The Minister of Investment witnesses the signing of a memorandum of understanding between the United Nations Development Program and the Egyptian-Japanese Business Council

Engineer Hassan Al-Khatib, Minister of Investment and Foreign Trade, witnessed the signing of a memorandum of understanding between the Egyptian-Japanese Business Council and the United Nations Development Programme, in the presence of Hiroshi Oka, the Japanese ambassador to Cairo, and Hossam Heiba, head of the General Authority for Investment and Free Zones. The memorandum of understanding aims to activate joint work between The Council and the Program in several areas include participation in organizing joint events, active participation in the initiatives presented by the Program and Egyptian government initiatives, business support programs, investment encouragement, capacity building programs, research cooperation and communication with companies, and cooperation in efforts that support sustainable development goals within the framework. The regulatory framework for Egypt.

The memorandum of understanding was signed by Mr. Alessandro Fracasetti, Resident Representative of the United Nations Development Program in Egypt, and Mr. Mamdouh Elaraby, on behalf of Mr. Ibrahim Elaraby, Chairman of the Egyptian-Japanese Business Council. The Minister reviewed the positive developments recently approved by the Egyptian government to encourage foreign investments in Egypt, noting that Egypt gives special priority to Japanese investments and to the programs and projects provided by the United Nations Development Program for Sustainable Development and Capacity Building.

Al-Khatib added: This agreement will contribute to integrating the Japanese experience through the Egyptian-Japanese Business Council with the programs provided by the United Nations Development Program to expand their activities in Egypt, which is strongly supported by the Ministry of Investment during the current period to encourage institutions and business councils to play their role in supporting the national economy.

For his part, Hiroshi Oka, the Japanese ambassador to Cairo, pointed out the importance of such agreements in supporting development work, which Japan attaches utmost importance to in Egypt through JICA, JETRO and other bodies, pointing out that this agreement will be a strong window to provide more capacity building programs. and technology transfer to public and private sector companies in Egypt.

The Japanese ambassador expressed his appreciation for the pioneering role of the Minister of Investment and Foreign Trade in supporting Egyptian-Japanese cooperation and holding the joint Egyptian-Japanese committee last September, as well as receiving the delegation of Japanese businessmen and holding the energy forum. Green and water management Egyptian-Japanese. In turn, officials of the United Nations Development Program expressed their appreciation for reaching this agreement, which is considered a pioneering start to work closely with Egyptian private sector companies in partnership with the public sector, noting that the Egyptian-Japanese Business Council represents a model of a successful partner with Japan, which is in line with policies and programs. The development program in Egypt and the Arab countries.

The signing ceremony was attended by Mohamed Youssef, Advisor to the Chairman of the Authority for Promotion, Marwa Hussein, Responsible for the Japan File at the Authority, Guimard Dib Knapp, Resident Representative, and Mai Abdel Rahman, Program Officer. The Japanese side also participated Kato Ken, Director of JICA in Egypt, Yuko Ishikawa, Director of JETRO in Egypt, Fadl Abdel Hamid, Secretary General of the Egyptian-Japanese Business Council, Hadenori Nishi, President of the Japanese Business Association in Egypt, in addition to the delegation of the United Nations Development Program and representatives of the Japanese Embassy in Cairo. p>

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