Egypt could be a hub for Japanese products, Sisi tells Toyota Tsuha CEO

Ahram Online , Tuesday 15 Oct 2019

The president discussed investment opportunities in Egypt with the CEO of the Japanese company


Egypt could be a hub for Japanese products and industries and a gateway to the African and Middle East markets for them, President Abdel-Fattah El-Sisi said on Tuesday.

The remarks were made at a meeting in Cairo with Ichiro Kashitani, the CEO of Toyota Tsusho company, who is currently visiting Egypt.

According to a presidential statement, El-Sisi praised the strength of Egyptian-Japanese bilateral relations, as well as the positive achievements of Toyota Tshuho in Egypt over the decades, and the investment opportunities available to it in the country. 

Kashitani reviewed the projects his company is considering implementing in Egypt, and said that investments total $1 billion over several sectors, including energy, oil, transportation and renewable energy.

Japanese ambassador to Cairo Masaki Noke and Electricity Minister Mohamed Shaker attended the meeting.


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