ㅇ However, since this section was opened in the 1850s, the facility was underdeveloped, so the operation speed was slow, and safety accidents were frequent.
ㅇ If the project is successfully completed with funding from Korea Eximbank, it is expected to greatly contribute to Egypt's economic development by improving train operation speed and on-time, revitalizing the tourism industry and improving the logistics environment.
□ An official from Korea Eximbank said, "As of last year, Egypt is Korea's No. 1 African exporter and is a country with a great need to strengthen economic cooperation considering its economic size, population, and geopolitical location." He added, "We will expand support for large infrastructure using co-financing to increase opportunities for Korean companies to enter overseas businesses along with promoting friendship with developing countries."