Dr. Alaa Ezz, Secretary General of the Federation of Egyptian European Chambers, revealed the features of an ambitious plan to strengthen the strategic partnership between Egypt and Turkey, coinciding with the summit expected tomorrow between President Abdel Fattah El-Sisi and his Turkish counterpart, Recep Tayyip Erdogan.
Ezz confirmed, during a telephone conversation with the journalist Ahmed Moussa on the “On My Responsibility” program, that the Egyptian state is setting its sights on reaching the volume of Turkish investments to $15 billion by the end of 2026.
He explained that the current vision is based on attracting Turkish capital for local manufacturing with the aim of export, taking advantage of the geographical location and investment advantages provided by Egypt.
He explained that Turkey ranks second globally in infrastructure, and the goal was to highlight what Egypt has accomplished during the past period, noting that the city of El Alamein was chosen to host the forum due to its global tourism status, with the aim of promoting it at the local and international levels.
He pointed out the establishment of a Turkish industrial zone in Egypt that includes Turkish companies, and linking Egyptian chambers of commerce in 27 governorates with their equivalent chambers in Türkiye to enhance joint cooperation.
He stressed that there are more than $22 billion available for the partnership between Egypt and Turkey, noting that Turkey raised the minimum wage to $800, while Egypt is about $180, which contributed to the move of some Turkish factories to Egypt and the opening of new industrial fields in clothing and electronics to benefit from local advantages.
