Egypt, Japan seal 12 investment deals in energy, industry, tourism, education
Egypt and Japan on Tuesday signed 12 agreements and letters of intent covering energy, industry, education and tourism at the Egypt–Japan Investment Forum in Tokyo. Prime Minister Moustafa Madbouly attended the signing ceremony before joining the Tokyo International Conference on African Development (TICAD 9).
The deals, expected to boost local production, exports and supply chains, cover sectors including renewable energy, automotive manufacturing, infrastructure, logistics, information technology and vocational training, the Egyptian Cabinet said in a statement.
In the energy field, the Suez Canal Economic Zone (SCZONE) signed an agreement with Japan’s Itochu Corporation and Orascom to develop and operate green fuel bunkering facilities for ammonia-powered ships. It also struck a deal with the Tokyo Metropolitan Government on cooperation in green hydrogen.
On industrial development, Egypt’s El-Arabi Group signed a partnership with Japan’s Toyoichi Tsusho for research and technology transfer, as well as a separate agreement with Japanese firms Cogito Software and Onkyo to produce and market audiovisual products in Egypt using Onkyo technology.
In education, the Ministry of Education inked accords with the Tokyo Metropolitan Government, Casio Middle East, SPRIX and Yamaha to expand Japanese-style curricula, improve math and IT teaching, enhance vocational training and strengthen music education in schools. It also signed a letter of intent with Japan’s education ministry (MEXT) to expand the Tokkatsu model of holistic learning.
Tourism and services agreements included training Egyptian hospitality workers between Waterway Development and Tokyo Hotels, as well as cooperation in leisure tourism between Egypt’s Promo Tours and Japan’s Taitan Capital.
The Ministries of Industry and Investment signed an agreement with Toyota Tsusho Corporation on localising automotive production and developing auto components, while the Egypt–Japan University of Science and Technology agreed with Toyota Tsusho to support scholarship programmes.
According to the statement, the agreements reflected extensive coordination between Egyptian and Japanese authorities and underscored growing bilateral economic ties.
Attribution: Amwal Al Ghad English
Subediting: Y.Yasser