Egypt, JBIC explore deeper cooperation through samurai bonds and industrial investments

Prime Minister Mostafa Madbouly reaffirmed his commitment to strengthening cooperation with the Japan Bank for International Cooperation (JBIC), particularly in the issuance of Samurai bonds. This came during his meeting with Nobumitsu Hayashi, Governor of JBIC, held on the sidelines of the Ninth Tokyo International Conference on African Development (TICAD 9).

Madbouly pointed to the significant opportunity to establish a Japanese industrial zone within the Suez Canal Economic Zone, highlighting Japan’s role as a key partner for Egypt. He emphasized that Egypt’s membership in multiple economic blocs and partnership agreements enhances the ability of goods manufactured in Egypt to access a wide range of global markets. He further noted the extensive incentives available to investors, positioning Egypt as an attractive destination for Japanese companies.

The Prime Minister also underscored the advantages of investing in the Suez Canal Economic Zone, particularly the ability for companies to export directly to Europe and neighboring regions. He stressed the government’s determination to boost Egypt’s exports in the coming period, adding that investor-friendly policies will continue to encourage Japanese businesses to expand their presence in Egypt.