Prime Minister Ibrahim Mahlab met on Monday with the deputy chief of Japan’s Bank for International Cooperation (JBIC), and praised development projects funded by Japan in Egypt including Egypt-Japan University and the Grand Egyptian Museum.
Investment minister Ashraf Salman and Japan’s ambassador in Cairo attended the meeting.
“Mr Mahlab expressed his hope that more Japanese firms would do businesses in Egypt including the new Suez Canal project,” cabinet spokesman Hossam Qawish said.
On his part, the Japanese official said that his country is keen on partaking in the Egyptian projects, referring to the bank’s possibility to offer soft loans for financing generating-electricity projects via the new and renewable energy sources.