At the conclusion of his foreign visit to South Korea, H.E. Adm. Ossama Rabiee discusses with the Korean Minister of Trade, industry, and
Energy the commercial and industrial cooperation, and ways to attract investments.
"Expected cooperation with South Korea to build green auxiliary maritime units, natural gas supply station, and transforming a number of SCA ferryboats to run on natural gas"
The Korean minister of Trade, Industry, and Energy: "We look forward to enhancing future cooperation with the Suez Canal for its strategic importance for global trade."
H.E. Adm. Ossama Rabiee, Chairman of the Suez Canal Authority, discussed with Mr. Inkyo Cheong, Minister of Trade of South Korea, ways of enhancing future cooperation in the fields of mutual interest. The meeting was attended by H.E. Ambassador. Khaled Abdelrahman, the Egyptian Ambassador to South Korea, and H.E. Ambassador. Kim Yonghyun, the South Korean Ambassador to Cairo.
The meeting witnessed a discussion of cooperation mechanisms between the two sides in the fields of green transformation, the use of clean energy, and waste recycling in line with the global trends of activating programs of sustainable development, preserving the environment, and reducing harmful carbon emissions.
The meeting also addressed mechanisms of enhancing commercial cooperation and attracting direct Korean investments to the Suez Canal’s projects of fish farming, and building and repair of ships and various maritime units.
H.E. Adm. Ossama Rabiee emphasized the Authority’s keenness to open new cooperation horizons and to contribute to strengthening the bilateral relations between Egypt and South Korea in the economic and commercial fields, pointing out the efforts of the Suez Canal to ensure the success of the expected cooperation in building environmentally-friendly auxiliary maritime units for the Suez Canal, as well as building natural gas bunkering station, and transforming some of the Suez Canal’s ferryboats and maritime units to run on natural gas; which goes in line with the orientation of the Suez Canal Authority to announce the Suez Canal as “the Green Canal,” and contributes to transferring advanced technology of building environmentally-frindlymaritime units to the Suez Canal shipyards and companies through taking part in the building process through its partnership with the Korean side.
Adm. Rabiee also stressed that the Egyptian state is paying great interest to setting the business environment, attracting foreign investments, and encouraging direct investment in mega projects within its endeavors aimed at achieving the development goals in all sectors and fields.
On his part, H.E. Inkyo Cheong, Minister of Trade of South Korea, expressed his country’s interest in studying of potential cooperation avenues with the Suez Canal for what it represents of huge strategic importance for the foreign and domestic trade of South Korea, as well as the flow of its imports and exports, showing his readiness to study and explore the various opportunities that the mutual cooperation with the Suez Canal Authority shall provide in multiple sectors and activities on the commercial and industrial levels as well as the sectors of clean energy and green transformation.
H.E. Inkyo Cheong, lauded the active role played by the Suez Canal in maintaining the sustainability and stability of global supply chains despite the different challenges, stressing the strategic positioning the Suez Canal, and that it will remain the most impostant strategic hub for the world trade flow between Asia and Europe.
H.E. Minister of Trade of South Korea, clarified that his country sets its sights on enhancing constructive and fruitful cooperation with Egypt as one of the prominent active countries in the African continent, expressing his hope that the coming summit between South Korea and the African countries, scheduled to be held in Seoul in June, would yield results in enhancing mutual relations with Africa in general and Egypt in particular.
