Egypt’s Minister of Investment and Foreign Trade Hassan El-Khatib and Cenk Alper, CEO of Turkey’s leading conglomerate Sabanci Holding, explore investment opportunities to increase foreign trade rates

Egyptian Prime Minister Mostafa Madbouly met with Turkish Minister of Trade Omer Bolat to discuss ways to further enhance bilateral trade and investment cooperation.

The Central Bank of Egypt (CBE) will discuss with its Turkish counterpart next week the possibility of using their local currencies in trade exchange.

Türkiye-based Koc Holding is looking forward to expanding in Egypt, mainly in the sectors of automotive feeding industries, pharmaceuticals, new energy, and home appliances, Egyptian Minister of Trade and Industry Ahmed Samir revealed.

The volume of trade exchange between Egypt and Turkey hit $7 billion for the first time in 2022.

China is on track to overtake both Egypt and Turkey as the world’s largest purchaser of wheat in the year to June.

Turkish leather producer Iskefe Holding is mulling over building a factory for the production of edible gelatin and leather derivatives in Egypt with $40 million in investments, Minister of Trade and Industry Ahmed Samir stated.