JICA marks 40 yrs in Egypt, providing $7.86B total aid

CAIRO – 27 December 2017: The Japan International Cooperation Agency's (JICA) Egypt office has completed 40 years of operations, providing 890.4 billion yen in total support to the Egyptian government to achieve growth and development.

As of 2016, loans reached 684.8 billion yen, grants stood at 129.6 billion yen, while technical cooperation recorded 76.05 billion yen, JICA said in a Wednesday press release.

Around 2,979 experts and 275 Japanese volunteers have been dispatched to Egypt to work in different projects and JICA has sent 10,851 Egyptian government officials for training in Japan.

JICA contributed an equivalent of $1.5 billion in loans for the construction of the fourth line Greater Cairo Underground Metro, in addition to 18.2 billion yen to build a new terminal at Borg Al Arab Airport.

The Japanese agency is also financing the Grand Egyptian Museum (GEM) near the Great Pyramids of Giza through a loan of around $800 million.

Earlier this month, Minister of Investment and International Cooperation Sahar Nasr signed, on the sidelines of the Egypt–Japan Business Council in Tokyo, 993 million yen to supply education and research devices for the Egypt–Japan University of Science and Technology (E-JUST).

The project targets supporting the educational content and performance for the Faculty of Engineering students through supplying needed devices.