- Egypt and Japan will hold a high-level policy dialogue by August to focus on renewable energy. Significant projects include the Abydos solar station and the Amunet wind station.
- Minister Rania Al-Mashat emphasised Japan’s role in supporting Egypt’s renewable energy initiatives through JICA and JBIC, which fund vital energy projects totalling 1,000 megawatts.
- The dialogue follows recent discussions urging Japanese investors to explore opportunities in Egypt’s renewable energy sector. This aligns with Egypt’s goal to increase foreign direct investment (FDI) growth to 14% annually by 2030.
Egypt and Japan will organise a high-level policy dialogue by the end of August to focus on development, cooperation, and technical assistance, particularly renewable energy. Minister of Planning, Economic Development, and International Cooperation Rania Al-Mashat announced this after meeting with Japanese Ambassador Oka Hiroshi on Sunday
Al-Mashat highlighted the strong partnership between Egypt and Japan, noting their collaboration in renewable energy projects. They are working together on critical initiatives such as the Abydos solar power station and the Amunet wind power station. JICA funds the Abydos station to produce 500 megawatts (MW) of solar energy. At the same time, the Japan Bank for International Cooperation (JBIC) will finance the Amunet station, which will generate 500 MW of wind energy.
This dialogue follows another recent meeting between Ambassador Hiroshi and Egypt’s Finance Minister, Ahmed Kouchouk. Kouchouk urged Japanese investors to explore opportunities within Egypt’s competitive market, emphasising the favourable conditions for foreign investment in renewable energy.
Al-Mashat also discussed strengthening industrial development and localisation partnerships, focusing on energy projects. She stressed that Japanese institutions will continue to provide financial and technical support to Egyptian private sector companies. This support aligns with Egypt’s State Ownership Policy Document, which aims to increase the annual growth rate of FDI to 14% by 2030.
Japan is a key development partner for Egypt, collaborating on over 18 projects valued at approximately $3.9 billion. These projects support Egypt’s Sustainable Development Goals (SDGs), including significant health, education, energy, and infrastructure investments.