Turkey Offers $1 bln Soft Loans To Egyptian Investors, Kandil Says

Egyptian Prime Minister Hesham Kandil unveiled that the Turkish side agreed to inject $ 1 billion as soft loans with broad credit facilities to bolster the Egyptian investment in the coming period, besides the $ 2 billion deposit that Turkish government pledged to Egypt in the past period.

Five new agreements have been signed with the Turkish side in the fields of defense, security, industry and agriculture to prove the seriousness of the Egyptian Turkish cooperation in the coming period so as to achieve real joint economic renaissance between the two countries.

On the sidelines of the Egyptian Turkish Business forum, Hesham Kandil referred that Egypt considers Turkey as a strategic economic ally in a way that serve the joint interests between the two countries.