A new Turkish factory was inaugurated in the Tenth of Ramadan City, east of Cairo, on Wednesday with investments totaling $110 million. The factory is set to produce 1.5 million home appliances annually, with 60 percent of its output destined for exports. The CNN Arabic website reported on Wednesday that the chairman of the Egyptian-Turkish Business Council confirmed that new investments in the industrial and contracting sectors are expected in the near future. During the Egyptian president’s visit to Ankara, both countries agreed to increase bilateral trade to $15 billion by strengthening economic and trade relations, exploiting available opportunities. The two leaders signed 17 memorandum
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