Turkish firm shifts investment to Egypt

A Turkish private sector company has shifted its investment decision in favor of Egypt, relocating its production facility to the country, according to reports. Facing rising energy costs and mounting production expenses, Turkish firms are increasingly opting to open facilities abroad and restructure their operations.

This investment migration toward Middle Eastern countries, particularly Egypt, is seen as a reflection of Turkish industry's efforts to maintain competitiveness. Egypt's relatively low energy costs, labor advantages, and access to regional markets are becoming an attractive option for Turkish investors.

This sectoral trend transcends individual company decisions, evolving into a structural question for Turkey's economy. The job losses and declining tax revenues resulting from the relocation of production facilities are viewed with concern by economists and industry representatives. The issue is expected to occupy the industrial policy agenda in the coming period.