase Korean investments due to Egypt’s promising circumstances.

Source: Egypt Independent June 27, 2021 13:30 UTC