Egypt looks to boost business ties with Turkey

The head of the Egyptian-Turkish Business Council has said that more and more Egyptian businessmen are to visit Turkey to look for more ways to increase business between the two nations.

Speaking after a delegation of 41 Egyptian businessmen visited Turkey’s southern province of Adana and Mersin on Monday, Zuhal Mansfield said: “The visit of Turkish Prime Minister Recep Tayyip Erdogan to Egypt last week has worked more than thousands of compliments could be made for Egypt-Turkey relations.”

Mansfield went on: “Our prime minister went there to pave the way for Turkish traders and businessmen.” Mansfield also noted that the approach by Turkey to Egypt during these tough times for Egypt could play a prominent role in the development of more closer ties in business between the two nations.

Last year the total trade volume between Turkey and Egypt was measured at $3.4 billion and Mansfield stated that they hope to reach a trade volume of $10 billion in the next five years. Mansfield said that Turkish investment in Egypt is set to reach $5 billion by 2015, a sharp increase on the total of $1.5 billion in the last five years.

As Egypt looks to rebuild and grow following a tough period of time, closer relationships between Turkey and Egypt will see both countries benefit economically with the potential that both countries possess.

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