The Administrative Capital for Urban Development (ACUD) highlighted Egypt’s flagship New Capital project at the Global Infrastructure Cooperation Conference (GICC-2025) in Seoul, South Korea, from September 16 to 18, as part of its strategy to attract foreign investments, particularly from Korean companies, Invest-Gate reports.

Eng. Khaled Abbas, Chairman and Managing Director of ACUD, led the delegation and took part in a panel discussion dedicated to the New Capital. He described it as Egypt’s largest development project and one of the most significant regionally and globally, presenting it as a model for sustainable urban development that aligns with Egypt’s Vision 2030. Abbas emphasized opportunities in smart transportation, clean energy, smart cities, and green projects, inviting Korean firms to participate in current and future phases.

A major focus was the industrial zone, noted for its strategic location near Ain Sokhna Port, which Abbas described as an ideal destination for specialized Korean industries.

On the sidelines, ACUD held bilateral meetings with leading Korean companies and with the Korean International Contractors Association (KICA), which represents dozens of firms in the construction and infrastructure sectors. KICA’s President expressed readiness to encourage member companies to invest in the New Capital and take part in its second phase. Abbas also extended an invitation to Korean business representatives to visit Egypt and see progress on the ground.

The delegation’s agenda also included discussions with companies in infrastructure, entertainment, security, and IT. The Egyptian Embassy in Seoul, led by Ambassador Khaled Abdel Rahman, played a key role in facilitating these engagements and strengthening bilateral cooperation.

The New Capital remains central to Egypt’s vision of building a sustainable, smart, and globally competitive city, with ACUD positioning it as a major investment hub for international partners.