Turkey will establish two new factories in Egypt for US$100 million, Egyptian cabinet spokesperson Nader Saad announced, pointing out that the total Turkish investments in Egypt exceed one billion dollars. Saad confirmed, in a telephone conversation with TV host Ahmed Moussa, on Tuesday evening, on Sada al-Balad channel, that Egypt is keen to distance the economic and trade file between Egypt and Turkey away from political disagreements. Saad added that the Prime Minister’s recent meeting with a number of Turkish businessmen is the first in ten years. Turkish companies operating in Egypt in including companies working in the fields of textiles, medical products, and electrical appliances ann
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