FM Abdelatty talks investment with Erdogan during Turkey trip

Abdelatty’s packed day in Ankara: Foreign Minister Badr Abdelatty was in Turkey yesterday in a trip that saw him meet up with Turkish President Recep Tayyip Erdogan, his Turkish counterpart, and the head of the Turkish Union of Chambers and Commodity Exchanges (TOBB).

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#1- A meeting with Erdogan: Abdelatty’s conversation with the Turkish president touched on the untapped investment potential in both Egypt and Turkey, the need to hold a joint business forum, and boost Turkish investments in Egypt. The two sides also discussed regional issues — namely Gaza and Syria.

And a message from El Sisi: Abdelatty delivered a letter from President Abdel Fattah El Sisi to Erdogan, which highlighted the mutual commitment to strengthening cooperation and advancing political, economic, and investment ties.

DATA POINT- Trade between the two countries sat at USD 8.8 bn last year, putting them well on track for their goal of boosting trade to USD 15 bn within years.

#2- Efforts to drum up more Turkish investments: Abdelatty’s meeting with the head of TOBB saw him highlight potential investments in Egypt, particularly in the tourism sector.

#3- All things regional: Abdelatty and his Turkish counterpart Hakan Fidan released a 12-point joint statement following their meeting detailing their conversation — welcoming the ceasefire agreement in Gaza and firmly opposing the displacement of Palestinians, reiterating the importance of respecting Syria’s sovereignty, supporting the Somali government in its efforts to ensure the country’s stability. They also touched on the situations in Sudan and Libya.