Home / news / Turkey-Egypt trade hits $10B, investment jumps to $4B

Turkey-Egypt trade hits $10B, investment jumps to $4B

Businessmen Team news 02 October 2025 12:51 PM
Share Article:
Turkey-Egypt trade hits $10B, investment jumps to $4B

Egypt's Trade Office in Istanbul has concluded a promotional visit to Turkey for a delegation from the Suez Canal Economic Zone (SCZone), seeking to attract foreign investment in line with a bilateral cooperation protocol.

The visit, which ran from September 29 to October 2, was organized by the Egyptian Commercial Office in Istanbul, led by Commercial Plenipotentiary Ali Basha and Commercial Second Secretary Hoda Dorra. The SCZone delegation was headed by its chairman, Walid Gamal El Din.

The promotion program included a series of high-level meetings and events, highlighting investment opportunities in the SCZone.

Key engagements included a visit to the Turkish Yarn and Textiles Exporters' Association (ITHIB), where a roundtable was held with the association's head and major member companies, as well as the Apparel Accessories Manufacturers' Association. Discussions focused on the SCZone as a promising destination for the textiles and garments sector.

The delegation also visited the Independent Industrialists and Businessmen Association (MUSIAD), where they hosted a roundtable with member companies from various industrial sectors to explore diverse investment prospects.

In total, the SCZone chairman held 18 bilateral meetings with heads and representatives of Turkish companies operating in sectors including yarns and textiles, home appliances, building materials, construction chemicals, plastic packaging, health industries, Fast-Moving Consumer Goods (FMCG), packaging materials, carpets, optics, furniture, auto components, wind turbine blades, and pharmaceuticals. Several firms expressed serious interest in establishing investment projects in Egypt.

Additionally, the program featured a visit to Ambarli Port, one of Turkey's most important export ports. The SCZone delegation met with representatives of the four terminals operating at the port—container, dry and liquid bulk, general cargo, and Ro-Ro—to discuss cooperation and connection opportunities with SCZone ports.

Field visits were also conducted to major industrial companies in Istanbul and Bursa, including a leading manufacturer of electric and hydrogen buses, a company specializing in valves and control systems, and a producer of athletic footwear and apparel that has already finalized procedures to establish a new factory in Egypt.

Commenting on the visit, First Undersecretary and Head of the Egyptian Commercial Service, Dr. Abdel Aziz El Sherif, affirmed that trade and investment relations between Egypt and Turkey are undergoing a significant qualitative leap, transitioning the ties to a stage of strategic cooperation. This is supported by the considerable momentum generated by the high-level official visits exchanged between the countries' leadership over the past year.

El Sherif added that the total value of Turkish investments in Egypt has reached approximately $4 billion, with the volume of trade exchange nearing $10 billion, making Turkey the second-largest recipient of Egyptian exports.