Supervisor Elham AbolFateh
Editor in Chief Mohamed Wadie

Sisi: Egypt Capable to Be Gate of Japan’s Industries to World


Sat 31 Aug 2019 | 11:21 AM
H-Tayea

Egyptian President Abdel Fattah El-Sisi said that Japan is a main strategic partner for Egypt, stressing that the latter has the necessary potentials to be an important hub for all Japanese industries.

He added that Egypt will also represent a starting point for the Japanese products in different world countries, especially in Africa.

These remarks came during a meeting with President El Sisi on Saturday with CEO of Japan's Mitsubishi Corporation Takehiko Kakiuchi at his residence in Yokohama, Japan, presidential spokesman Bassam Rady said.

He added that the president praised the Japanese company's activities in Egypt since the middle of the last century.

The president said that there are many opportunities available for Mitsubishi to expand in Egypt, particularly in light of the national projects that the country is implementing, citing the Suez Canal axis project which will include industrial zones and logistical centers.

During the meeting, the Mitsubishi CEO reviewed the projects that his company is considering to carry out in Egypt during the coming period, including the Underground Metro project, Presidential Spokesman Bassam Rady said.

Kakiuchi said he will continue consultation and coordination with the Egyptian side in the coming period.

The 7th TICAD7 summit is held in Yokohama, Japan from 28 to 30 August.

The forum is attended by 1,500 Japanese businessmen and 50 Egyptian businessmen.

In the opening session of the summit on Wednesday, President El-Sisi called on African countries and Japan to increase cooperation to benefit from Africa's natural resources.

As the current chairman of the African Union, the Egyptian president said he was hopeful the TICAD 7 would achieve tangible results in furthering the partnership between Japan and Africa.

TICAD 7 is co-hosted by the Japanese government, the United Nations, the World Bank, the U.N. Development Program and the African Union Commission.

Egypt's president received the invitation to attend TICAD 7 from Japan's prime minister in October 2018.