Fastest News Updates around the World

The Egyptian government decided to provide land to Turkish investors


- Advertisement -

Egyptian Prime Minister Mustafa Madbouli has ordered his government to expedite the provision of land to Turkish investors.

At a cabinet meeting today, Thursday, Madbouli discussed the measures taken by various government bodies to create an attractive climate for investment in various sectors, especially in the industrial sector, including work to provide industrial land needed to attract new investment or expand existing ones.

He referred to a meeting he had yesterday with a number of Turkish businessmen and investors that discussed ways to attract new investment to the Egyptian market and expand existing investment.

The Egyptian government has announced for the first time in 10 years that it will host a delegation that will include representatives of Turkish companies operating in Egypt or wishing to start new investments in the Egyptian market in the next phase.

Representatives of Turkish companies expressed their gratitude and appreciation for Egypt’s support to the victims of the Turkish earthquake, which killed and injured thousands of people, as well as Dr. Mostafa Madbouli for the warm welcome and full support provided by the Turkish side. investment in Egypt has come in recent years.

They explained that the group of companies presented today plays a significant role in the Turkish market, as it includes the most famous Turkish companies.

A spokesman for the Prime Minister confirmed in a telephone conversation with the media Ahmed Moussa on the program “Under my responsibility” on Tuesday evening that Egypt is seeking to distance trade and economic relations between Egypt and Turkey. from any disagreement, explaining that Turkey announced the construction of two new factories in Egypt for $100 million.

Saad added that the Prime Minister’s meeting with a number of Turkish businessmen is the first in 10 years, and Turkish companies have announced new investments in Egypt that exceed $500 million, and Turkish companies are working in Egypt in the fields of textiles, medical products. , and electrical appliances.

Source: Al-Shoruk

Leave a Reply

This website uses cookies to improve your experience. We'll assume you're ok with this, but you can opt-out if you wish. Accept Read More