Daily News Egypt: Toyota Tsusho to Invest $1.5bn in Egypt

Toyota Tsusho is targeting investments of $1.5bn in two projects in Egypt in the new and renewable energy sector and Mediterranean natural gas exploration, Egypt’s Ambassador to Japan Ismail Khairat announced Tuesday.

The announcement came during a meeting between Khairat and leaders of Toyota Tsusho, the commercial arm of international automobile firm Toyota Motor Corporation. The meeting was held to discuss methods of investing “the successful meeting” between President Abdel Fattah Al-Sisi and Japanese Prime Minister Shinzo Abe, a Ministry of Foreign Affairs statement said.

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