Turkey aims to increase investments in Egypt’s economy up to $ 5 billion.

“This was the rational behind setting up the Council for Strategic Collaboration,” Turkey’s Prime Minister Recep Tayyip Erdogan said on his visit to Egypt, ITAR TASS reports. “This mechanism will further strengthen our countries,” he said at a joint press conference with his counterpart Essam Sharaf.

Turkish investors have already invested about $ 1,5 billion in various projects. “Our government aims to assist them in order to get this figure to 5 billion as minimum,” he noted. In addition Cairo and Ankara arranged to increase turnover, according to Turkish prime minister.

Egypt is the first haunt of Erdogan’s tour in “Arab Spring” countries. Visits to Tunisia and Libya will follow on Wednesday and Thursday respectively.