Turkish companies are planning to pump new investments of not less than $300 million in Egypt during 2025, predominantly in the textile sector.

Egypt is seeking to become among the world’s top 20 gold exporters by 2025, Ehab Wasif, head of the gold and jewelry industry division at the Federation of Egyptian Industries (FEI) said.

Minister of Investment and Foreign Trade Hassan El-Khatib has met with Mehmet Tara, Chairman of Türkiye’s ENKA, to discuss the company’s investment plans in Egypt.

Holding Company for Food Industries (HCFI) has announced the continued supply of Turkish eggs in consumer cooperative stores at a price of EGP 150 per carton, according to a statement by the Ministry of Supply and Internal Trade.

Türkiye has shown interest in offshore gas fields in Egypt, intending to supply hydrocarbons using Turkish floating storage and regasification unit (FSRU) vessels.

Egypt's Minister of Investment and Foreign Trade Hassan El Khatib met with the Turkish Minister of Trade Omar Bolat to mull ways of enhancing bilateral trade and expanding joint investments.

Egypt and Türkiye have reaffirmed their commitment to enhancing their bilateral relations and cooperation across various fields during the first High-Level Strategic Cooperation Council meeting, co-chaired by the Presidents of both nations in Ankara on September 4th.

Minister of Planning, Economic Development, and International Cooperation Rania Al-Mashat has signed a memorandum of understanding (MoU) with Turkish officials to enhance cooperation in exchanging expertise.

Trade exchange between Egypt and Türkiye fell by 19% in the first half (H1) of 2024 to $3 billion, versus $3.7 billion in H1 2023, according to data from the Central Agency for Public Mobilization and Statistics (CAPMAS).

Egypt is considering importing wheat from Türkiye and other countries.

Egypt and Türkiye are targeting fostering the volume of trade exchange to $15 billion over the coming years, Minister of Finance Ahmed Kouchouk stated.

Egypt is looking forward to attracting new investments totaling $1 billion from Türkiye within the coming 18 months.

The Turkish ready-made garments firm Sirikcioglu will establish a jeans manufacturing factory in Port Said, with investments of $700 million, the Egyptian Minister of Trade and Industry Ahmed Samir announced.

The volume of merchandize trade between Egypt and Türkiye reached around $6.382 billion in 2023, Egyptian Minister of Trade Ahmed Samir stated in a meeting with his Turkish counterpart ?mer Bolat in Istanbul, Türkiye.

The General Authority for Investment and Free Zones (GAFI) is discussing investment opportunities in the Egyptian tourism sector with Turkish firms operating in the tourism and hotel investment fields.

The Turkish Ambassador to Egypt Salih Mutlu ?en has went on a tour at the Beko Home Appliances Factory in 10th of Ramadan City.

The Suez Canal Economic Zone (SCZone) has penned a contract worth $40 million with the Turkish Eroglu Holding Group to establish a jeans factory within the Qantara West industrial zone, as per a statement.

The Egypt-based Misrayon and Polyester Fiber Company has shipped its first shipment after a 12-year hiatus of operation.

Egyptian Group for Multi-Purpose Terminals Company (EGMPT) has signed a memorandum of understanding (MoU) with the Türkiye-based DOGUS Company to lay the foundation stone for the establishment of a Turkish logistics industrial zone in the economic zone in Jarjoub.

Egypt and Türkiye aim to boost trade exchange to a new heights of $15 billion within the next few years, the Egyptian presidency stated.