Friday 22 Nov
Egyptian Minister of Trade and Industry Engineer Ahmed Samir, Wednesday met with Mustafa Denizer, the Head of the Turkish delegation and members of the Turkish Foreign Economic Relations Board (DEIK) to discuss investment opportunities currently available in the Egyptian market.
This meeting was attended by Amr
El-Hamami, Egypt's ambassador to Ankara, and Minister Trade Commissioner Ali
Pasha, head of the Egyptian Commercial Office in Istanbul. It took place within
the framework of the minister's current visit to Istanbul to participate in the
informal meeting of trade ministers of the Group of Eight Islamic Developing
Countries (D-8) and the third ministerial meeting of ministers of the Trade
Standing Committee for Economic and Commercial Cooperation of the Organization
of Islamic Cooperation (OIC).
Samir reviewed the features of
the improvement of the Egyptian economy, and the great opportunities it
provides for Turkish companies wishing to invest in Egypt, whether for sale in
the local market or export abroad, within the framework of the network of trade
agreements concluded between Egypt and various countries and major economic
blocs such as the European Union, the United States, Arab countries and the
South American bloc, Mercosur.
The minister added that joint
negotiations on the launch of the Ro-Ro shipping line between Egypt and Turkey
are in full swing.
For his part, Mustafa Denizer,
Head of the Turkish side in the Joint Business Council, explained that Turkish
investments in Egypt are characterized by sustainability and continuous growth,
noting that the Turkish and Egyptian governments alike encourage Turkish
investments in Egypt, which have exceeded 3 billion dollars and are on the
rise.
Turkish investors expressed their
desire to resume the operation of the Ro-Ro line between Egypt and Turkey,
which would contribute to facilitating trade between the two sides.
