Coordination has begun between Egypt and Japan to sign agreements on a number of cooperation projects during President Sisi’s visit to Japan in January, Al Mal reports. An official with the Japanese International Cooperation Agency (JICA) told the outlet that new financing agreements are expected to be signed in the fields of energy, health, and education, but the official did not provide further details.
The official did point out, however, that two projects have already been reached between the two countries in the field of energy – the most notable of these being cooperation on the electricity distribution network, which received a soft loan worth around $190m. Other areas of cooperation will likely be expansion of the Burj Al Arab airport worth of approximately EGP 1.2b. The source stated that the two sides were negotiating greater funding for other projects already supported by JICA.