8 February 2013

Egypt, Turkey Leaders Hold Talks

President Mohamed Morsi held talks with his visiting Turkish counterpart Abdullah Gul at the presidential HQ on Thursday 07/02/2013 after attending the Islamic Summit.

The meeting took up means of boosting bilateral relations in the economic and trade fields as well as a set of regional issues, including the Syrian developments, the Middle East peace process and means to ease the suffering of the Palestinian people.

The two leaders then resumed the talks in the presence of the two countries' delegations.

Egyptian and Turkish officials have been exchanging visits in the past period, such as President Mohamed Morsi's visit of Turkey in October, during which an aid agreement was signed that includes one billion dollars for infrastructure projects in Egypt and another one billion dollars of soft loans with a meager interest rate.

An investment agreement was also signed between the two sides worth 160 million dollars during the visit.

There are 20 Turkish companies operating in the Egyptian market with investments worth 1.3 billion dollars, said presidential spokesman Yasser Ali.

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