Safronov noted that the JBIC
department has mechanisms of interaction worked out by the example of Sojitz Corporation, as well as experience of direct investments into the private sector of Russia.
CEO appreciated the economic stability achieved by Pakistan and evinced interest for investments in energy and telecom sectors.
He added that the JBIC
is interested to strengthen their presence in the Japanese automotive industry in Egypt.
The A1 rating for JBIC
reflects Moody's view that its strong links with the government of Japan (A1, Stable).
Ijima informed the Finance Minister that JBIC
financed Japanese companies on need basis and had no cap on financing in a particular country.
supports this development, and in this case subscribed as a preference shareholder in Metito to provide the company with stable financing to fund new growth opportunities.
This collaboration between a long established family business and a leading regional private equity firm, and its evolution into this new partnership with MC, MHI, and JBIC
, serves as a model template for future regional investments into family owned businesses in the Middle East.
The agreement was signed by Dr Sultan Al Jaber, Minister of State and CEO of Masdar, and JBIC
Governor, CEO, Hiroshi Watanabe.
The new agreement expands and develops the scope of the previous MoUs signed between JBIC
and ADNOC in 2007 and 2010, the bank said in a press release, adding that the key objective of JBIC
's financial support is the acquisition of new concessions and renewal of existing concessions by Japanese oil developing companies operating in the United Arab Emirates' (UAE) capital.
Under the cooperation agreement BG Group will liaise with state-owned JBIC
on its natural gas developments and JBIC
will consider providing financial support for these projects.
7m) financing from Japan Bank for International Cooperation (JBIC
), Sumitomo Mitsui Banking Corp (SMBC) and Bank of Tokyo-Mitsubishi UFJ (BTMU), JBIC
said today, quoted by Reuters.
Global Banking News-December 14, 2011--Japan's JBIC
offers USD600m to Qatar's Barzan gas project(C)2011 ENPublishing - http://www.