Sisi sets his sights on competing with Turkey

General Sisi, the chief of the recent military coup in Egypt which ousted President Mohammad Morsi, is setting his sights on competing with Turkey for the upper-hand in northern Iraq.

Sisi sets his sights on competing with Turkey

World Bulletin / News Desk

General Abdulfettah al-Sisi, the mastermind behind the military coup which dethroned the democratically elected president Mohammad Morsi, has decided to compete with Turkey for control over northern Iraq, reported Turkish daily Yenişafak. 

Turkey has been leading the way almost single-handedly in northern Iraq through deals and investments, but now it has found an unlikely competitor in Egypt, whose military leader Sisi is trying to make up for economic losses during Egypt's turbulent year.

Recent revelations show that Sisi sent 110 Egyptian businessmen and 75 companies to northern Iraq, in addition to doubling the number of consulate staff there. In Erbil, the capital city of the autonomous Kurdish region, 75 Egyptian businesses held an "Egyptian Fare".

According to the report presented by the Egyptian minister of trade, Egypt is most likely able to compete in the furniture and groceries sector. Egypt has also promised to ease restrictions on visas for businessmen who want to travel from northern Iraq to Egypt.

As well as furniture and groceries, Egypt is also looking to compete in the market for automotive spare parts.

Egypt is targeting $2 billion profit from the first two years. The report was advertised all over Iraqi TV, encouraging people to invest in Egypt. 

Last Mod: 07 Ekim 2013, 17:40
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A. Khan
A. Khan - 6 yıl Before

This news sound more like a joke. What can he deliver to Iraqi Kurdistan. The Saudi's sinister scheme to destabilize Iraqi Kurdistan through the tin pot general.

Dalia
Dalia - 6 yıl Before

How come you state that Egypt went through a turbulent year, then you say it's a coup?How contradicting? I thought you where more professional than to say its a coup No,Sir it was all Egyptions wil and the military took what actiona was asked for by the people