Sherif El Sherbini, Minister of Housing, Utilities, and Urban Communities, convened with Kanazawa Yukio, a legendary figure in Japanese real estate and the owner of Titan Capital, alongside Niwa Kashira, Titan Capital’s Chairman, Invest-Gate reports.
The objective of the meeting was to explore avenues for collaboration in real estate development, introduce modern technologies to Egypt, and showcase investment prospects open to Japanese enterprises and investors within Egypt.
El Sherbini underscored the enduring and robust ties between Egypt and Japan, emphasizing the government’s dedication to enhancing cooperation with all Japanese entities and investors within the ministry’s spheres of operation. He reiterated the commitment to extending comprehensive support to Japanese investors and companies for the mutual benefit of both parties.
El Sherbini explained that over the past decade, during President Abdel Fattah El-Sisi’s tenure, Egypt has made significant strides in urban development across various sectors, notably in the establishment of fourth-generation cities. These technologically advanced, environmentally conscious, and sustainable cities present lucrative avenues for real estate investment across diverse segments, alongside opportunities in ancillary sectors beyond the preceding generations of new cities.
Additionally, the Minister highlighted the array of investment prospects available in the New Administrative Capital, New Alamein City, New Mansoura City, and other fourth-generation cities. These opportunities encompass integrated urban initiatives, service-oriented projects, and industrial undertakings conducive to collaborative ventures within the industrial zones of these locales.
Moreover, El Sherbini extended an invitation to the Japanese real estate luminary to partake in the World Urban Forum, scheduled to be hosted by Egypt from November 4th to 8th. This global event will witness the participation of numerous international delegations from approximately 175 countries, comprising governmental officials and private sector representatives. He emphasized that Titan Capital’s presence at this forum would furnish significant prospects to explore Arab and African markets and forge multiple cooperation agreements.
Expressing his intent, Kanazawa Yukio articulated plans to channel a substantial portion of his investments, totaling $8 bn, into Egypt, driven by the country’s promising investment landscape and strategic positioning as a gateway to Arab and African markets.
Yukio elaborated that his investment partners are eager to establish an investment consortium headquartered in Egypt, serving as a springboard for ventures in the Arab and African domains. He extended invitations to his investor associates from USA and Europe to engage in Egypt’s burgeoning market.
Furthermore, Yukio reiterated his commitment to fortifying and broadening cooperation with the Egyptian government, outlining intentions to execute various investment initiatives for the mutual advantage of both parties. He disclosed an ongoing collaboration with the Ministry of Military Production to fabricate a device capable of extracting water from atmospheric vapor, with production slated to commence imminently to cater to the Egyptian market’s demands and for international export.
