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Turkish companies are flocking to Egypt to escape the higher production costs, growing inflation, and economic uncertainty in their home country. Last July, Cairo and Ankara chose to mend strained relations, putting an end to a decade of political contention and regional rivalry. Since then, bilateral economic ties have shown consistent signs of growth and

Rampant inflation and economic uncertainty have pushed many Turkish companies to relocate to Egypt, which offers far lower labor costs and better access to international markets.

Rampant inflation and economic uncertainty have pushed many Turkish companies to relocate to Egypt, which offers far lower labor costs, a simplified visa regime and better access to international markets.