The meeting, organized by the Egyptian Embassy in Tokyo, featured Yasser Sobhi, Deputy Minister of Finance for Fiscal Policy, and Masashi Mochizuki, Executive Officer and Board Member of NEXI, alongside Egyptian Ambassador Ragui El-Etreby.
Ambassador El-Etreby highlighted NEXI’s pivotal role in
providing credit guarantees for Egyptian projects, noting that Egypt serves as
a strategic partner for Japan in diversifying global supply chains and regional
reconstruction efforts.
NEXI officials expressed renewed confidence in the Egyptian
market, citing a noticeable improvement in the country’s macroeconomic
indicators. They confirmed Egypt remains a primary partner for export
financing, particularly in the green energy transition.
Deputy Minister Sobhi outlined the rise in net foreign
assets and the growing contribution of the private sector to Egypt's GDP. Egypt
is specifically seeking Japanese expertise in pharmaceuticals, renewable
energy, and advanced technology.
Both parties discussed enhancing sovereign financing tools,
including potential future issuances of Samurai bonds (yen-denominated bonds
issued in Tokyo by non-Japanese entities).
The two sides agreed to maintain a continuous exchange of information to assist Japanese firms looking to enter the Egyptian market, with NEXI welcoming deeper cooperation in the coming phase.