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Turkish Foreign Minister Ahmet Davutoglu said that Ankara is seeking a partnership between Turkey and Egypt that will create a new axis of power in the Middle East at a time when US influence in the region is waning.
Davutoglu predicted increased economic cooperation between the two countries, saying Ankara's $1.5 billion investment in Egypt would rise to $5 billion within two years, and total trade would grow from its current $3.5 billion to $5 billion. “For the regional balance of power, we want to have a strong, very strong Egypt,” Davutoglu stated. "Some people may think Egypt and Turkey are competing. No. This is our strategic decision. We want a strong Egypt now.” The plan for increased investment and business between the two countries was echoed by Egyptian Prime Minister Essam Sharaf last week during a visit to Cairo by his Turkish counterpart Recep Tayyip Erdogan. Erdogan received a hero's welcome upon his arrival in Egypt, his first stop on a regional tour that also took him to Tunisia and Libya. |
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