Egypt Independent

Egypt, S.Korea sign 9 deals during Sisi’s visit



Egypt’s President Abdel Fattah al-Sisi signed Thursday morning nine agreements and memos with South Korean President Park Chung-hee in Seoul in several fields of co-operation.
 
Seoul is Sisi’s last stop in his tour of Asia, which began in Kazakhstan last week and passed through Japan.
 
The deals signed with Seoul include railway security system upgrades, the establishment of a joint technological university, developments at the Alexandria seaport and memorandums of understanding between the ministries of education, higher education, justice and trade from both countries.
 
One memo also seeks to facilitate Korean loans to Egypt, with a US$3 billion financing package agreed through a memo with the Korean export and import bank.
 
Edited translation from Al-Masry Al-Youm