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Daily News Egypt: Egypt, Turkey put aside differences to boost business relations

Plans to establish a new industrial zone in Egypt worth EGP 3bn and will include a number of factories and workshops.
28.11.17 | Interesting article at Daily News Egypt

Egypt and Turkey have decided to put aside their political differences in order to boost their business relations after four years of apathy, as the Turkish city of Konya is holding a major economic conference that will see attendance by businesspeople from both sides.

On the sidelines of the first day of the conference that kicked off on Monday, Atilla Ataseven, head of the Turkish & Egyptian Businessmen Association (TUMIAD), said in a presser that “the conference aims at discussing the targetted first Turkish industrial zone in Egypt, which will include a number of factories and workshops.”

The value of the investments in the new industrial zone is worth EGP 3bn, and will create many jobs in the Egyptian market.

He also announced that Turkey will establish a factory for the luxurious glass brand Paşabahçe in Egypt, as one of their efforts to challenge the prevalence of low quality Chinese imports.