The Turkish Ambassador Salih Mutlu Şen discussed economic relations between Türkiye and Egypt, highlighting Turkish investments in textiles, collaboration on Gazan reconstruction, and planned cultural events for the centennial of diplomatic ties. Ministerial visits and increased trade are anticipated in 2024, alongside significant support efforts for Gaza following the recent conflicts.
Turkish Ambassador to Cairo, Salih Mutlu Şen, emphasized that Turkish companies are exploring investment opportunities in Egypt, predominantly in the textile sector. An interview with Şen highlighted the potential for enhanced cooperation between Türkiye and Egypt. Both countries are keen to foster business relations and partnerships across various industries.
In 2024, Türkiye and Egypt engaged in three high-ranking state visits, including one by President Erdoğan for the D-8 Summit and another by President Al-Sisi. There are expectations of upcoming ministerial visits, including the Turkish Foreign Minister to Egypt, in preparation for a strategic cooperation meeting between the two nations. Recent visits by Egyptian officials, including a fruitful meeting with President Erdoğan, underscore the commitment to continual dialogue.
The Turkish Ambassador reaffirmed Türkiye’s opposition to the displacement of Palestinians from Gaza, confirming collaboration with Egypt on reconstruction efforts. Türkiye believes that Gazans should not be resettled but remain in their homes. The international community, particularly Arab and Islamic countries, can facilitate rapid reconstruction, which does not need to extend over several years.
Concurrently, Türkiye is providing humanitarian aid to Gazans and is prepared to support reconstruction logistics in collaboration with Egypt, including shelter provisions for those affected by demolitions. The Ambassador emphasized the necessity for cooperative efforts from multiple countries to effectively address reconstruction needs in Gaza.
Additionally, the Turkish company Polaris has signed agreements to establish industrial zones in Egypt, with a focus on the 6th of October City. The planned area spans five million square meters and aims to accommodate 1,000 factories, primarily in the textile industry. Discussions regarding further investments are underway with the Egyptian government.
Turkish companies are actively increasing their presence in various sectors within Egypt. Significant investment is anticipated, with a target of $500 million in Turkish investments for 2024. This surge is expected to lead to a 10-15% increase in trade volume, enhancing relationships and economic ties between the two countries.
To commemorate 100 years of Türkiye-Egypt diplomatic relations, a series of cultural and sporting events are planned. Planned activities include a soccer match between U-19 teams, performances by the Fire of Anatolia, and various concerts and exhibitions, all aimed at celebrating the historical bond between the nations.
In conclusion, the Turkish Ambassador to Cairo has articulated Türkiye’s commitment to strengthening economic relations with Egypt through trade, investment, and cultural collaboration. The rejection of the displacement of Gazans highlights Türkiye’s supportive stance on humanitarian issues. Major industrial projects and ministerial visits are set to bolster economic ties, while cultural events will deepen diplomatic relations, marking a century of cooperation between the two countries.
Original Source: www.dailynewsegypt.com
