The meeting took place on the sidelines of the ninth Tokyo International Conference on African Development (TICAD 9) summit, where Madbouly is representing President Abdel Fattah El-Sisi.
Madbouly praised the existing cooperation between the two
nations in infrastructure, renewable energy, and health. He also highlighted
the incentives Egypt's government provides to foreign companies and expressed a
desire for a dedicated Japanese industrial zone within the Suez Canal Economic
Zone (SCZONE).
Minister of Planning, Economic Development and International
Cooperation Dr. Rania Al-Mashat pointed to the steps the Egyptian government is
taking to implement its economic reform program and achieve stability in the
foreign exchange market, in cooperation with the Central Bank. She affirmed
Egypt's endeavor to attract more foreign investments in its priority sectors,
such as health, renewable energy, and entrepreneurship.
For his part, Ishiguro said he was keen to boost trade and
increase the presence of Egyptian goods and companies in the Japanese market,
while also supporting Japanese firms operating in Egypt. He noted that the
recent Egyptian-Japanese Business Council forum yielded positive results and
highlighted renewable energy and entrepreneurship as promising areas for future
collaboration.
Egypt's Ambassador to Japan, Mohamed Abou Bakr, also participated in the meeting, citing ongoing cooperation with JETRO to support Egyptian startups and help them access the Japanese market.