Egypt touts for Japanese investment as route to economic recovery

Egypt touts for Japanese investment as route to economic recovery
By Euronews
Share this articleComments
Share this articleClose Button
Copy/paste the article video embed link below:Copy to clipboardCopied

Egyptian President Abdel Fattah al-Sisi is hoping to secure Japanese investment projects worth around 15 billion euros on his visit to the country –

ADVERTISEMENT

Egyptian President Abdel Fattah al-Sisi is hoping to secure Japanese investment projects worth around 15 billion euros on his visit to the country – the first by an Egyptian leader in 16 years.

Al Sisi is desperate to attract foreign investment which has been driven away due to the continued unrest following the 2011 uprising.

The projects are thought to be related to energy and as well as other sectors.

Prime Minister Shinzo Abe and his government drives exports of social infrastructure such as railway systems and power generation systems to the Middle East and other regions as part of its growth strategy.

The leaders also agreed to hold a dialogue between their Defence and Foreign Ministry officials periodically to strengthen security ties.

Share this articleComments

You might also like

WATCH: Japanese space rocket explodes straight after launch

US and South Korea join Thailand in massive military exercise

Bitcoin stock surpasses €55,000 mark