Egypt Seeks to Raise Rate of Economic Growth

During the Turkish-Egyptian business council forum which was attended by Turkish Prime Minister Recep Tayyip Erdogan, Egyptian Prime Minister Hisham Qandil underlined the Egyptian government's respect for all the agreements, and works for the amendments of legislation raising the rate of economic growth to reach 4 per cent by the end of this year and allocates LE762 billion for investments.

On his part, Erdogan said at the forum which was attended by 200 Turkish businessmen that it is time to remove all the artificial barriers, pointing to the depth of relations between the two countries. He expected that Egypt will achieve developments to the whole region. He added that certain regimes may be alarmed by this but it is the will of the people. He cited the example of his country Turkey which managed to earn $117 billion foreign currency. He added that he signed 27 agreements in various fields during his visit to Egypt.