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Egypt, Türkiye Agree to Boost Trade, Investment Ties
(MENAFN) Egypt and Türkiye have committed to working together to boost bilateral trade and attract more Turkish investments for mutual benefit, Egyptian President Abdel Fattah al-Sisi said on Wednesday evening.
Sisi made the remarks during the closing session of the Türkiye–Egypt Business Forum in Cairo, attended by Turkish President Recep Tayyip Erdogan, senior officials, and business leaders from both nations.
He expressed “deep appreciation for the business communities in the two countries,” noting that their efforts in recent years have successfully accelerated economic and trade cooperation, reflecting strong ties and shared interests.
Sisi highlighted that bilateral trade has reached around $9 billion, with plans to increase it to $15 billion or more, positioning Egypt as Türkiye’s leading trading partner in Africa. Turkish investments in Egypt have already exceeded $4 billion.
Marking 100 years of diplomatic relations between the two nations, Sisi said consultations with Erdogan showed broad consensus that the full potential of cooperation has yet to be fully realized. Both sides agreed to intensify efforts to expand trade volume and attract additional Turkish investments.
He also praised the success of Turkish investors in Egypt’s ready-made garments and textiles sector, noting their significant contribution to Egypt’s exports.
On domestic economic reforms, Sisi emphasized that Egypt has continued implementing its program over the past two years in cooperation with the International Monetary Fund, ensuring macroeconomic stability and growth.
Sisi made the remarks during the closing session of the Türkiye–Egypt Business Forum in Cairo, attended by Turkish President Recep Tayyip Erdogan, senior officials, and business leaders from both nations.
He expressed “deep appreciation for the business communities in the two countries,” noting that their efforts in recent years have successfully accelerated economic and trade cooperation, reflecting strong ties and shared interests.
Sisi highlighted that bilateral trade has reached around $9 billion, with plans to increase it to $15 billion or more, positioning Egypt as Türkiye’s leading trading partner in Africa. Turkish investments in Egypt have already exceeded $4 billion.
Marking 100 years of diplomatic relations between the two nations, Sisi said consultations with Erdogan showed broad consensus that the full potential of cooperation has yet to be fully realized. Both sides agreed to intensify efforts to expand trade volume and attract additional Turkish investments.
He also praised the success of Turkish investors in Egypt’s ready-made garments and textiles sector, noting their significant contribution to Egypt’s exports.
On domestic economic reforms, Sisi emphasized that Egypt has continued implementing its program over the past two years in cooperation with the International Monetary Fund, ensuring macroeconomic stability and growth.
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