South Korea to build $10bln integrated agricultural city in Egypt

South Korea to build $10bln integrated agricultural city in Egypt

Egypt and the Korea-Arab Society (KAS) signed Tuesday a cooperation protocol to build a $10 billion integrated agricultural city in the North African country.

The city will be stretched over an area of 300,000 feddans in the southeast part of the Qattara Depression, north west of Egypt, said Prime Minister Sherif Ismail speaking at a press conference following the signing ceremony.

The protocol was signed by the General Authority for Reconstruction Projects and Agricultural Development, an affiliate to the Egyptian Agriculture Ministry, and the Korea-Arab Society, represented by the Korean Arab Company for Economic and Cultural Consultancy.

Read the full article on Zawya.