Turkish firms return to Egypt even stronger, businessmen say

Several Turkish companies are returning to business in Egypt after a business mission to the turmoil-hit country. Turkish businessmen will also seek joint projects with Egyptians. Turkish businessmen accompanying Prime Minister Recep Tayyip Erdogan during his Middle East trip met with more than 1,200 Egyptian counterparts, according to Mehmet Buyukeksi, head of the Turkish Exporters’ Assembly, or TİM. Along with the meetings, a panel forum was organized for construction, transportation and overall investments. Erdogan set a $5 billion goal for mutual trade with Egypt in addition to another $5 million goal for Turkish investments in the country. Egypt is expecting investments in the textiles, ready wear, energy, health, cleaning products, building equipment and construction sectors, Buyukeksi said. The Egyptian mission will mainly consist of representatives of companies active in agriculture, furniture, textiles, energy and machinery businesses.