Many citizens in the Arab Republic of Egypt are interested in knowing all that is new about the news related to the Egyptian economy, after the measures taken by the government and President Abdel Fattah El-Sisi, and during the following lines we will learn about it through the website Arab Five Everything new about the recovery of the Egyptian market with huge foreign investments.
The recovery of the Egyptian market with foreign investments
The Egyptian market is waiting for a lot of foreign investments, after the measures taken by the government in accordance with the directives of President Abdel Fattah El-Sisi, to facilitate the affairs of investors and remove all challenges and obstacles facing them.
The Egyptian market is set to flourish with foreign investments between European, Gulf and Turkish, and the Egyptian market has become one of the markets that attract investments and foreign capital, especially after the recent measures taken by the government.
Meaning, there is no customs dollar, the price of the dollar in Egypt
Foreign investments in Egypt
Eng. Matta Bishai, a member of the Egyptian Turks Association – Tomiad – and head of the Trade Committee of the Importers Division of the General Federation of Chambers of Commerce, welcomed the return of the upgrade of diplomatic relations between Egypt and Turkey to the level of ambassadors, after the suspension or tension of relations between the two countries during the past years.
A member of the Egyptian Turks Association – Tomiad – and head of the Trade Committee of the Importers Division of the General Federation of Chambers of Commerce, said that the return of relations between Egypt and Turkey will work to attract many bilateral economic partnerships between the two countries and achieve joint economic integration.
He added that the coming days will witness an increase in joint investments between the two countries, and the organization of mutual visits for the leaders of the two countries, especially with Turkey’s pursuit of rapprochement with Egypt, pointing out that the year 2022 witnessed a noticeable increase in the volume of Turkish investments in Egypt.
Turkish lira
The volume of trade exchange between Egypt and Turkey
Eng. Matta Bishai, a member of the Egyptian Turks Association – Tomiad – and head of the Trade Committee of the Importers Division of the General Federation of Chambers of Commerce, confirmed that the volume of trade exchange between Egypt and Turkey, which amounted to $7.7 billion in 2022, according to data from the Central Agency for Public Mobilization and Statistics, compared to $6.7 billion in 2022. 2021.
And Eng. Matta Bishai stated that there are two companies from Turkey that announced, during governmental discussions, their desire to pump investments in the Egyptian market at a value exceeding 300 million dollars.
2023-07-10 19:47:15
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