H.E. Dr. Rania A. Al-Mashat, Minister of Planning, Financial Growth, and Worldwide Cooperation, met with the Japanese Ambassador to Egypt Oka Hiroshi on enhancing financial relations between the 2 international locations in gentle of shared priorities and pursuits. This digital assembly was the primary between the minister and the Japanese ambassador following the merger of the ministries of planning and financial growth with worldwide cooperation. The minister additionally addressed strengthening worldwide partnerships in industrial localization and human growth, particularly as the 2 international locations commemorate 70 years of diplomatic relations.
In the beginning of the assembly, Al-Mashat emphasised the depth of the bilateral relations between Egypt and Japan and the efficient partnerships which have resulted in numerous strategic fields. These embody investments in human capital, infrastructure tasks, and help for renewable power transition efforts, all contributing to inclusive and sustainable development.
The Japanese Ambassador in Cairo congratulated the minister on assuming her function following the merging of the planning and financial growth and worldwide cooperation portfolios. He affirmed Japan’s delight in its partnership with Egypt and its dedication in the direction of advancing numerous points of bilateral cooperation sooner or later.
Excessive-Degree Coverage Dialogue
They mentioned organizing a high-level coverage dialogue between Egypt and Japan on the finish of August. This dialogue is seen as a vital platform for enhancing cooperation between the 2 international locations. It is going to contain discussions on developmental cooperation points, exploring proposals for future collaboration, and technical help, aligning with the pillars of Egypt’s 2030 Growth Imaginative and prescient, the Egyptian Authorities’s three-year program, and the priorities of assorted ministries.
The Minister of Planning, Financial Growth, and Worldwide Cooperation underscored the significance of strengthening partnerships with Japan within the upcoming part, notably specializing in industrial growth, industrial localization, and human growth. H.E. Dr. Al-Mashat highlighted the importance of those two areas and their affect on reaching complete and sustainable financial growth, stressing the necessity to leverage Japanese experience in these fields.
70 Years of Bilateral Relations
Moreover, the 2 sides mentioned the upcoming go to of H.E. Al-Mashat to Japan, coinciding with the seventieth anniversary of Egyptian-Japanese relations. This go to is predicted to incorporate numerous conferences and discussions with Japanese counterparts and developmental establishments.
Al-Mashat famous that the Egyptian-Japanese partnership has considerably superior below the management of H.E. President Abdel Fattah El-Sisi. This growth culminated within the elevation of bilateral relations to a strategic partnership degree. This has led to progress throughout numerous domains, together with growth tasks, political, financial, and commerce relations, funding, healthcare, tradition, schooling, and science and expertise, each bilaterally and multilaterally.
The assembly additionally lined a number of precedence matters, together with the Growth Coverage Mortgage (DPL) program and numerous grants within the fields of tradition and agriculture. The Minister emphasised coordinating efforts with growth companions to help Egypt’s growth plans and bolster financial and social growth efforts.
Non-public Sector Partnership
Moreover, H.E. Minister Al-Mashat addressed partnerships with the Japan Worldwide Cooperation Company (JICA) and different financing establishments to stimulate personal sector investments in precedence sectors. She highlighted the numerous function of Japanese establishments in financing the personal sector, notably within the power sector by way of the “NWFE” program. JICA is contributing to the funding of the “Abydos” solar energy plant with a capability of 500 megawatts, whereas the Japan Financial institution for Worldwide Cooperation (JBIC) is financing the “Amunet” wind energy plant in Ras Ghareb with a capability of 500 megawatts. The upcoming interval will see the supply of extra financing mechanisms and technical help for Egyptian personal sector firms from Japanese establishments, much like the “NWFE” program.
Japan is a key Asian growth companion for Egypt, with a growth cooperation portfolio comprising over 18 tasks supporting the federal government’s plan to realize sustainable growth objectives, with a price of roughly $3.9 billion. This additionally contains quite a few growth grants in well being, schooling, power, electrical energy, transportation, civil aviation, tourism, antiquities, and irrigation, all supporting sustainable financial development, social inclusion, academic growth, human useful resource growth, regional cooperation, and help for the nationwide technique to fight local weather change.
Final 12 months, a high-level annual coverage dialogue was held between the Egyptian and Japanese sides on the Ministry of Worldwide Cooperation to debate future cooperation proposals and technical collaboration, aligning with growth priorities and Egypt’s 2030 Imaginative and prescient.
Distributed by APO Group on behalf of Ministry of Planning and Financial Growth – Egypt.
