{"id":684954,"date":"2026-02-05T00:00:00","date_gmt":"2026-02-05T00:00:00","guid":{"rendered":"https:\/\/enterpriseam.com\/egypt\/2026\/02\/05\/egypt-and-turkey-agree-to-boost-cooperation-across-sectors\/"},"modified":"2026-02-05T00:00:00","modified_gmt":"2026-02-05T00:00:00","slug":"egypt-and-turkey-agree-to-boost-cooperation-across-sectors","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/egypt\/2026\/02\/05\/egypt-and-turkey-agree-to-boost-cooperation-across-sectors\/","title":{"rendered":"Egypt and Turkey agree to boost cooperation across sectors"},"content":{"rendered":"<p class=\"tag-border-left\"> Want went down during Erdogan\u2019s time in Egypt? <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Egypt and Turkey inked MoUs to boost cooperation across <\/strong><strong>defense, investment, trade, and agriculture <\/strong>during a <a target=\"_blank\" href=\"https:\/\/www.facebook.com\/Egy.Pres.Spokesman\" style=\"\" rel=\"noopener\">meeting of their High-Level Strategic Cooperation Council<\/a> co-chaired by President Abdel Fattah El Sisi and his Turkish counterpart Recep Tayyip Erdogan in Cairo yesterday. The meeting also resulted in the launch of a National Committee for the Promotion and Follow-up of Turkish Investments, whose purview includes facilitating procedures to court more Turkish investments. The two sides also reiterated their target to boost annual trade between them to USD 15 bn by 2028, up from USD 9 bn. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>And speaking of Turkish investments:<\/strong> Turkey is looking into opening up industrial zones in Borg El Arab, Al Alamein, and Gargoub under an MoU inked between the Federation of Egyptian Chambers of Commerce and its Turkish counterpart, according to a federation <a target=\"_blank\" href=\"https:\/\/www.facebook.com\/FEDCOCEgypt\/posts\/pfbid0NEjBRQDeX1kVjotrW8uWbqNfuJMuFmBoXdHyPejr7JxVv529SeUYRGhrUUb1XGpyl\" style=\"\" rel=\"noopener\">statement<\/a>. Joint Egyptian-Turkish logistics centers could also be in the cards, with the two looking to establish hubs in Africa.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>The agreement will also see the two study the expansion of air and maritime links<\/strong>, including via a direct air freight route from Alexandria and the Turkish city of Bursa, and the use of Transports Internationaux Routiers (TIR) certificates for land freight.<\/p>\n<p class=\"tag-border-left\">Dice establishes new ready-made garments company with Italian partners<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Loca<\/strong><strong>l clothing manufacturer Dice partnered with two Italian companies to <\/strong><strong>set up a ready-made garments<\/strong> <strong>manufacturing joint ven<\/strong><strong>ture<\/strong>, it said in a <a target=\"_blank\" href=\"https:\/\/ent.news\/2026\/2\/330.pdf\" style=\"\" rel=\"noopener\">disclosure (pdf)<\/a> to the EGX. The move follows the company\u2019s founding family announcing their <a target=\"_blank\" rel=\"noopener\">intention<\/a><a target=\"_blank\" rel=\"noopener\">to boost Dice\u2019s exports<\/a> and step into new markets across the region when they regained their majority stake in the company back in 2023.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\">\n<p class=\"tag-border-left\">Yet another Chinese auto brand set to enter the local market<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Nissan Egy<\/strong><strong>pt will soon sell Dongfeng Motor\u2019s <\/strong><strong><a target=\"_blank\" href=\"https:\/\/venucia-global.com\/new-detail\/4221\/35139\" style=\"\" rel=\"noopener\">Venucia<\/a><\/strong> <strong> brand<\/strong> under an agreement inked with the Chinese automaker, according to a <a target=\"_blank\" href=\"https:\/\/autozone-mag.com\/news\/11334\" style=\"\" rel=\"noopener\">statement<\/a> from the company. The brand stems from a JV between two companies under the name Dongfeng Nissan that has historically focused on the domestic Chinese market.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\">\n<p class=\"tag-border-left\">Palm Hills wraps first issuance of EGP 30 bn securitization program <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Palm Hills Developments closed a EGP <\/strong><strong>2.0 bn <\/strong><strong>securitized bond issuance<\/strong>, the first under its newly launched EGP 30 bn securitization program, according to a <a target=\"_blank\" href=\"https:\/\/ent.news\/2026\/2\/339.pdf\" style=\"\" rel=\"noopener\">joint statement (pdf)<\/a> from developer and financial advisor EFG Hermes. The issuance came in four tranches with tenors ranging between 13 and 84 months, rated AA+ to A-.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>ADVISORS- <\/strong>In addition to acting as the sole financial advisor, our friends at EFG Hermes served as the sole bookrunner and were among the underwriters. ALC Alieldean Weshahi & Partners provided counsel, while KPMG acted as auditor. The National Bank of Egypt participated as underwriter and placement agent, while the Suez Canal Bank acted as underwriter and custodian. The Arab Banking Corporation and Emirates NBD subscribed to the issuance.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>(** Tap or click the headline above to read this story with all of the links <\/strong>to our background as well as external sources.)<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Plus: Dice teams up with Italian partners for new company, Venucia becomes latest Chinese auto brand in the market, Palm Hills hits the securitization market<\/p>\n","protected":false},"author":1,"featured_media":684955,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"newspack_ads_suppress_ads":false,"newspack_popups_has_disabled_popups":false,"newspack_sponsor_sponsorship_scope":"","newspack_sponsor_native_byline_display":"inherit","newspack_sponsor_native_category_display":"inherit","newspack_sponsor_underwriter_style":"inherit","newspack_sponsor_underwriter_placement":"inherit","ep_exclude_from_search":false,"_primary_brand":0,"newspack_featured_image_position":"","newspack_post_subtitle":"","newspack_article_summary_title":"Overview:","newspack_article_summary":"","newspack_hide_updated_date":false,"newspack_show_updated_date":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[7209],"tags":[111,144,7412,7106,7133,9174,72,131,2532,354,85,2080],"brand":[],"newspack_spnsrs_tax":[],"class_list":["post-684954","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-also-on-our-radar","tag-also-on-our-radar","tag-automotive","tag-data-centers","tag-debt","tag-dice-sports-and-casual-wear","tag-digital-infrastructure","tag-enterpriseam","tag-manufacturing","tag-nissan","tag-palm-hills-developments","tag-securitization","tag-textiles","wpautop","entry"],"acf":{"mongo_id":"13f54a86-98c2-4e23-83f2-e523c731c2ac","order":"11","is_powered_by":true,"story_type":"1","photo_url":"https:\/\/ent.news\/2026\/2\/391.jpg","photo_position":"above","homepage_title":"","full_issue_title":"More Egyptian-Turkish cooperation ahead","related_issue":[684936],"teaser":"Plus: Dice teams up with Italian partners for new company, Venucia becomes latest Chinese auto brand in the market, Palm Hills hits the securitization market"},"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v27.1 (Yoast SEO v27.1.1) - https:\/\/yoast.com\/product\/yoast-seo-premium-wordpress\/ -->\n<title>Egypt and Turkey agree to boost cooperation across sectors - EnterpriseAM Egypt<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/enterpriseam.com\/egypt\/2026\/02\/05\/egypt-and-turkey-agree-to-boost-cooperation-across-sectors\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Egypt and Turkey agree to boost cooperation across sectors\" \/>\n<meta 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