Ahmed Kouchouk, Minister of Finance, confirmed that we are working to raise the efficiency of the public contracting system with Korean expertise. To maximize competition, achieve financial savings, and increase the role and contribution of the private sector in economic activity through developing and mechanizing the public procurement system as part of financial and economic reform to provide better and faster services at a lower cost.
The Minister added, in a high-level symposium on the public procurement system in cooperation with the Korea International Cooperation Agency (KOICA), that we aim to enhance governance, transparency and competitiveness in public procurement within the framework of the path of trust and partnership that the Ministry of Finance is pursuing with the business community, as we seek to expand the base of participation and competition. Among investors in public contracts for better services for citizens and investors.
The Minister indicated that we look forward to attracting more Korean investments and development cooperation projects in Egypt, within the framework of the growing bilateral relations between the two countries in various fields, in a way that achieves the interest of the two peoples.
Chang Won-sam, head of the Korea International Cooperation Agency (KOICA), expressed his appreciation for the Egyptian government’s interest in raising the efficiency and transparency of the public procurement system, pointing out that we aim to enable all stakeholders to participate transparently and confidently in public procurement in Egypt. He said that Egypt is our development partner in the East. Middle and North Africa to advance the sustainable development goals.
Kim Young-hyun, South Korean Ambassador to Cairo, pointed out his country’s keenness to deepen development cooperation in Egypt in various fields, pointing out that applying “digital solutions” contributes to stimulating the private sector’s participation in economic growth.
Mohamed Adel, Chairman of the General Authority for Government Services, explained that we began with the Korean side the process of improving the public procurement system in Egypt two years ago, as we aim to develop, facilitate and automate all public contracting procedures in an integrated system, pointing out that we have finished preparing the electronic infrastructure necessary for the functioning of this system. New.
