Head of the Suez Canal Economic Zone (SCZONE) Walid Gamal El Din discussed in a meeting with CEO and Chairman of the Japan External Trade Organization (JETRO) Nobuhiko Sasaki ways of attracting Japanese investments to the industrial sectors in the zone.

This meeting is part of intensive talks held by an SCZONE delegation with CEOs and business officials in Japan to promote investment opportunities in the zone, according to a statement released by the SCZONE on Thursday.

Gamal El Din briefed Sasaki on the industries set to be localized in the zone, notably the industries of green fuel, auto, railway car components and medical devices, as well as pharmaceutical and glass industries.

The SCZONE head reviewed the facilitation and incentives offered by the authority to investors, citing the recent measures to create an attractive business climate and quickly finalize economic activities in the zone, as well as develop the basic and digital infrastructure in this key economic facility.

On his part, JETRO chairman said he is set to visit Egypt early March to sign a memorandum of understanding (MoU) with the Federation of Egyptian Chambers of Commerce (FEDCOC).

Sasaki pointed to the JETRO sponsorship programs to support and develop Japanese start-ups.

In this regard, Gamal el Din expressed hope for cooperation with JETRO to provide opportunities for Egyptian start-ups to benefit from its sponsorship programs.

Source: State Information Service Egypt