H.E. Dr. Rania A. Al-Mashat, Minister of Planning, Financial Growth, and Worldwide Cooperation, held a gathering on the ministry’s headquarters within the New Administrative Capital with Japan’s Ambassador to Cairo, IWAI Fumio. The dialogue targeted on the chief plan for the outcomes and suggestions from H.E.’s go to to Japan in December 2024, in addition to exploring methods to boost bilateral cooperation between Egypt and Japan.
Firstly of the assembly, H.E. Dr. Rania Al-Mashat congratulated Ambassador IWAI Fumio on his appointment as Japan’s Ambassador to Egypt, a place he assumed in November 2024.
Through the assembly, H.E. Dr. Rania Al-Mashat emphasised the depth of the longstanding Egyptian-Japanese relations, which have elevated to the extent of a strategic partnership following the settlement between H.E. President Abdel Fattah El-Sisi and former Japanese Prime Minister Fumio Kishida throughout his go to to Egypt in 2023. This settlement marks the fruits of an extended historical past of fruitful relations between the 2 international locations, spanning almost 70 years of developmental cooperation. H.E. Dr. Al-Mashat reiterated the Egyptian authorities’s appreciation for its partnership with Japan and the constructive and substantive collaborations in lots of strategic sectors.
H.E. Minister Al-Mashat additionally referred to her go to to Japan in December 2024, which noticed the signing of a number of essential agreements for developmental initiatives and funding within the type of grants and growth financing totaling $234 million. These funds are geared toward supporting the finances, growing the non-public sector, bettering the livelihoods of small farmers in Egypt, and growing the Egyptian Opera Home.
H.E. Dr. Al-Mashat highlighted the Coverage Growth Program for bettering the Egyptian non-public sector and diversifying the financial system, which seeks to help the nationwide finances, improve structural reforms, and promote non-public sector investments by encouraging competitiveness and bettering the enterprise surroundings.
H.E. Minister Al-Mashat additional defined that the Egyptian-Japanese cooperation portfolio contains quite a few developmental initiatives that profit the transportation, antiquities, and sectors that promote funding in human capital, corresponding to well being, schooling, greater schooling, and technical schooling. These initiatives embrace: the primary section of the Fourth Line of the Cairo Metro, the Grand Egyptian Museum, Egyptian-Japanese colleges, the Egyptian-Japanese College of Science and Know-how, the creation of outpatient clinics for the Youngsters’s College Hospital (Abu El-Reesh), the event of Borg El Arab Airport, and the development of the New Dairout Barrage, in addition to cooperation within the Complete Well being Insurance coverage venture. Moreover, the collaboration helps the event of infrastructure and efforts to transition to renewable vitality, all contributing to inclusive and sustainable development. These efforts align with the Ministry of Planning’s two most important roles: devising growth methods and strengthening worldwide partnerships to help Egypt’s financial and developmental priorities.
H.E. Dr. Al-Mashat additionally reviewed the Egyptian authorities’s efforts to boost the involvement of the non-public sector in growth, in addition to the structural reforms being applied to foster sustainable and inclusive development. She identified that the structural reform matrix goals to attain three key pillars: making certain macroeconomic stability and resilience, bettering competitiveness and the enterprise surroundings, and fostering the inexperienced transition. In 2024, 86 measures have been applied throughout the structural reform agenda to boost the soundness of the Egyptian financial system and enhance the enterprise surroundings.
H.E. Dr. Al-Mashat affirmed the significance of worldwide growth companions’ contributions to the Egyptian authorities’s financial and structural reforms, which strengthen the non-public sector’s function as a key participant in growth and contribute to Egypt’s imaginative and prescient for inclusive and sustainable development.
The assembly additionally addressed how Egypt can profit from Japan’s distinguished experience in synthetic intelligence, and cooperation with the Japan Worldwide Cooperation Company (JICA) and numerous Egyptian ministries to review the mixing of AI into initiatives being applied in partnership with Japan. This goals to advance Egypt’s AI agenda, with a concentrate on integrating it into governance, functions in numerous financial sectors, ability growth, and infrastructure enhancement.
Moreover, the assembly mentioned enhancing cooperation with Japan within the area of schooling, particularly by activating the Japanese Technical Schooling mannequin (EJ-KOSEN) at some technical institutes underneath the Ministry of Schooling. There have been additionally talks about increasing the variety of Egyptian-Japanese colleges to incorporate the governorates lined by the “Haya Karima” initiative.
For his half, the Japanese Ambassador emphasised the deep relations between Egypt and Japan, stressing his nation’s dedication to persevering with constructive cooperation between the 2 nations on the financial and funding ranges, to serve shared pursuits and help growth efforts in Egypt.
Distributed by APO Group on behalf of Ministry of Planning, Financial Growth, and Worldwide Cooperation – Egypt.
