What is the story of Turkish investments in Egypt, what is the story of the Turkish companies entering the Egyptian market with strength and how much Turkish investments are reaching, and what is the secret of the Turkish rush to invest in the Egyptian markets in particular.. Stay with us until the end and you will know the details in this video.
Egypt and Turkey have very old relations, despite the differences between them, which ended with the visit of the Turkish President to Egypt, and then the visit of President Sisi to Ankara. The two countries opened a new page in economic cooperation, and Egypt’s advantage for Turkey is that it is a huge, close and close market similar to the Turkish markets, and it is considered a promising market for investments and Turkish companies that want to add their share to it. Projects in Egypt with the huge onslaught of international companies to invest in Egypt, benefiting from great incentives announced and provided by the Egyptian government to investors, such as the golden license, for example.
If you remember that President Sisi and his Turkish counterpart Erdogan agreed to increase the volume of bilateral trade to 15 billion dollars, this will be through strengthening economic and trade relations between the two parties and investing in the available capabilities. This announcement was part of the joint declaration of the first meeting of the high-level strategic cooperation council between the two countries, which was issued during President Abdel Fattah El-Sisi’s visit to Ankara, which is El-Sisi’s first visit since taking office, as well as the first visit by an Egyptian president to Turkey in 12 years.
The joint declaration of the first meeting of the high-level Strategic Cooperation Council between Egypt and Turkey at that time included 36 items, most of which focused on the economic cooperation file, most notably continuing to develop the investment climate for businessmen, encouraging new investments, and cooperating in the fields of small projects and entrepreneurship, as well as promoting and increasing economic projects and joint investment opportunities in all areas. areas, enhancing cooperation in the areas of energy, housing, labor and employment, social security, technical and vocational training, as well as tourism, media and communications.
After this announcement, 17 memorandums of understanding were signed between Egypt and Turkey in a variety of different fields, most notably industrial investment, higher education, railways, communications, agriculture, health care, small and medium enterprise development, as well as new and renewable energy and environmental protection.
After that, delegations of famous Turkish companies visited many countries to explore the Egyptian market, and many Turkish companies actually announced pumping money into Egypt to build new factories for them, especially clothing companies. There is also talk about establishing a Turkish industrial city in Egypt, which will be a surprise.
Ok, what is new in Turkish investments in Egypt?
Look, sir, if you follow, you will know that Engineer Hassan Al-Khatib, Minister of Investment and Foreign Trade, held a meeting in recent hours with Mohamed Tara, Chairman of the Board of Directors of the Turkish company Anka, with the aim of discussing the company’s plans for investment and expansion in the Egyptian market. According to the ministry’s statement, the meeting witnessed a review of investment opportunities and components in the Egyptian market in A large number of areas of interest to the company.
According to the information, the Turkish company’s plans focus on investing in the fields of energy, infrastructure projects, real estate development, and partnership projects between the public and private sectors, in addition to health care projects, data centers, and airport development in Egypt.
Al-Khatib, for his part, stressed the ministry’s keenness to attract more Turkish investments to the Egyptian market in sectors of common interest, in a way that reflects the distinguished bilateral relations that link Cairo and Ankara in various fields and at all levels, noting that the state has implemented huge investments in the infrastructure sector during the past period that contributed to Creating an investment climate in Egypt
Ok, let us go back to this company, what exactly is it working on?
Look, your honor, it is one of the largest international companies working in the fields of construction and construction, and it has implemented major and huge projects in many fields in a large number of countries around the world. This means a monster in the field of construction and construction, and it is coming to benefit from the huge recovery in the Egyptian construction market, which is moving very quickly in every inch. In Egypt, especially the new smart cities and the northern coast, and the Egyptian state’s plans to export real estate, and the Turkish company, of course, wants to have a share in the most important real estate market in the region..
By the way, the company’s delegation’s visit to Cairo is one of the important results of the visit of Engineer Hassan Al-Khatib, Minister of Investment and Foreign Trade, to the Turkish capital, Istanbul, and his important meetings with major investment groups and companies in Turkey, and a review of investment opportunities and advantages in Egypt. The company, represented by its president, took the initiative to respond to the minister’s invitation to visit Egypt and meet the Prime Minister. And a number of ministers to identify investment opportunities.
