JBIC invests more than $1.26bln in Egypt: Al-Mashat

Minister of International Cooperation Rania Al-Mashat discussed with the head of the Environment and Infrastructure Finance Group at the Japanese Bank for International Cooperation (JBIC), Uchida Makoto, new mechanisms for implementing the Memorandum of Understanding (MoU) for the strategic partnership for financial and economic cooperation that was signed during the visit of the Japanese Prime Minister to Egypt.

The meeting also highlights the efforts to strengthen the role of the companies of the Japanese private sector to support the state’s efforts in development, climate action, and infrastructure projects. The discussion also tackled the participation of the Japanese private sector in implementing the national platform for green projects, the “Nouwfi” program.

“Al-Mashat stressed the importance of the Japanese Prime Minister’s visit to Egypt, the strength and durability of the joint relations between the two parties, and the desire of their leaders to move towards enhancing strategic relations and increasing areas of joint cooperation.

The axes of the national platform for green projects reviewed NWFE programme, which was launched at the COP27, to serve as an example and model for Qatari platforms aimed at stimulating development and climate action, by focusing on three main axes. They are water, food and energy. Additionally, the government is looking forward to the participation of the Japanese private sector in the implementation of projects.