Egypt and Turkey are setting their sights on raising bilateral trade to $15 billion annually, as both nations deepen cooperation across key economic sectors.
The announcement came during talks in the Mediterranean city of El Alamein, where Egyptian Foreign Minister Badr Abdel Ati met his Turkish counterpart, Hakan Fidan. The two ministers first held a private meeting, followed by expanded discussions with their respective delegations.
According to Egypt’s foreign ministry, Cairo is seeking to attract more Turkish direct investment and expand collaboration in manufacturing, energy, transport, tourism, and other strategic industries. Abdel Ati stressed the importance of continuing to implement the outcomes of the inaugural High-Level Strategic Cooperation Council meeting, held in Istanbul in September 2024 under the leadership of both presidents.
“The goal is to build on the agreements already reached in economic, investment, and sectoral cooperation to launch a new phase of partnership between our two countries,” Abdel Ati said.
The Egyptian minister also expressed appreciation for Ankara’s official endorsement of Egypt’s candidate for UNESCO’s Director-General post, former Minister of Antiquities Khaled El-Enany.
On his part, Turkey’s top diplomat described the bilateral relationship as “making progress on all fronts,” reiterating the joint ambition to reach the $15 billion trade target.
The ministers highlighted the symbolic significance of 2025, marking the centennial of formal diplomatic relations between Egypt and Turkey, a milestone both sides say they want to commemorate with concrete economic achievements.
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