The Japan Bank for International Cooperation (JBIC) expects to sign an agreement with the Egyptian government this year for at least one of two planned public-private partnership (PPP) projects in the renewable energy sector. Kenichiro Kitamura, JBIC's Chief Representative for the Middle East, told Amwal Al Ghad on Sunday that the bank is currently working on finalising agreements for both projects as part of its efforts to support Egypt's green energy transition. He added that JBIC has mobilised more than $1 billion in financing for Egypt's NWFE (Nexus of Water, Food and Energy) Programme in cooperation with international partners. JBIC's current portfolio in Egypt reached around $1 billion in 2024, Kitamura noted, with infrastructure and energy representing the bank's primary focus areas in the country. He said infrastructure alone accounts for approximately 70 percent of the portfolio. The Japanese state-owned bank is intensifying its role in Egypt's development drive, supporting strategic sectors that align with the country's sustainability agenda and Japan's global infrastructure financing goals. Kitamura made these remarks on the sidelines of the Development Financing to Foster Private Sector-led Growth and Jobs Conference that tool place in Cairo. Attribution: Amwal Al Ghad
