Egypt appreciates developmental role of Japanese investments – Minister

Minister of Finance Mohamed Maait on Sunday hailed the developmental role of Japanese investments in Egypt.

Egypt looks forward to deepening economic and trade cooperation with Japan to achieve sustainable development, Maait added during his meeting with Governor of Japan Bank for International Cooperation (JBIC) Hayashi Nobumitsu on the sidelines of the World Economic Forum held in Riyadh.

Cairo and Tokyo share successful partnership models, especially in the fields of health, education, and green investment, where many joint projects are being implemented, Maait said.

Egypt also introduced the first issuance of green bonds in the Japanese market, which contributed to attracting new segments of investors interested in subscribing to environmentally friendly bonds, he added.

Maait invited the Japanese business community to take advantage of competitive economic opportunities in Egypt, especially in light of unprecedented incentives to enable both local and foreign private sectors to lead the job-rich economic growth process.

Egypt has succeeded in implementing a comprehensive package of measures to promote green economy transition and develop revenue and tax systems to encourage the transition to sustainable activities, he added.

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