Back to the complete issue
Wednesday, 13 March 2019

The Japanese business delegation meet with PM Madbouly to talk investment

A visiting Japanese business delegation made the airwaves last night. Al Hayah Al Youm’s Khaled Abu Bakr said the delegation proposed to Egyptian officials, led by Prime Minister Moustafa Madbouly, potential moves to improve the country’s attractiveness as an investment destination (watch, runtime: 02:03). The delegation also highlighted obstacles that could potentially face Japanese investors in Egypt. Abu Bakr noted that Japanese and Egyptian business leaders will meet over the coming days.

Egypt’s recorded a primary budget surplus of EGP 4 bn last fiscal year, Abu Bakr quoted Finance Minister Mohamed Maait as saying (watch, runtime: 03:06). Maait also reportedly said the country will pay EGP 541 bn in interest on debt this year.

An Egyptian delegation is in France attending the MIPIM 2019 real estate exhibition in Cannes, which comes to an end Friday. Al Hayah Al Youm’s Lobna Assal said it is the first time for Egypt to attend the expo (watch, runtime: 02:37) and (watch, runtime: 05:04).

Meanwhile, Hona Al Asema’s Lama Gebril discussed a New York Times report published earlier this week on how new gas discoveries could help Egypt strengthen its geopolitical position (watch, runtime: 09:04).

Egypt needs to build around 500k housing units every year at varying prices to meet growing demand, Mortgage Finance Fund head Mai Abdel Hamid told Gebril in a segment that featured an in-depth report on the issue (watch, runtime: 33:53).

Enterprise is a daily publication of Enterprise Ventures LLC, an Egyptian limited liability company (commercial register 83594), and a subsidiary of Inktank Communications. Summaries are intended for guidance only and are provided on an as-is basis; kindly refer to the source article in its original language prior to undertaking any action. Neither Enterprise Ventures nor its staff assume any responsibility or liability for the accuracy of the information contained in this publication, whether in the form of summaries or analysis. © 2022 Enterprise Ventures LLC.

Enterprise is available without charge thanks to the generous support of HSBC Egypt (tax ID: 204-901-715), the leading corporate and retail lender in Egypt; EFG Hermes (tax ID: 200-178-385), the leading financial services corporation in frontier emerging markets; SODIC (tax ID: 212-168-002), a leading Egyptian real estate developer; SomaBay (tax ID: 204-903-300), our Red Sea holiday partner; Infinity (tax ID: 474-939-359), the ultimate way to power cities, industries, and homes directly from nature right here in Egypt; CIRA (tax ID: 200-069-608), the leading providers of K-12 and higher level education in Egypt; Orascom Construction (tax ID: 229-988-806), the leading construction and engineering company building infrastructure in Egypt and abroad; Moharram & Partners (tax ID: 616-112-459), the leading public policy and government affairs partner; Palm Hills Developments (tax ID: 432-737-014), a leading developer of commercial and residential properties; Etisalat Misr (tax ID: 235-071-579), the leading telecoms provider in Egypt; and Industrial Development Group (IDG) (tax ID:266-965-253), the leading builder of industrial parks in Egypt.