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Turkish PM: Cairo, Ankara to enhance relations

Politics Materials 1 October 2012 10:55 (UTC +04:00)
Cairo and Ankara intend to enhance economic and political relations, Turkish Prime Minister Recep Tayyip Erdogan said at a meeting with Egyptian President Mohamed Morsi, Anadolu agency reported on Monday.
Turkish PM: Cairo, Ankara to enhance relations

Azerbaijan, Baku, Oct.1 / Trend, R. Hafizoglu /

Cairo and Ankara intend to enhance economic and political relations, Turkish Prime Minister Recep Tayyip Erdogan said at a meeting with Egyptian President Mohamed Morsi, Anadolu agency reported on Monday.

Erdogan said that Egypt and Turkey have much in common, and it will allow to develop bilateral relations rapidly.

Erdogan also said in October Cairo will host a meeting of the Supreme Council of the strategic cooperation between the two countries, in which Turkey will be represented by 13 ministers.

Earlier it was reported that Turkey will allocate $2 billion to develop the Egyptian economy. The agreement was reached at a meeting of the Egyptian President's Adviser Essam El-Haddad with Turkish Deputy Prime Minister Ali Babacan.

After the revolution of 2011, the Arab Gulf countries and especially Saudi Arabia and Qatar, have pledged significant financial support to Egypt to change its social and economic areas. However, so far the Gulf monarchies' help to Cairo was limited by short term loans targeted mainly to allocate support for imports from these countries. These sums differed from those promised to Egypt.

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