Egypt recently received $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.
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 the Common Market for Eastern and Southern Africa (COMESA), 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)
© 2001 Mena Report (www.menareport.com)
