Egypt has ramped up efforts to attract investors to new cities like New Alamein, holding talks with Japanese officials about opportunities in transportation and utilities, Invest-Gate reports.

Waleed Abbas, Vice President of the New Urban Communities Authority (NUCA), following directives from Minister of Housing Assem Al-Gazzar, is seeking to boost capital inflows into fourth-generation developments.

Officials met with representatives from Japan’s infrastructure and transport ministries, as well as its Cairo embassy. They were joined by representatives from the National Initiative for Industry (Ebda).

Assistants to NUCA’s deputy chairman Ahmed Moussa and Heba Saif outlined New Alamein’s potential as a tourism and residential hub under the Egypt 2052 plan to double the population.

Located on the Mediterranean, the new city will offer year-round living and diverse housing while establishing comprehensive services, they said.

The Japanese delegation expressed interest in presenting infrastructure investment prospects to investors and companies involved in sectors like roads, transportation and water projects such as desalination and treatment.

Citing Egypt’s strategic position on global trade routes via the Suez Canal, Tokyo underscored the links between the nations dating back millennia.

With the construction of fourth-generation cities integral to long-term expansion goals, Cairo continues courting overseas capital to unlock their economic potential. Japan’s proclivity for major project financing could boost such developments.