Turkey and Egypt Aiming for $15 Billion Trade Goal
Turkey’s Ambassador to Cairo Şen emphasized the strong bond between Turkey and Egypt during his speech at the African Tourism Forum in Sharm el-Sheikh, Egypt. He highlighted the growing cooperation between the two countries, stating that Egypt is like a relative to Turkey and they aim to share their technical and industrial expertise generously.
The Ambassador also mentioned the historic visit of President Recep Tayyip Erdoğan to Egypt on February 14, which he believed signaled a new chapter in bilateral relations. He expressed optimism about the economic future between Turkey and Egypt, aiming to reach a trade volume of $15 billion within the next five years.
One of the key areas of interest for Turkey is investment in the textile industry in Egypt. With an existing investment volume of over $3 billion, Turkish investors are exploring opportunities to expand their presence in the Egyptian market. Additionally, Turkish tourism professionals have been sharing their expertise with Egypt, especially in areas such as hotel equipment and aquapark manufacturing.
Ambassador Şen stressed the importance of looking at tourism beyond just numbers, emphasizing that the Turkish tourism sector plays a crucial role in the Egyptian economy. He emphasized the multifaceted relationship between Turkey and Egypt, highlighting the potential for growth in the fields of economy, trade, and tourism due to their historical, social, and cultural ties.
Overall, Ambassador Şen’s remarks at the forum indicated a positive outlook for the future of Turkish-Egyptian relations, with a focus on collaboration and mutual benefit.
