{"id":593759,"date":"2019-10-09T04:00:53","date_gmt":"2019-10-09T04:00:53","guid":{"rendered":"https:\/\/enterpriseam.com\/egypt\/2019\/10\/09\/20-south-korean-companies-looking-to-invest-in-egypt\/"},"modified":"2019-10-09T04:00:53","modified_gmt":"2019-10-09T04:00:53","slug":"20-south-korean-companies-looking-to-invest-in-egypt","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/egypt\/2019\/10\/09\/20-south-korean-companies-looking-to-invest-in-egypt\/","title":{"rendered":"20 South Korean companies looking to invest in Egypt"},"content":{"rendered":"<p><a class=\"content-anchor\" id=\"tldr-story-05\"><\/a> <b>INVESTMENT WATCH- Twenty South Korean multinationals have appetite for Egypt,<\/b> the <a href=\"http:\/\/www.miic.gov.eg\/Arabic\/MediaCenter\/News\/Pages\/-20-%D8%B4%D8%B1%D9%83%D8%A9-%D9%85%D9%86-%D9%83%D8%A8%D8%B1%D9%8A%D8%A7%D8%AA-%D8%A7%D9%84%D8%B4%D8%B1%D9%83%D8%A7%D8%AA-%D8%A7%D9%84%D9%83%D9%88%D8%B1%D9%8A%D8%A9-%D9%8A%D8%B9%D9%84%D9%86%D9%88%D9%86-%D9%81%D9%89-%D8%A7%D9%84%D9%85%D9%86%D8%AA%D8%AF%D9%89-%D8%A7%D9%84%D8%A3%D9%88%D9%84-%D9%84%D9%85%D8%AC%D9%84%D8%B3-%D8%A7%D9%84%D8%A3%D8%B9%D9%85%D8%A7%D9%84-%D8%A7%D9%84%D9%85%D8%B5%D8%B1%D9%89-%D8%A7%D9%84%D9%83%D9%88%D8%B1%D9%89-%D8%B6%D8%AE-%D8%A7%D8%B3%D8%AA%D8%AB%D9%85%D8%A7%D8%B1%D8%A7%D8%AA-%D8%AC%D8%AF%D9%8A%D8%AF%D8%A9-%D9%81%D9%89-%D9%85%D8%B5%D8%B1.aspx\">Investment Ministry said yesterday in a statement<\/a> following the Egyptian-Korean Business Council meetings. LG Electronics is looking to invest USD 15 mn in Egypt in 2020, while POSCO wants to build a power transmission plant in the new administrative capital, company officials said on the sidelines of the forum. Samsung is also interested in expanding its production lines of home appliances while Hyundai Rotem is exploring potential investment in Egypt\u2019s railways. The delegation of 20 Korean companies also met with Environment Minister Yasmine Fouad to discuss cooperating on solid waste management infrastructure, <a href=\"https:\/\/www.facebook.com\/EgyptianCabinet\/posts\/1373941969450831\">according to a cabinet statement<\/a>. They also met with Finance Minister Mohamed Maait who called on them to invest in heavy industry at the Suez Canal Economic Zone, the Finance Ministry <a href=\"http:\/\/www.mof.gov.eg\/Arabic\/MOFNews\/Media\/Pages\/release8-10-2019.aspx\">said in a statement<\/a>. Maait also urged the Korean companies to explore expansion in auto feeder industries as well as in SMEs.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>INVESTMENT WATCH- Twenty South Korean multinationals have appetite for Egypt, the Investment Ministry said yesterday in a statement following the Egyptian-Korean Business Council meetings. LG Electronics is looking to invest USD 15 mn in Egypt in 2020, while POSCO wants to build a power transmission plant in the new administrative capital, company officials said on [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"open","sticky":false,"template":"single-feature.php","format":"standard","meta":{"_acf_changed":false,"newspack_ads_suppress_ads":false,"newspack_popups_has_disabled_popups":false,"newspack_sponsor_sponsorship_scope":"","newspack_sponsor_native_byline_display":"inherit","newspack_sponsor_native_category_display":"inherit","newspack_sponsor_underwriter_style":"inherit","newspack_sponsor_underwriter_placement":"inherit","ep_exclude_from_search":false,"_primary_brand":0,"newspack_featured_image_position":"","newspack_post_subtitle":"","newspack_article_summary_title":"Overview:","newspack_article_summary":"","newspack_hide_updated_date":false,"newspack_show_updated_date":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[8572],"tags":[72,9379,2374,2380,452,680],"brand":[],"newspack_spnsrs_tax":[],"class_list":["post-593759","post","type-post","status-publish","format-standard","hentry","category-speed-round","tag-enterpriseam","tag-korea","tag-sahar-nasr","tag-speed-round","tag-waste-management","tag-yasmine-fouad","wpautop","entry"],"acf":{"mongo_id":"7fe6bf75-cd23-4e34-8829-023ca5d770c1","is_powered_by":true,"section_story_id":"c6e8217b-6753-4eb3-93e1-0111ae12fc60","story_type":"1","photo_url":"","photo_position":"above","related_issue":[593748],"teaser":"","voice_url":""},"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v27.1 (Yoast SEO v27.1.1) - https:\/\/yoast.com\/product\/yoast-seo-premium-wordpress\/ -->\n<title>20 South Korean companies looking to invest in Egypt - EnterpriseAM Egypt<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/enterpriseam.com\/egypt\/2019\/10\/09\/20-south-korean-companies-looking-to-invest-in-egypt\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"20 South Korean companies looking to invest in Egypt\" \/>\n<meta property=\"og:description\" content=\"INVESTMENT WATCH- Twenty South Korean multinationals have appetite for Egypt, the Investment Ministry said yesterday in a statement following the Egyptian-Korean Business Council meetings. 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