Cairo: Egypt's Minister of Investment and Foreign Trade Hassan El-Khatib met with Japan's Ambassador to Egypt, IWAI Fumio, to discuss prospects for strengthening bilateral economic and investment ties. The meeting aimed to build on the recent developments in cooperation between the two countries.

According to State Information Service Egypt, the discussions reviewed the outcomes of El-Khatib's recent visit to Japan, which resulted in new Japanese investments in Egypt. Several Japanese firms have already commenced practical steps, including acquisitions, fresh capital injections, and the addition of new production lines to boost exports.

El-Khatib emphasized Egypt's competitive advantages across various sectors and outlined the government's efforts to simplify procedures for Japanese investors. Significant progress has been made in resolving most challenges faced by Japanese companies operating in Egypt, with ongoing work to address the remaining issues.

Ambassador Iwai commended Egypt's measures to enhance the investment climate, noting that these efforts encourage more Japanese businesses to enter the market. He also expressed appreciation for Egypt's participation in the upcoming Tokyo International Conference on African Development (TICAD 9) in Yokohama, an event led by Prime Minister Moustafa Madbouly under the theme 'Co-Creating Innovation for Solutions with Africa'.