H.E. Dr. Rania A. Al-Mashat, Minister of Planning, Financial Improvement, 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 proposals from H.E.’s go to to Japan in December 2024, in addition to exploring methods to reinforce bilateral cooperation between Egypt and Japan.
Initially 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.
Throughout 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 nations, spanning practically 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 vital agreements for developmental initiatives and funding within the type of grants and improvement financing totaling $234 million. These funds are geared toward supporting the finances, creating the personal sector, enhancing the livelihoods of small farmers in Egypt, and creating the Egyptian Opera Home.
H.E. Dr. Al-Mashat highlighted the Coverage Improvement Program for enhancing the Egyptian personal sector and diversifying the financial system, which seeks to assist the nationwide finances, improve structural reforms, and promote personal sector investments by encouraging competitiveness and enhancing the enterprise setting.
H.E. Minister Al-Mashat additional defined that the Egyptian-Japanese cooperation portfolio consists of quite a few developmental initiatives that profit the transportation, antiquities, and sectors that promote funding in human capital, resembling well being, training, greater training, and technical training. These initiatives embrace: the primary section of the Fourth Line of the Cairo Metro, the Grand Egyptian Museum, Egyptian-Japanese faculties, the Egyptian-Japanese College of Science and Expertise, the creation of outpatient clinics for the Kids’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 mission. Moreover, the collaboration helps the event of infrastructure and efforts to transition to renewable power, all contributing to inclusive and sustainable development. These efforts align with the Ministry of Planning’s two foremost roles: devising improvement methods and strengthening worldwide partnerships to assist Egypt’s financial and developmental priorities.
H.E. Dr. Al-Mashat additionally reviewed the Egyptian authorities’s efforts to reinforce the involvement of the personal sector in improvement, in addition to the structural reforms being carried out 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, enhancing competitiveness and the enterprise setting, and fostering the inexperienced transition. In 2024, 86 measures had been carried out inside the structural reform agenda to reinforce the soundness of the Egyptian financial system and enhance the enterprise setting.
H.E. Dr. Al-Mashat affirmed the significance of worldwide improvement companions’ contributions to the Egyptian authorities’s financial and structural reforms, which strengthen the personal sector’s function as a key participant in improvement 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 varied Egyptian ministries to review the mixing of AI into initiatives being carried out in partnership with Japan. This goals to advance Egypt’s AI agenda, with a deal with integrating it into governance, functions in varied financial sectors, talent improvement, and infrastructure enhancement.
Moreover, the assembly mentioned enhancing cooperation with Japan within the area of training, particularly by way of activating the Japanese Technical Training mannequin (EJ-KOSEN) at some technical institutes underneath the Ministry of Training. There have been additionally talks about increasing the variety of Egyptian-Japanese faculties to incorporate the governorates coated 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 assist improvement efforts in Egypt.
Distributed by APO Group on behalf of Ministry of Planning, Financial Improvement, and Worldwide Cooperation – Egypt.
