Message from Ambassadors

Growth and Investments Prospects
in Egypt
Mohamed ABUBAKR Saleh Fattah
Ambassador of the Arab Republic of Egypt to Japan
Egypt holds a unique position in the history of humanity,
past and present. Its status, role and influence, are derived
essentially from the particular geo-strategic location,
diverse Afro-Arab culture and distinct Mediterraneancivilization. Egypt remains a corner stone for peace,security and stability in the Middle East; thanks to its
balanced foreign policy.

Resilient Egyptian Economy
The Egyptian economy has shown resilience against theimmense human and financial costs caused by theCovid-19 pandemic in 2020 and the Crisis in Europe in
2022. Despite the pandemic, Egypt was one of the few
emerging markets that experienced positive growth rateof 3.8% in 2020, owing to the successful implementationof the economic and structural reform program since2016, that provided the government with more fiscal tools

to overcome the challenges posed by the pandemic. The
economy grew by 6.2% in the following year that endedin June 2022 and is expected to grow fairly over the next
3 years, achieving levels of growth around 5.5% annually.
The recent economic reforms come under the frameworkof Egypt Vision 2030, which reflects the State’s long-term
strategic plan to achieve the principles and goals of thesustainable development in all fields, and to settle them inthe various Egyptian State bodies. The vision aims at
creating a competitive, balanced and diversified economy
that supports social justice, economic development, andthe environment.

Investment Climate in Egypt
The investment climate in Egypt, especially in the past
few years, has witnessed many legislative and institutional

Ambassador MOHAMED ABUBAKR SALEH FATTAH worked for over 32 years as a career diplomat and a public
service official at the Ministry of Foreign Affairs and served in various Egyptian diplomatic missions abroad.
Before taking up the current posting, he has held the position of Assistant Foreign Minister for Libya at the Ministry ofForeign Affairs from 2018 till 2021. He has also been the permanent representative of Egypt to the Community of SahelSaharan States (CEN-SAD) starting from 2013 until 2021.
Previously, he has served as Ambassador of Egypt to Libya from 2013 to 2017. Prior to that, he was political Counselor
at Embassy of Egypt in London from 2006 to 2010, following up the bilateral, regional and multilateral political issues.
In the period between 2000 and 2004, he occupied the position of First Secretary at the Egyptian Embassy in New
Delhi in charge of the bilateral economic & political cooperation portfolio. Formerly, he was a diplomatic officer working
on developing Egypt’s multilateral relations at the permanent mission of Egypt to the United Nations in New York.
Ambassador Abubakr held different positions at the Ministry ofForeign Affairs in several departments dealing with Egyptian
European relations, international economic relations, and Directorof the international specialized agencies (UN) at the Ministry ofForeign Affairs from 2010 till 2013.
He participated in various international conferences andconventions dealing with numerous vital issues such as Libyan
crisis, regional development, and multilateral cooperation, as hewas one of the top Egyptian officials responsible for dealing withseveral rounds of negotiations to resolve the critical issue in Libya
between 2013 and 2021.

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reforms for the purpose of facilitating and simplifying
procedures for investors. The General Authority for
Investment and Free Zones (GAFI) has identified a wide
range of sectors that Egypt’s competitive advantage makes
suitable for further development including renewableenergy, agriculture and land reclamation, communication& IT, education, financial & insurance services, foodprocessing, health care, mining, oil & gas, pharmaceuticals& medical industries, real estate, textiles, and tourism.
Adding to the above, and based on the mentioned vision,
the Egyptian Government has modernized the legislative
structure in order to attract more foreign investments,
which qualified Egypt to be the first country in attracting
foreign investments in Africa.

Strategic Geopolitical Location
Egypt’s situation in a strategic geopolitical location gives anideal advantage of access to markets with various trade
agreements incentives that operating in Egypt benefits from.
Egypt’s multiple free trade agreements provides access to 1.5
billion consumers, of which 100 million consumers are inEgypt. Furthermore, connecting investors with established andemerging markets with 8% of world trade passing through theSuez Canal. Shipping time and cost are lower from Egypt, 7days less to the USA than from China and 50% cheaper
compared to the other major logistical location in MENA.
Therefore, I invite all the Japanese companies to take advantageof the huge opportunities offered to invest in Egypt in all fields.

Projects in light of “Egypt 2030”
In this regard, and in light of “Egypt 2030” Vision, Egypt
is currently witnessing a true urban renaissance, throughthe execution of numerous megaprojects and a series ofinfrastructure reforms in various areas including theconstruction of 14 new cities – already in their finalstages, and 16 more cities are planned to start construction
soon, as well as more than 7000 kilometers of new roads,
in addition to many projects in areas such as renewableenergy, transportation, education, and healthcare, which
provides numerous opportunities for investment anddevelopment in the country.

and developing the Egyptian transportation system byintroducing new projects such as “The express train”
project, which will establish a way to link the Red sea
with the Mediterranean, which will enhance and facilitate
the international trade movement. In addition to big
industrial projects and many projects in the field of clean
energy production, which are being launched in Egypt at
an accelerating rate over the recent period.
It is important to note that Egypt has begun to focus on thegreen economy as an important and key avenue ofcomprehensive development goals taking place inside thecountry. This can be achieved through the implementationof numerous projects that align with the economic andenvironmental priorities of Egypt; where the sustainable
development strategy “Egypt 2030”, targets theenvironmental dimension as a basic focus in all
developmental and economic sectors.

Egypt Is Set to Host COP 27
Finally, and in light of Egypt’s commitment to sustainable
development, I have the honor to announce that this year,
Egypt is set to host the 27th session of the Conference ofParties to the United Nations Framework Convention on
Climate Change (UNFCCC) - also known as COP 27 -,from 7-18 November 2022, in Sharm El-Sheikh. In thisregard, I would like to invite the Japanese companies toparticipate in this important meeting which shall bringworld leaders and governments together, as well as private
sector and civil society, to accelerate global efforts toconfront the climate crisis, with the goal to urgently scale up
efforts to adapt to a warming world and to implement
climate solutions across all sectors. The meeting shallprovide an opportunity for companies to showcase the latest
green technologies and climate solutions in the Green Zone
which we believe is a hub of innovation and climate action.
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E-mail: bd@joi.or.jp、TEL:03-5210-3311

Egypt has also succeeded within the framework of its
strategy to maximize its capabilities to implement huge
agricultural projects aimed at increasing the agriculturalarea by about 2 million acres, in addition to the mega
projects that Egypt is implementing in the field oftransport by extending thousands of kilometers of roads,
442022.9駐日エジプト・アラブ共和国大使館
Mohamed A. IBRAHIM
Counsellor
Head of Economic and Commercial Bureau
E-mail: tokyo@ecs.gov.eg
URL: https://egyptembassy.jp/