Turkey gives $250 mln loan to Egyptian defense industry

Turkish Eximbank will provide a $250 million loan to actualize a Turkish-Egyptian joint defense production and procurement projects.

Turkey gives $250 mln loan to Egyptian defense industry

World Bulletin/News Desk

Turkish Secretariat of Defense Industries agreed to provide a loan of 250 million dollars to actualize Turkish-Egyptian joint defense production and procurement projects.

Turkish Prime Minister Recep Tayyip Erdogan Thursday received Egyptian Minister of Military Production Abdelfattah Said Elsisi, who was in Turkey for the 11th International Defense Industry Fair, and discussed developing strategic cooperation issues between Turkey and Egypt.

The loan from Turkish Eximbank was decided to be given to support putting Turkish-Egyptian joint defense production and procurement projects into effect. 

Last Mod: 10 Mayıs 2013, 14:01
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