print logo

The launching of the strategic between Egypt and Turkey

The signing of 11 agreements between the two countries and ways to raise investments in Egypt and to overcome the hurdle.

The signing of 11 agreements between the two countries and ways to raise investments in Egypt and to overcome the hurdle.

The visit of Turkish Prime Minister – Ragab Tayyip Erdogan – to Egypt has a great importance as it defines the new features of the relations between Egypt and Turkey in the next phase.

The Field Marshal Mohamed Hussein Tantawi - head of the military - and Ragab Tayyip Erdogan - Turkish Prime Minister – discussed the development of joint cooperation between Egypt and Turkey in various fields of trade, economic, investment and encourage the establishment of joint investment projects between businessmen in both countries.

The prime ministers of Egypt and Turkey signed 11 agreements and a memorandum of understanding in several fields.

Ragab Tayyip Erdogan visited a number of projects and Turkish investments in Egypt, and meet a delegation of businessmen from both countries to discuss opportunities for increasing the volume of Turkish investments in Egypt and promote Egyptian investments in Turkey as well as proposed solutions to overcome the obstacles facing the Turkish investments in Egypt.

The trade volume between Egypt and Turkey achieved a quantum leap after signing the Free Trade Agreement amounted to $ 3.1 billion versus $ 500 million just before the signing of the agreement in 2007, including imports from Turkey rose to 2.3 billion dollars.
As the volume of Turkish investments in Egypt to $ 1.5 billion of which Turkey occupies