South Korea s President Moon Jae-in. AFP
Presidential Spokesperson Park Kyung-mee said the South Korean president will visit Cairo on 20-21 January upon an invitation extended by President Abdel-Fattah El-Sisi.
El-Sisi and Moon are set to discuss means to further advance the comprehensive partnership between the two countries, the spokesperson said.
Moon will also attend a business forum in Cairo to promote cooperation in eco-friendly businesses, she said.
Trade exchange between Egypt and South Korea increased by 46.9 percent in the first ten months of 2021 to $1.8 billion, up from $1.2 billion in the corresponding period of 2020, Trade and Industry Minister Neville Gamea said last month.
Trade exchange mainly included oil products, cement, granite, aluminum, ready-made garments, machines and equipment, in addition to autos and medical devices.
During the same period in 2021, Egypt’s exports to the South Korean market rose by 62.3 percent to reach $531.5 million during January-October 2021, up from $327.5 million during the same period in 2020, the minister said.
The South Korean president will begin his Middle East trip in the UAE, where he will attend a business forum and the official ceremony for “Day of Korea” and the Dubai Expo.
He will later meet with Abu Dhabi Crown Prince Mohammed bin Zayed Al-Nahyan for talks on bilateral ties.
Moon will then visit Saudi Arabia on 18-19 January for a meeting with Saudi Arabia’s Crown Prince Mohammed bin Salman and a business forum in the Gulf country.
“Moon's visit to the three Middle Eastern nations is expected to bolster bilateral cooperation in the fields of energy, construction and infrastructure as well as public health, science and hydrogen,” the spokesperson said.