South Korea Ambassador to Egypt Kim Yonghyon lauded the giant leap achieved by Egypt in smart transport.
The envoy voiced admiration for the success of the 5th Smart Transport, Logistics, Infrastructure & Traffic Fair (TransMEA) and the signing of memoranda of understanding (MoUs) and co-operation protocols.
The ambassador’s comments came during a seminar on the challenges to infrastructure investments.
Haytham Eissa, who is deputy head of the Sustainable Infrastructure Group for Egypt and the Middle East of the European Bank for Reconstruction and Development (EBRD), said €1 billion had been invested in railways and road transport in one year alone.
Egypt is an important partner for the EBRD, Eissa added.
CEO of Hutchison Ports Egypt Gary Chung said Egypt’s future qualifies it to be the pearl of the region that attracts many investors in addition to its strategic location.
He highlighted also Egypt’s interest in promoting partnership with the private sector in addition to investment in the green and sustainable infrastructure domain.
He said the company’s investments in Egypt hit $2 billion.