Turkish Businesses Extend Operations to Egypt to Escape Economic Hardships at Home ...Egypt

Turkish companies are flocking to Egypt to escape the higher production costs, growing inflation, and economic uncertainty in their home country. Last July, Cairo and Ankara chose to mend strained relations, putting an end to a decade of political contention and regional rivalry. Since then, bilateral economic ties have shown consistent signs of growth and collaboration. This positive trajectory in economic relations has been particularly evident as Turkish companies seek new avenues amidst challenges in the domestic economic landscape. A key concern for these companies has been the prolonged impact of Turkish President Recep Tayipp Erdogan’s low interest rate policies, contributing to a no

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Last updated : 08 Dec 2023 clock 07:49 PM

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Turkish Businesses Extend Operations to Egypt to Escape Economic Hardships at Home ...Egypt

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