Egypt stuck in economic crisis, time to sell the city, Erdogan’s Turkey becomes the buyer!
India’s friend Egypt is currently facing a serious economic crisis. The condition of this country has become so bad that it is ready to sell its cities. This crisis in Egypt has come due to the unexpected decline in foreign exchange reserves. In such a situation, to increase foreign exchange reserves and reduce the financial burden, Egypt is ready to sell the Ras al-Hikma area, located about 350 kilometers north-west of the capital Cairo, to the United Arab Emirates for $22 billion. Additionally, there are reports that Egypt is preparing to sell Alexandria, which has great historical and cultural importance, to Turkey. The city will end Turkey’s search for a major port for shipping and supplies to Africa.
Alexander had established this city
The city of Alexandria was founded by Alexander the Great. This city has been occupied by many civilizations. Strong cultural and historical ties were established with the Turks living in the city of Alexandria, especially during the era of the Ottoman Empire. Therefore, Alexandria’s deep historical and cultural ties with Turkey suggest that such a sale or lease could be easily achieved. People say that leasing or selling Alexandria to Turkey would not only strengthen historical and cultural ties between the two countries, but both sides could also get economic benefits in many areas.
What is the effect of Turkish occupation on Alexandria?
It is being said that leasing Alexandria will establish a new commercial and logistics hub between the two countries. This could provide both Turkey and Egypt a new gateway to Africa. Since Egypt does not have enough money to develop Alexandria, it will get the support of Turkey’s financial resources. This will provide new business opportunities and increase economic activities across the country. The city of Alexandria is situated on the shores of the Mediterranean Sea.
How will Egypt’s poverty be eradicated?
Experts say greater economic growth could be achieved by combining Turkey’s experience and infrastructure in the region with Alexandria’s location. This cooperation could be a major strategic step for expanding Turkey’s business in Africa in addition to finding a solution to Egypt’s economic problems. He also says that this cooperation through Alexandria can have a positive impact on the diplomatic relations between the two countries. There are historical and cultural ties between Egypt and Türkiye.
