The agreement was signed in Yokohama on the sidelines of the 9th Tokyo International Conference on African Development (TICAD 9) summit.
The MoU was inked by Walid Gamal El-Din, Chairman of the
Suez Canal Economic Zone (SCZONE), and Shin-ichi Tanaka, Director General of
the Bureau of Industrial and Labor Affairs of the Tokyo Metropolitan
Government. Tokyo Governor Yuriko Koike was present for the signing.
Madbouly stated that the cooperation with Japan is of great
importance to Egypt, which has made the new and renewable energy sector a top
priority. He added that Cairo aims to become a regional and global leader in
producing and exporting green hydrogen.
The agreement will facilitate the exchange of expertise, knowledge, and information to boost market demand for green hydrogen and support its various applications. It also aims to strengthen cooperative relations between the two parties.