Japanese investments in Egypt doubled during 2022, with about 50 Japanese companies operating in the country, Japanese Foreign Ministry spokesperson Okano Yukiko announced. The Japanese Foreign Minister’s current visit to Egypt comes to follow-up Japanese Prime Minister Fumio Kishida‘s visit to Cairo in April, she said. Kishida’s visit turned Japan’s relations with Egypt into a strategic partnership, making it first country in Africa to raise its relationship with Japan to this degree. Japan is interested in investing in infrastructure and clean energy projects, she noted, adding that further cooperation with Egypt is possible in these areas through more Japanese companies entering the market. The Japanese foreign minister met with representatives of Japanese companies and expressed the government’s readiness to encourage Japanese companies to enter the Egyptian market by promoting its market’s potential, referring to Egypt’s human resources capacity.

Source: Egypt Independent September 07, 2023 06:35 UTC