Transport Minister Kamel el Wazir hailed the distinguished ties between Egypt and Japan as well as the efforts exerted by Japanese Ambassador in Cairo Noke Masaki to serve mutual benefit.

Wazir made the remarks during a meeting with the Japanese ambassador at the end of his term of duty in Egypt.

Wazir underlined that the investment climate in Egypt is promising, noting that there are many investment opportunities in the country’s transportation sector, whether those launched by the Transportation Ministry or in tandem with international banks.

He said the ministry is looking forward to enhancing cooperation with Japanese companies, noting that the maritime transportation sector is being developed to turn Egypt into a center for international trade and logistics and there are many investment opportunities in this area.

He noted that an agreement will be inked with the Japanese company Mitsubishi and the Spanish company CAF to develop 23 trains of the first line of Cairo Metro.

For his part, the Japanese ambassador voiced deep appreciation of Egypt’s political leadership, hailing the fruitful cooperation in various domains during the past years.

He noted that the transportation sector has witnessed a leap in the era of President Abdel Fattah El Sisi.

He hailed the fruitful cooperation with the transport minister in implementing a number of joint projects that serve people, topped by the fourth line of Cairo Metro which is being carried out under the set timetable.

Source: State Information Service Egypt