Japanese investments in Egypt reach $190 million
Egypt recently received approximately $190 million in investments from Japan. This sum is expected to fund various infrastructure projects, hi-tech ventures and a specialized medical related project, according to Al-Ittihad daily.
In addition, Head of the joint Japanese-Egyptian Business Committee, Abd Al-Munin Saudi, stated that a portion of the sum would be used to develop a kidney cleansing system.
He added that Egypt hopes to export the new system, once completed, to member-nations of COMESA (Common Market for Eastern and Southern Africa), the European Union, and to Arab nations with which free trade zones exist.
Last year, a Japanese investment bureau was established in Cairo to promote economic exchanges between the two countries and increase awareness on the part of Japanese businessmen as to investment opportunities in Egypt. –(MENA Report)
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