Abou El-Enein:
- Egypt is a gateway to European and African markets and has witnessed unprecedented urban and developmental growth under President Sisi.
- Turkish Investors: Expressed strong interest in expanding investments in the promising Egyptian market.
- Turkish Investors’ View: Egypt has a strategic location, growing production capacities, and a promising future.
MP Mohamed Abou El-Enein met with a group of Turkish investors visiting Egypt on the sidelines of President Recep Tayyip Erdoğan’s visit, to explore investment and cooperation opportunities.
The Turkish delegation included senior executives from the globally renowned Eczacibasi Group, a leader in sanitary ware and bathroom furnishings, with operations in Turkey, Germany, France, and Russia, and products available in over 70 countries. Key figures in the delegation included Burak Sevilengül (CEO of the holding company), Hasan Belivan (CEO of the building products sector), Deniz Ozgitch (Production Systems Director), Taner Kandemir (Supply Chain Director), Oguz Oslo (Manufacturing Director), and Burak Aiken (Strategic Planning Director).
During the meeting, Abou El-Enein welcomed the Turkish investors and President Erdoğan’s visit, presenting Egypt’s investment advantages, competitive edge as a regional hub, and its role as a gateway to African and European markets. He highlighted Egypt’s remarkable urban and developmental expansion over the past decade under President Sisi’s leadership.
He also showcased Cleopatra Group’s investments across industry, tourism, agriculture, and real estate, mentioning collaborations with Chinese partners on major projects, plans for launching new pharmacy chains, developing Smart Cards factories, and expanding in clean energy and advanced technology manufacturing.
In tourism, Cleopatra Group operates resorts in Sharm El-Sheikh, Hurghada, North Coast, and Marsa Alam, alongside agricultural projects across thousands of acres in Al-Oweinat, Sinai, and Nubaria. The group also announced the upcoming opening of Barrelan Mall, the largest shopping center in Sheikh Zayed.
The meeting included discussions on potential cooperation between Cleopatra Group and Eczacibasi, covering outsourced manufacturing, industrial know-how exchange, and supply chain development, aimed at promoting local industry and increasing Egyptian exports.
The Turkish investors emphasized their intent to expand in Egypt as part of their strategy to grow in promising markets, recognizing Egypt’s strategic location, rising production capacity, and bright prospects.
At the conclusion of the meeting, the investors expressed admiration for Egypt’s development across various sectors and confirmed their interest in exploring partnership and investment opportunities in the coming period, reflecting growing confidence in Egypt’s economy and investment climate.
