Egypt, UNIDO discuss promoting investment opportunities in Cairo

CAIRO - 22 May 2019: Egypt's Trade Representation Office in Tokyo had talks with UNIDO Network of Investment and Technology Promotion Offices (ITPOs) in Tokyo means of promoting investment in Egypt.

In a statement released by the Egyptian Commercial Service on Wednesday, First Secretary of the Egyptian Trade Representation Office in Tokyo Hossam Negm said that he met with Deputy Head of UNIDO ITPOs Ferda Gelegen and they discussed means of luring more foreign investments to the industrial sector in Egypt as well as increasing productivity rates and exports to foreign markets.

They also reviewed the latest developments as regards investment between the Egyptian and Japanese sides along with UNIDO efforts to back the campaigns launched by the Egyptian Trade Representation Office in Tokyo.

Talks also covered establishing a Japanese industrial zone in the Exclusive Economic Zone in Suez (EEZ) and luring in more Japanese investments to the engineering sector in Egypt.

Talks also addressed preparations for Egypt's participation in the G20 Summit and The Tokyo International Conference on African Development (TICAD), due to be held in Yokohama City in August.

Agreement has been reached with UNIDO representative to address the possibility of participation of representatives of the various Egyptian industrial bodies and officials of the trade and industry ministry in the promotion programs launched by UNIDO in Tokyo in the coming phase along with organizing forums for the Japanese companies interested in investments in the African countries including Egypt.