News
The Chairman of the Investment Authority meets the CEO of the American Kemen company
30 July 2021

Counselor Mohamed Abdel-Wahab, CEO of the General Authority for Investment and Free Zones (GAFI CEO), received at GAFI headquarters Mr. Noke Masaki, the Ambassador of Japan to Egypt, within the framework of the first Egypt-Japan Business and Investment Promotion Committee, which was launched during the 7th Tokyo International Conference on African Development (TICAD 7). GAFI CEO co-chaired the inaugural session representing the Egyptian side and Amb. Masaki representing the Japanese side. The participants included Chief Representative of JICA Egypt Office, head of the Japanese Businessmen's Association (JBA), Executive Director of the Industrial Modernization Center (IMC), representatives of Japan Embassy in Cairo, Egypt-Japan Business Council, Japan External Trade Organization (JETRO), Japan International Cooperation Agency (JICA), Japan Bank for International Cooperation (JBIC), Nippon Export and Investment Insurance (NEXI), and a number of Egyptian companies related cooperating with the Japanese side.
Counselor Mohamed Abdel-Wahab assured GAFI’s keenness to achieve maximum benefit from the inaugurated joint committee. The committee is intended to achieve integration between the two investment promotion agencies in both countries, provide sustainable frameworks to enhance bilateral investment relations, encourage Japanese investment flows to Egypt, support Japanese companies operating in Egypt, and study the existing opportunities to attract more new investments from Japan.
During the meeting, a number of Japanese companies presented their success stories in Egypt, the expansions carried out during the previous years, the future plans, which including Toyota Tsusho, Nissan Motor, Sumitomo Electric Wiring Systems, Saraya, NEXI, JBIC. Some Egyptian companies also offered areas of cooperation with Japanese companies in regard to their operations in African and Arab countries, including El- Araby Group, Hassan Allam Holding, El-Sewedy Electric, and Orascom Construction.
Abdel Wahab praised the effective role of the Egyptian and Japanese entities and companies participating in the joint committee, praising their important roles in promoting and encouraging Japanese investments in Egypt. He also stressed on GAFI’s efforts to provide possible aspects of support to Japanese companies in Egypt, and efforts exerted to strengthen bilateral investment relations to encourage more Japanese investments in Egypt.
For his part, the Japanese ambassador, Noke Masaki, affirmed his aspiration that the Committee would play a prominent role in supporting Japanese investments in Egypt, and highlighting current and potential investment opportunities, to encourage more new Japanese investors to invest in Egypt during the coming period.​


Tags

 

الكلمات

 
Related News
Establishing "Special Incentives Unit in accordance with the provisions of Investment Law" in GAFI
News
18 January 2022
Establishing "Special Incentives...

Counselor Mohamed Abdel Wahab, GAFI CEO, has issued a Decree to establish a...

Find out more
GAFI CEO Inspects the Development and Enhancement of Efficiency of Port Said Public Free Zone
News
18 January 2022
GAFI CEO Inspects the Development...

Counselor Mohamed Abdel Wahab, CEO of the General Authority for Investment and...

Find out more
Prime Minister tours IDG Investment Zones in The 6 th of October City
News
20 December 2021
Prime Minister tours IDG...

Prime Minister tours IDG Investment Zones in The 6 th of October City

Find out more
GAFI CEO Discusses With UK Ambassador in Cairo Promotion of Investment Relations between Egypt and United Kingdom
News
17 December 2021
GAFI CEO Discusses With UK...

GAFI CEO Discusses With UK Ambassador in Cairo Promotion of Investment...

Find out more
GAFI CEO Decrees to set up Services Unit for Companies Listed on EGX
News
15 December 2021
GAFI CEO Decrees to set up...

GAFI CEO Decrees to set up "Services Unit for Companies Listed on EGX"

Find out more