Madbouly's participation in the forum, held in Tokyo, is part of a visit to Japan to represent President Abdel Fattah El-Sisi at the ninth Tokyo International Conference on African Development (TICAD 9) Summit.
During the forum, which marked the first meeting of its kind
in five years, the Prime Minister highlighted Egypt's recent economic strides,
including a development boom over the past decade that has enhanced the
country's competitiveness and empowered the private sector.
He noted that the government has invested $550 billion in
infrastructure development, a move that has facilitated the operations of
foreign companies and investments across Egypt.
Madbouly pointed to key government reforms, including a
program of fiscal and monetary policy adjustments, which he said have helped
stabilize the foreign exchange market and balance the country's payments. He
also mentioned a package of incentives for investors, such as faster customs
release and tax breaks.
The Premier emphasized Egypt's strategic location, which
connects Africa, Europe and West Asia, making it a regional hub for supply
chains and a center for green and renewable energy.
He specifically invited Japanese businesses to consider
establishing a Japanese industrial zone within the Suez Canal Economic Zone,
leveraging Egypt's free trade agreements with regional blocs to ensure their
products can easily access these markets.
Madbouly also called for Japanese support in localizing
industries such as automotive manufacturing, renewable energy, and water
desalination, sectors the government is actively promoting with investment
incentives.
The Prime Minister concluded by expressing his hope that the council's meeting would lead to positive outcomes, further strengthening economic and trade relations between the two nations, whose political ties were elevated to a strategic level in April 2023.