Madbouly highlighted the current opportunity to establish a Japanese industrial zone in Egypt within the Suez Canal Economic Zone, noting that Japan is one of Egypt’s major partners.
Prime Minister, Mostafa Madbouly, reaffirmed his aspiration to strengthen cooperation between Egypt and the Japan Bank for International Cooperation (JBIC) in the issuance of Samurai bonds.
This came during his meeting with Nobumitsu Hayashi, Governor of JBIC, on the sidelines of the Ninth Tokyo International Conference on African Development (TICAD 9).
Madbouly highlighted the current opportunity to establish a Japanese industrial zone in Egypt within the Suez Canal Economic Zone, noting that Japan is one of Egypt’s major partners.
He emphasized that Egypt’s membership in several economic blocs and partnership agreements facilitates the access of goods manufactured in Egypt to a wide range of global markets.
He also underlined the array of incentives and advantages granted to investors in Egypt.
The Prime Minister elaborated on the benefits of investing in the Suez Canal Economic Zone, particularly the ability for companies to export directly to Europe and neighboring markets.
He stressed the government’s commitment to increasing Egyptian exports in the coming period, pointing out that the incentives offered to investors are an important factor in attracting more Japanese companies to operate in Egypt.
For his part, Nobumitsu Hayashi expressed his agreement with the Prime Minister’s vision regarding the importance of increasing the presence and activities of Japanese companies in the Egyptian market, especially in light of the recent improvements and stability achieved by the Egyptian economy.
He noted that he had already conveyed this positive outlook to many Japanese firms.
Hayashi also recognized the unique advantages of investing in the Suez Canal Economic Zone and reaffirmed his efforts to continue promoting these opportunities to Japanese companies.
He highlighted the potential for cooperation in several sectors, particularly renewable energy, and pointed out the possibility of joint investments between Japanese companies and firms from other countries, such as the Gulf states, in the Egyptian market.
