Turkish Ambassador to Cairo, Salih Mutlu Şen, discusses Türkiye’s active engagement in expanding investment in Egypt, particularly in textiles. He reaffirms Türkiye’s opposition to the displacement of Gazans and supports joint reconstruction efforts with Egypt. Additionally, plans for industrial zones, anticipated trade growth, and cultural events marking a century of diplomatic relations were highlighted.
The Turkish Ambassador to Cairo, Salih Mutlu Şen, has indicated that Turkish companies are actively pursuing new investment opportunities in Egypt, particularly in the textile sector. In an interview with Daily News Egypt, he discussed the prospects for economic cooperation between Türkiye and Egypt, highlighting a commitment to strengthening bilateral ties through various sectors.
In 2024, Türkiye expects continued economic and official exchanges with Egypt, following three high-level state visits in the previous year. President Erdoğan visited Egypt on multiple occasions, while President Al-Sisi also made a reciprocal visit. Ministerial-level discussions are anticipated, including significant visits planned from Turkish officials.
The recent visit of the Egyptian Minister of Foreign Affairs, Badr Abdelatty, to Türkiye was noteworthy, resulting in fruitful discussions, including a meeting with President Erdoğan. Furthermore, continued interactions among trade ministers are likely to address vital trade and economic relations. Ro-Ro transportation is highlighted as a promising initiative that could enhance trade and logistics between the two nations.
Türkiye firmly opposes the displacement of Palestinians from Gaza, advocating for their right to remain in their homeland. According to Şen, cooperation with Egypt in reconstruction efforts post-conflict is essential, emphasizing that the international community is prepared to support rebuilding efforts without displacing Gazans. Türkiye is committed to providing humanitarian assistance and resources to facilitate this goal.
Regarding logistics, Türkiye plans to establish industrial zones in Egypt, with arrangements already underway for significant investments. Turkish company Polaris has reached agreements for projects in the 6th of October City, with discussions ongoing for further expansions and investments in industrial zones.
The Ambassador projected a minimum of $500 million in new Turkish investments in Egypt for 2024, with an anticipated trade volume increase of 10-15%. The aim is to escalate bilateral trade from $8.8 billion to $10 billion this year, supplemented by proactive measures taken by the Egyptian government to facilitate this growth.
To commemorate the centennial of diplomatic relations between Türkiye and Egypt, a series of cultural and sporting events are scheduled. Key highlights include a friendly soccer match between youth national teams, alongside performances by renowned Turkish cultural groups like Fire of Anatolia at significant historic sites.
In conclusion, the Turkish Ambassador to Cairo articulates a strong commitment to enhancing economic relations between Türkiye and Egypt. With active initiatives in various sectors, particularly textiles, and a shared stance on humanitarian issues related to Gaza, both nations are poised for substantial collaboration. The celebration of 100 years of diplomatic relations further underscores the significance of their partnership in cultural and economic spheres.
Original Source: www.dailynewsegypt.com
