Monday 23 Dec
Ahmed Kouchouk, Minister of Finance, confirmed the strong, diverse, and long-standing partnership with the Japanese side. He said that both sides will collaborate to drive economic development and improve the lives of their citizens. They look forward to deepening their partnership in human development and green investment. Their financial policies will prioritize investments in health, education, and boosting production and exports in the coming period.
The minister said, in his first
meeting with the Japanese ambassador to Cairo, Oka Hiroshi that successful
models of Egyptian-Japanese cooperation include Japanese schools and a
university, the subway system, comprehensive healthcare, and clean energy
projects such as solar and wind power. Additionally, Egypt's pioneering green
bond issuance in the Japanese market has attracted new segments of
environmentally conscious investors.
Kouchouk reviewed a presentation
by the Japanese Ambassador detailing the recent surge in Japanese private
investments across various Egyptian sectors. These include the automotive
industry and its components, clean energy generation and related technologies,
industrial supplies, food products, and household appliances.
He also reviewed developments in
bilateral government cooperation. This includes the imminent provision of soft
financing to support the Egyptian budget and joint projects to modernize public
infrastructure in culture and education.
The Minister encouraged the Japanese business community to capitalize on Egypt's competitive economic climate and expand investments across various sectors. He emphasized the government's commitment to boosting the private sector's role in driving industrial growth, production, and exports.
