GAFI chief discusses luring further Japanese investments

CAIRO - 13 August 2020: Executive Director of the General Authority for Investment and Free Zones (GAFI) Mohamed Abdel Wahab on Thursday discussed at a meeting with Chairman of the Egypt-Japan Business Council Ibrahim El Araby means of luring further Japanese investments into the Egyptian market.

The meeting was attended by the Cairo-based head of the Japanese Businessmen's Association (JBA), the general manager of the Japanese Toyota Tsusho Corporation, the head of the Japan International Cooperation Agency, and the chairman of Japan External Trade Organization (JETRO), as well as the Japanese ambassador in Cairo.  

During the meeting, Abdel Wahab asserted the importance of boosting cooperation with the Egypt-Japan Business Council, with a view to promoting current and future Japanese investments in the country.

On its part, the Japanese side lauded the GAFI's role in providing all facilitation for Japanese companies working in the country, in addition to its efforts to attract more Japanese investments.  

The two sides also exchanged views on the mechanism of the proposed joint Egyptian-Japanese investment committee, before starting its work.