Hala El Said, Minister of Planning and Economic Development, received a delegation of Japanese investors led by KANAZAWA YUKIO, the owner of Titan Capital and MIZUHO, along with their accompanying delegation. The purpose of the meeting was to discuss potential areas of cooperation and present investment opportunities in Egypt. Eng. Khaled Abbas, Chairman of the Board of Directors of the Administrative Capital Company, was also present.
El-Said highlighted the availability of promising investment opportunities in Egypt, including infrastructure projects, state-owned companies, and hotels that can be acquired through ownership, usufruct, concession, or BOT systems. These initiatives aim to stimulate the private sector. The government is currently preparing assets and companies to be offered for investment to the private sector, either directly or through the Egyptian Sovereign Fund. Additionally, the state is working on a program to list certain state-owned companies on the stock exchange, with the goal of activating the capital markets and diversifying ownership. This program aims to attract local and foreign investments to Egypt’s capital markets and increase private sector participation in economic development.
El Said emphasized the Egyptian government’s commitment to a dialogue and participatory approach in establishing development partnerships with the private sector and civil society. This approach is followed by the Ministry of Planning and Economic Development and aligns with Egypt’s Vision 2030.
Regarding the key features of the Egyptian economy, El Said mentioned its diversity and the presence of promising sectors such as agriculture, industry, telecommunications and information technology, and logistics. Egypt’s strategic geographical location as a gateway to Africa and Europe was also highlighted. Egypt offers a large market, cost-effective skilled labor, and attractive economic opportunities in the Suez Canal Economic Zone.
Kanzawa praised the efforts of the Egyptian government in achieving development plans across various sectors in line with Egypt’s Vision 2030. He expressed his delegation’s interest in the new and smart cities they visited during their trip to Egypt, as well as the promising investment opportunities that greatly attract Japanese investments.