During the meeting, Minister Kouchouk explained that Egypt aims to strengthen development partnerships with Japan, especially in human development and green investment.
The minister also highlighted that the Japanese university, schools, the subway, comprehensive health insurance, and clean energy generation projects, whether solar or wind energy, are all examples of successful Egyptian-Japanese cooperation.
Furthermore, he pointed out that Egypt issued its first green bonds in Japanese markets as shares, to attract new segments of investors interested in environmentally focused bonds.
During the meeting, Hiroshi also spotlighted the recent growth of Japanese private sector investment in the Egyptian economy, particularly in the automobile industry, automobile parts, clean energy production and its components, industrial supplies, food products, and household appliances.
Both parties discussed the progress in bilateral governmental cooperation, including the possibility of providing soft financing to Egypt to support the budget or develop and modernize certain public projects related to culture and education.
Meanwhile, Kouchouk encouraged the Japanese business community to benefit from the Egyptian market's competitive economic opportunities, especially in light of Egypt's commitment to enhance the role and contribution of the private sector in economic activity, advance industry and production, and increase exports.
This aligns with the new cabinet’s plan to increase the annual growth rate of foreign direct investments to about 14 percent by 2030, per the State Ownership Policy Document.
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