Turkish Prime Minister's Press Service,Turkey's Prime Minister Recep Tayyip Erdogan, right, and Egyptian President Mohammed Morsi salute the members of Turkey's ruling Justice and Development Party in Ankara, Turkey, Sunday, Sept. 30, 2012 (Photo: AP)
Egyptian enterpreneurs will now be granted five-year entry visas to Turkey in an effort to bolster trade exchanges between the two countries, state daily Al-Ahram reported on Monday, citing Turkish Ambassador to Cairo Hussein Awny.
Previously, business visas to Turkey had only been issued for one-year periods, according to Al-Ahram.
Earlier this month, Mostafa Mekawy, head of Egypt's commercial service office in Turkey, announced that bilateral trade volumes had reached some $3 billion in the first half of this year.
Mekawy added that total Turkish investments in Egypt – including 415 projects in the textiles, garments, processed food, industry and mining sectors – currently stood at some $1.5 billion.
During President Mohamed Morsi's visit to Ankara last month, Turkey agreed to grant Egypt $1 billion as part of a total $2 billion Turkish aid package to Cairo.