Abdelatty promotes Egypt as gateway to African markets in talks with South Korean firms

Ahram Online , Tuesday 2 Jun 2026

Foreign Minister Badr Abdelatty highlighted Egypt's strategic position as a gateway to African markets and presented investment opportunities in the Suez Canal Economic Zone (SCZone) during a meeting with representatives of major South Korean companies in Seoul on Tuesday, the Egyptian foreign ministry said.

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The meeting focused on strengthening economic and investment ties, with FM Abdelatty expressing appreciation for the role South Korean companies play in Egypt and praising the success of Korean firms operating in the country.

The minister reviewed recent economic and structural reforms undertaken by the Egyptian government, noting that these measures have improved the business climate and enhanced Egypt's attractiveness to foreign investors.

According to a ministry statement, Abdelatty stressed Egypt's competitive advantages, particularly its access to African markets through the African Continental Free Trade Area (AfCFTA), and outlined investment opportunities in the SCZone.

He also highlighted incentives for investors, including streamlined procedures, infrastructure upgrades, and access to industrial land, while encouraging South Korean companies to expand existing investments and explore new opportunities in priority sectors.

Abdelatty reaffirmed the Egyptian government's readiness to provide all necessary support and facilitation measures for Korean investors.

The meeting included a discussion with business leaders on opportunities to expand economic partnerships and cooperation across a range of sectors.

Separately, FM Abdelatty met with representatives of leading South Korean newspapers and international news agencies, during which he outlined Egypt's efforts to promote security and stability in the Middle East and reviewed Cairo's diplomatic initiatives to contain regional crises through peaceful means.

The discussions covered developments in the Middle East, ongoing US-Iran negotiations, Egyptian efforts with regional and international partners to reduce tensions and reach an agreement that addresses the concerns of all parties, and the situations in Palestine, Sudan, Lebanon, the Horn of Africa, and the Red Sea.

Abdelatty also highlighted the growing Egypt-South Korea partnership and the two countries' shared interest in expanding economic, trade, and investment cooperation.

As part of his visit to Seoul, FM Abdelatty delivered a lecture on Tuesday at Hankuk University of Foreign Studies (HUFS), where he was joined by the university's president, and outlined the guiding principles of Egypt's foreign policy and Cairo's assessment of rapidly evolving regional and international challenges.

The foreign minister said Egypt's foreign policy is based on respect for international law, support for regional stability, sustainable development, peaceful conflict resolution, and respect for the sovereignty and territorial integrity of states.

Abdelatty reviewed Egypt's positions on major regional issues, including the ongoing US-Iran negotiations, highlighting Cairo's efforts, in coordination with regional and international partners, to help reduce tensions and facilitate an agreement that addresses the concerns of all parties.

He also discussed developments in Gaza, Sudan, and Lebanon, as well as Egypt's water security, the Horn of Africa, and Red Sea security, stressing that water security remains an existential issue for Egypt.

The meetings and the lecture took place on the sidelines of Abdelatty's participation in the 2026 Korea-Africa Foreign Ministers' Meeting in Seoul, which brought together representatives from more than 50 African countries and major continental institutions, including the African Union, the African Development Bank, the AfCFTA Secretariat, and the Africa CDC.

During the visit, he also met several African counterparts as well as Seo Jung-hwa, executive director and head of the operations group at the Economic Development Cooperation Fund (EDCF) of the Export-Import Bank of Korea (KEXIM). Discussions focused on expanding Korean financing for projects in digital transformation, artificial intelligence, industrial localization, and sustainable infrastructure.

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