Japanese companies outline investment, expansion plans in Egypt

Several Japanese companies reviewed their current investments and expansion plans in Egypt during the fifth edition of the Egyptian-Japanese Joint Committee for Investment, according to a statement.

Hossam Heiba, CEO of the General Authority for Investment and Free Zones (GAFI), held a meeting with Shigeyo Nishizawa, Director of the Japan External Trade Organization (JETRO) office in Cairo and his delegation to promote Egyptian investment opportunities in Japan over the coming years.

This roadmap includes setting regular visits for Japanese media to Egypt to witness the country's economic and political stability, in addition to inviting Japanese investment funds and banks to assess the Egyptian economy.

On his part, Heiba stated that the Egyptian market provides Japanese investors with returns higher than global averages, adding that there are still significant expansion opportunities.

Iwai Fumio, Ambassador of Japan to Cairo, noted that he presented new investment opportunities in Egypt to more than 200 Japanese investors at various meetings and conferences.