Abou El-Enein Calls for Holding Egyptian-Japanese Business Forum in Tokyo

Mohamed Abou El-Enein, Vice-Chairman of the Egyptian-Japanese Business Council called on the attendees to the joint bussiness forum, which is being planned with the Japanese side to be held in the Japanese capital, Tokyo, during the coming period.

The vice-chairman said, on the behalf of Ibrahim El-Araby, Chairman of the Egyptian-Japanese Business Council, that the business forum witnessed an explanation of the business environment, investment incentives and opportunities in Egypt, in addition to the positive developments witnessed by the Egyptian economy.

Abou El-Enein welcomed the attendees at the forum held on the occasion of the visit of Prime Minister "Fumio Kishida" to Egypt and congratulated him and the Japanese people on the presidency of the Group of Seven industrial summit this year.

He pointed out that officials in the forum praised the growth in Japanese investments in Egypt and the entry of New Japanese industrial investments, in addition to the surge in Egyptian exports by nearly 50% and the drop in the trade balance deficit.

He also stressed the importance of supporting Japanese tourism in the comming stage, in light of the anticipation for the opening of the Grand Egyptian Museum (GEM), which Japan is its largest supporter.

"Overcoming all obstacles that may face Japanese investors is a priority for us in the Business Council, and we hope that this will help attract more investments, which we are working on with the Egyptian government hand in hand, in light of the unprecedented follow-up from the political leadership," Abou El Enein added.

"The establishment of the Supreme Investment Council, whose membership supervises and the periodic meetings of the Egyptian-Japanese joint committee for investment promotion is the best example of that."

He added that the real opportunities awaiting the Japanese side are big and have comparative advantages that must be pursued and built on the successes of their promotional efforts, whether from the General Authority for Investment and Free Zones (GAFI), or the General Authority for the Suez Canal Economic Zone (SCZone), in addition to the related efforts of the Egyptian Embassy in Japan, and efforts made by the commercial representation body at the Ministry of Trade and Industry.

He concluded that all of these efforts are made to achieve the aspirations of the Egyptian and Japanese governments, expressing at the end of his speech his wishes of success for the forum.