Cairo Signs 3 Protocols With Turkish Chambers To Foster Investment

Cairo Chamber of Commerce in Egypt signed yesterday 3 cooperation protocols with 3 Turkish chambers of commerce, Istanbul, Ankara and Antalya; aiming at fostering investing in Egypt and bolstering ways of cooperation between the two countries.

Eng. Ibrahim Al Araby, Head of the Egyptian delegation, said the delegation takes in a group of businessmen. The most eminent companies participate in the delegation are Mass Food Company, El Abd Pastry Company and Elaraby Group

He confirmed that Turkey has tendency to inject new investments in the Egyptian market to reach $ 5 billion, in addition to boosting the volume of commercial trade to $ 10 billion within the forthcoming 5 years.

Al Araby has referred to signing a similar protocol with the ambassador of South Africa; this is on the sidelines of the ambassador’s visit to the chamber on Friday.