Egypt, Türkiye agree to boost trade, investment for mutual benefit, Egyptian president says

Bilateral trade reached around $9 billion, with aspirations to raise it to $15 billion or more, President Abdel Fattah al-Sisi says

Abdel Fattah al-Sisi

Egypt and Türkiye have agreed to work jointly to boost bilateral trade and attract more Turkish investments in a way that achieves 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, held in Cairo, with the participation of Turkish President Recep Tayyip Erdogan, senior officials, and business leaders from both countries.

The Egyptian president expressed his "deep appreciation for the business communities in the two countries," saying they had succeeded in recent years to give increasing momentum to economic and trade cooperation, reflecting the strength of ties and shared interests between Egypt and Türkiye.

He said that strong foundations for economic integration, alongside geographic and cultural proximity, as well as political will and the determination of the business community, have helped the two sides to reach "unprecedented levels" of trade and investment cooperation.

According to Sisi, bilateral trade has reached around $9 billion, with aspirations to raise it to $15 billion or more, making Egypt Türkiye's leading trading partner in Africa, while Türkiye ranks among the top destinations for Egyptian exports.

source: aa