Egypt seeks continued Japanese JBIC support for Samurai bond issuance

CAIRO – 3 June 2026: Egypt is seeking continued Japanese support for Samurai bond issuance and deeper economic cooperation with Japan, Foreign Minister Badr Abdelatty said during talks in Tokyo on Wednesday.

Abdelatty met Nobumitsu Hayashi, Governor of the Japan Bank for International Cooperation (JBIC), as part of his bilateral visit to Japan, discussing ways to strengthen economic and investment ties between both countries and JBIC’s role in supporting Egypt’s development priorities.

The foreign minister said Egypt looks forward to expanding cooperation with the bank in line with growing economic opportunities and the wider presence of international financial institutions in the Egyptian market.

Abdelatty also praised JBIC’s support for Egypt’s first and second Samurai bond issuances in 2023 and 2024, expressing hope that it would continue to promote the third issuance among Japanese financial institutions and investors to ensure its success.

Egypt is reportedly preparing to issue around $500 million in Samurai bonds in Japan this year, Bloomberg reported in May, citing a government official. Samurai bonds are yen-denominated debt issued by foreign borrowers in Japan’s domestic market.

He outlined Egypt’s recent economic reforms, saying the country offers Japanese companies a strategic platform to diversify production and supply chains amid global economic challenges.

He added that Egypt is well positioned as a regional hub for manufacturing and exports to Arab, African and European markets.

Meanwhile, the minister stressed the importance of JBIC support for Egypt’s efforts to localize industry in priority sectors, including solar panels, renewable energy components, water desalination technology, and automotive manufacturing, particularly electric vehicles.

He also highlighted opportunities for cooperation in research and development, citing the rapid growth of Egypt’s IT sector and the increasing presence of global companies establishing research and development centres in the country.

He expressed Egypt’s hope that JBIC would encourage Japanese firms operating in Egypt to expand research and development activities and take advantage of the country’s competitive advantages in this field.