GAFI and JOIN discuss Potential Cooperation in Infrastructure Projects

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06-11-2024
GAFI and JOIN discuss Potential Cooperation in Infrastructure Projects

The Chief Executive Officer of the General Authority for Investment and Free Zones (GAFI CEO), Mr. Hossam Heiba, recently held a meeting with the Head of the Business Development Unit at Japan Overseas Infrastructure Investment Corporation (JOIN) to ways to encourage Japanese companies to inject new investments into the Egyptian market.
It is worth noting that JOIN functions as an investment fund dedicated to supporting Japanese infrastructure projects internationally.
On his part, Heiba highlighted Egypt’s interest in collaborating with Japanese institutions, particularly due to Japan’s focus on developmental investments and technology transfer to the Egyptian market.
He also outlined the diverse investment frameworks and incentives provided by the Egyptian Investment Law, which cover infrastructure sectors such as transportation, road and port development, water treatment, logistics, technology, renewable energy, and recycling.
Furthermore, He emphasized the Egyptian government's aim to grow private sector investment to 65% of total investments as part of Egypt’s broader sustainable development goals.
On the other hand, Okada shared JOIN’s role in fostering Japanese companies' involvement in infrastructure projects globally, with 46 projects undertaken over the past decade. He added that ​JOIN serves as a coordinating body for Japanese firms looking to invest abroad, partnering with host country governments. Okada also invited GAFI to join “Expo 2025” in Osaka, Japan, starting from April 13 to October 13, 2025. The event, themed “Innovating the Future to Improve the Lives of Communities”, seeks to enhance the investment partnership between Japan and Egypt, especiallyin infrastructure development.


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