SEOUL -- Seoul has signed a deal to lend Egypt up to $1 billion for infrastructure development, paving the way for South Korean companies to join railway, subway and marine desalination projects in the African nation.
South Korean President Moon Jae-in sealed the arrangement in Cairo on Thursday, local time, during his one-week tour of the Middle East and North Africa. The money will go toward not only large-scale infrastructure but also renewable energy as well as science and technology education.
