Egypt’s Prime Minister Mostafa Madbouly on Tuesday participated in the Egyptian-Japanese Investment Forum, organised by the Egyptian-Japanese Business Council, which brought together leading companies from both countries to explore new avenues of cooperation. His participation, alongside his accompanying delegation, came on the sidelines of his current visit to Japan, where he is representing President Abdel Fattah Al-Sisi at the ninth edition of the Tokyo International Conference on African Development (TICAD 9), held in Yokohama.
The forum was hailed as a success, highlighting ongoing efforts to enhance bilateral investment relations between Egypt and Japan. Discussions centred on a wide range of projects and concluded with the signing of several agreements expected to generate significant investment returns. These projects are designed to deepen local production and added value, strengthen supply chains, and increase exports to neighbouring and regional markets.
In total, 12 agreements and Letters of Intent (LOIs) were signed in the presence of the Prime Minister, spanning a broad range of sectors including technical education, renewable energy, housing, infrastructure, tourism, industrial development, engineering industries, the green economy, logistics, information technology, and software development.
Several of the agreements focused on education and training. The Ministry of Education and Technical Education signed with the Tokyo Metropolitan Government to expand cooperation in general and technical education, vocational training, and teacher development, as well as providing support for the education of students with special needs. Another agreement was reached with Casio Middle East to strengthen the capacity of primary school mathematics teachers through a dedicated guide on the use of calculator applications in curricula. A third partnership was concluded with the Japanese company Sprix, aimed at developing mathematics curricula from grade one to twelve along Japanese lines, improving basic academic skills, integrating programming and IT training, and establishing a platform to monitor student performance. An additional agreement with Yamaha Corporation Japan will see the implementation of a project to promote music education in 100 schools, train teachers, and equip them with musical instruments. Furthermore, a Letter of Intent was signed with Japan’s Ministry of Education, Culture, Sports, Science and Technology (MEXT) to advance educational development through the Tokkatsu system and to strengthen technical and vocational education and training.
In the field of green economy and energy, the Suez Canal Economic Zone, Itochu Japan, and Orascom entered into an agreement to design, develop, and operate green fuel bunkering facilities for ammonia-powered ships in SCZONE ports. Another agreement was signed between the SCZONE and the Tokyo Metropolitan Government for cooperation in green hydrogen.
Other agreements targeted the labour market and industrial cooperation. The Tokyo Metropolitan Government signed with the Egyptian-Japanese Business Council to prepare and train Egyptian workers for employment in the Japanese labour market. Toyo Ichi Tsusho partnered with El Araby Group on international research and development services, technology transfer in design, quality assurance, and technical verification. El Araby Group also concluded a deal with Kajito and Onkyo to manufacture and market audio-visual products and devices under the Kajito brand using Onkyo Audio technology.
Tourism and hospitality were also well represented. Waterway Development Company signed with Tokyo Hotels Group to train and qualify workers in the hospitality sector, with the aim of raising their expertise to international standards. Another agreement was signed between Titan Capital of Japan and Promotors of Egypt to cooperate in the field of leisure tourism.
The automotive industry was addressed through an agreement between the Ministries of Industry and Investment and Toyota Tsusho, covering investment cooperation in the automotive sector, including the localisation of production and components. Additionally, a Letter of Intent was signed between the Egypt-Japan University of Science and Technology and Toyota Tsusho to support scholarship programmes.
Officials underlined that the signing of these agreements and Letters of Intent was the product of joint efforts on both sides, achieved through close coordination between numerous Egyptian ministries and authorities, including the Ministries of Foreign Affairs, Industry and Transport, Investment and Foreign Trade, Communications and Information Technology, Education and Technical Education, the General Authority for Investment and Free Zones, the Commercial Representation Authority, the Egyptian Embassy in Tokyo, and the Commercial Office. Their Japanese counterparts included the Chamber of Commerce and Industry, the Ministry of Trade and Industry, and the Ministry of Land, Infrastructure and Transport.
AloJapan.com