Turkish Ambassador to Cairo, Salih Mutlu Şen, discussed Türkiye’s economic interests in Egypt, upcoming ministerial visits, and rejection of Palestinian displacement. Türkiye supports Egypt in Gaza’s reconstruction. Significant investments by Turkish companies and plans for cultural festivities to celebrate 100 years of diplomatic relations are also highlighted.
In a recent discussion with Daily News Egypt, Turkish Ambassador to Cairo, Salih Mutlu Şen, emphasized that Turkish companies are pursuing growth opportunities in Egypt, particularly within the textile sector. The ambassador highlighted upcoming ministerial visits, acknowledging significant interactions between the two nations aimed at strengthening economic cooperation and trade, especially in light of the three high-level state visits that occurred in 2024.
Ambassador Şen indicated that the Egyptian Minister of Foreign Affairs recently visited Türkiye for fruitful discussions that included meetings with President Erdoğan. Future ministerial visits from Türkiye, including a potential visit from the Turkish Foreign Minister, are anticipated as both nations prepare for a meeting of the High-Level Strategic Cooperation Council, signifying the importance of diplomatic and trade relationships.
Regarding the issue of Palestinian displacement, Türkiye remains adamantly opposed to any initiative that seeks to relocate Gazans. The ambassador reiterated that Gazans must remain in their homeland, and he expressed full support for Egypt’s reconstruction efforts in Gaza, emphasizing the role of the international community in facilitating quick rebuilding processes without displacing residents.
Türkiye is committed to providing humanitarian assistance and shelter to displaced Gazans and is prepared to collaborate closely with Egypt in these initiatives. The ambassador stated that substantial political will and resources are necessary for the reconstruction of Gaza, which should be a collaborative effort among several nations and organizations.
On the economic front, the ambassador announced that Türkiye has signed agreements for the establishment of industrial zones in Egypt, particularly by the Turkish company Polaris. The planned investment area is significant, expected to house approximately 1,000 factories, with an emphasis on textiles among other sectors.
In terms of Turkish companies entering the Egyptian market, there is a notable trend of businesses expanding and seeking new opportunities, particularly in the textile, glass, and home appliance industries. Some companies are substantially increasing their production capacities to meet rising demand.
Regarding trade relations, the ambassador estimated an additional $500 million in Turkish investments in Egypt in 2024, forecasting a 10-15% increase in trade volume, aiming to reach $10 billion in total this year. Positive governmental actions in Egypt are seen as conducive to enhancing trade and investment.
As both nations celebrate the centennial of their diplomatic relations, various cultural and sporting events are planned. Notable activities include a soccer match between the U-19 national teams, performances by the Fire of Anatolia, and exhibitions to commemorate this historical milestone.
The interactions between Türkiye and Egypt signify a commitment to solidifying diplomatic and economic ties. With active investments, anticipated ministerial visits, and a strong stance against the displacement of Gazans, both nations display a cooperative spirit in humanitarian and reconstruction efforts. Moreover, the celebration of a century of diplomatic relations through cultural events enhances mutual understanding and respect between the peoples of Türkiye and Egypt.
Original Source: www.dailynewsegypt.com
