Korea's embassy organizes webinar to boost medical, pharmaceutical cooperation with Egypt

Yasser Seddiq , Tuesday 28 Sep 2021

Korea's embassy in Cairo organized on Monday a webinar on the Egyptian medical market and the Egyptian government's policies in the medical and pharmaceutical areas, with the aim of strengthening bilateral cooperation in the health and medical sector.

Korea

The event was attended by Korean Ambassador Hong Jin-wook, Egypt's Halth Minister Hala Zayed, and more than 60 Korean companies interested in tapping into Egypt's medical market, the embassy said in a statement.

In his remarks, Ambassador Hong Jin-wook said the health and medical sector is pivotal to the two countries' bilateral cooperation, given Egypt’s ambitious plan to become a medical hub in the region, particularly in the manufacturing of vaccines and pharmaceutical products.

Over 60 Korean companies attended this event, which reflected Korean companies’ interest in advancing to Egyptian medical market, Ambassador Hong said.

He expressed hope that Korean companies’ investments and trade with Egypt could be further expanded, taking advantage of this opportunity that will give momentum to the bilateral cooperation and will eventually lead to tangible joint projects between the two countries.

Minister Hala Zayed, for her part, expressed willingness to continue close cooperation with the Korean government and companies, expressing hope for tangible cooperation projects to be realized with the Egyptian counterparts, including Vacsera.

She pointing to the possible collaboration with Korean companies for technology transfer and joint manufacturing.

During the webinar, the Egyptian Drug Authority made a presentation on the Egyptian policies and regulations in the medical sector and answered Korean companies’ inquiries which help companies better understand the Egyptian policies and regulations to access to the Egyptian market.

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