Egypt is considering issuing bonds in Japan for the first time


The Egyptian Ministry of Finance said in a statement today, Monday, that it is considering issuing bonds in Japan for the first time, as part of plans to issue various government bonds.

This came during a meeting between Finance Minister Mohamed Maait and the Japanese ambassador in Cairo.

According to the ministry’s statement, the issuance of bonds comes within the plans to issue Various medium and long-term government bonds, targeting new instruments such as sukuk, sustainable development bonds, and green bonds.

The ministry stated that this contributes to expanding the investor base and attracting additional liquidity to the government stock market, in a way that helps reduce the cost of debt.

For his part, the Egyptian Finance Minister, Mohamed Maait, affirmed the keenness of all state agencies to prepare all means to encourage local and foreign investments, and to overcome any obstacles that may face investors. Which contributes to the localization of industry, maximizing our production capabilities, and expanding the export base, in a way that helps drive economic growth and provide more job opportunities.

The minister pointed out that there are promising opportunities for Japanese car manufacturers to invest in Egypt, especially in the field of manufacturing electric cars, in light of the state’s support for the transition to using modern and environmentally friendly means of transportation.

The minister explained that Japan provides support for the implementation of the comprehensive health insurance system, as well as cooperation in the field of education development through the experience of Japanese schools and universities.

For his part, the new Japanese ambassador to Cairo, Oka Hirochi, said that there are new Japanese companies that have decided to pump investments in Egypt during the coming period. To take advantage of the attractive and stimulating business performance and investment climate.

The ambassador affirmed the satisfaction of the Japanese business community and investors in Egypt with the application of the ACI system for pre-registration of shipments at customs outlets in seaports.

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