Nov 6, 2024
General Authority for Investment and Free Zones (GAFI CEO) Hossam Heiba recently met with the Head of the Business Development Unit of Japan Overseas Infrastructure Investment Corporation (JOIN) to encourage Japanese companies to make new investments in the Egyptian market.
It is worth mentioning that JOIN acts as an investment fund that supports Japanese infrastructure projects at the international level.
For his part, Heiba stressed Egypt's interest in cooperating with Japanese institutions, particularly given Japan's focus on development investments and technology transfer to the Egyptian market.
He also pointed out the various investment frameworks and incentives offered by the Egyptian Investment Law, covering infrastructure sectors such as transportation, road and port development, water treatment, logistics, technology, renewable energy and recycling. In addition, he stressed the Egyptian government's goal of increasing the share of private sector investment in total investment to 65%, which is part of Egypt's broader sustainable development goals.
On the other hand, Okada reported on JOIN's role in promoting the participation of Japanese companies in infrastructure projects worldwide, with 46 projects implemented over the past decade. He added that JOIN serves as a coordinating body for Japanese companies seeking to invest abroad and cooperate with the governments of host countries. Okada also invited GAFI to participate in the "Expo 2025" in Osaka, Japan, which will be held from April 13 to October 13, 2025. The event, which is themed "Innovating the Future to Improve the Lives of Communities," aims to strengthen the investment partnership between Japan and Egypt, especially in the field of infrastructure development.