Ambassador Hany Moawad Selim Labib of Egypt in Seoul hosted a reception at his residence in Seoul on July 28, 2017 to celebrate the 65th anniversary of the 1952 Revolution. Many Korean and international guests attended the luncheon as well as the ambassadors and their spouses.
Among the guests in attendance were Deputy Minister Cho Hyun-dong of Planning and Coordination at the Ministry of Foreign Affairs, Chairman Park Dong-sun of Parkington International and representatives of various other segments of Korean society, including the media where Publisher-Chairman Lee Kyung-sik of The Korea Post media attended with is editors.
There also were Deputy Minister Cho Hyun-dong of Ministry of Foreign Affairs, Chairman Park Tong-sun of Parkington International, Vice President Kim Sun-hyang of the Korea Red Cross, Mrs. Kihak, and a KRC Official Mrs. Chung Wook-won, Chairperson Kim Jung-sook of the Seoul Garden Club and spouse Mrs. Kihak Sung of the chairman of the Yongone Corporation.
Speaking to the guests, Ambassador Labia said in part: “On the 23rd of this month, the Egyptian people celebrated the 65th anniversary of the July Revolution, a great revolution that led to massive political, economic and social development in Egypt scene, paving the way for important steps toward building a modernized state.”
Excerpts from the speech of Ambassador Libib:
On this occasion, we also recall the important historical role that Egypt has played during the 50’s and 60’s in supporting the liberation movements in Africa, Asia and Latin America. The Egyptian leader Gamal Abdel Nasser was among the many outstanding African and Asian leaders who participated in the Bandung conference in 1955, which adopted the famous ten principles that formed the foundation of the Non-Aligned Movement.
During the last few years, Egypt has succeeded in completing its “Political Road Map” and has embarked on a major economic reform program, including the liberalization of the exchange rate regime, fiscal consolidation measures and business environment reforms.
The liberalization of the exchange rate regime is a key step toward restoring the competitiveness of the economy and boosting private sector activity.
Growth is expected to pick up due to positive developments in the gas, manufacturing and real estate sectors, alongside recovery in the tourism sector. National projects in roads, ports, oil and gas, electric energy and agriculture are being carried out. Priority is given to the interests of the low-income segments of the society.
On the external level, Egypt is gaining more international confidence day after day through its active role in international forums. Within the United Nations and the African Union, Egypt is exerting efforts to highlight the necessity of combating terrorism through a comprehensive international strategy.
