Al-Mashat also discussed coordination with nine national entities and ministries, as well as the European side, during the first phase of the program.
This agreement follows Minister Al-Mashat’s visit to Japan in December, where she celebrated 70 years of development cooperation between the two nations.
The agreement outlines potential areas of collaboration, focusing on training, ship repair, and maintenance.
These agreements aim to establish a strategic alliance and foster commercial cooperation, leveraging the expertise of each party.
The Egyptian investor will contribute land and construction in exchange for a controlling 51% stake in the venture.
