RELATED:Turkish PM starts 'Arab Spring' tour in CairoErdogan threatens to send gunboats with next flotillaDavutoglu predicted increased economic cooperation between the two countries, saying Ankara's $1.5 billion investment in Egypt would rise to $5 billion within two years, and total trade would grow from its current $3.5 billion to $5 billion.“For the regional balance of power, we want to have a strong, very strong Egypt,” Davutoglu stated. "Some people may think Egypt and Turkey are competing. No. This is our strategic decision. We want a strong Egypt now.”The plan for increased investment and business between the two countries was echoed by Egyptian Prime Minister Essam Sharaf last week during a visit to Cairo by his Turkish counterpart Recep Tayyip Erdogan. Erdogan received a hero's welcome upon his arrival in Egypt, his first stop on a regional tour that also took him to Tunisia and Libya. Erdogan’s confrontational policy with Israel- topped off with remarks made on the eve of his visit that Israel’s raid on the Mavi Marmara last year was a casus belli – won him fans in the Arab Street. The crowds greeting him waved the flags of Egypt, Libya and Turkey. Some chanted, “Egypt,Turkey - one fist,” while others raised large portraits of the leader captioned "Turkey-Egypt - hand in hand to the future.”But, analysts say Erdogan’s regional ambitions can only come at the cost of Egypt’s standing as the Arab world’s leading power. Faced with a slumping economy and an uncertain political future, Cairo may be in a weak position to compete with Ankara, but it is likely to resist becoming the junior member of a partnership.“This isn’t going to be an easy relationship to manage. These countries have been competitors in the game of regional influence, with Egypt wanting to play a lead role in the Arab world and Turkey trying to increase its influence,” Sinan Ulgen, director of Turkey’s Centre for Economic and Foreign Policy Studies (Edam) and a visiting scholar at the Carnegie Institution, told The Media Line.David Rosenberg contributed to this report
Davutoglu to 'NYT': Ankara seeking Turkey-Egypt alliance
Turkish FM says he wants to create a new axis of power in the Middle East at time of falling US influence in region.
RELATED:Turkish PM starts 'Arab Spring' tour in CairoErdogan threatens to send gunboats with next flotillaDavutoglu predicted increased economic cooperation between the two countries, saying Ankara's $1.5 billion investment in Egypt would rise to $5 billion within two years, and total trade would grow from its current $3.5 billion to $5 billion.“For the regional balance of power, we want to have a strong, very strong Egypt,” Davutoglu stated. "Some people may think Egypt and Turkey are competing. No. This is our strategic decision. We want a strong Egypt now.”The plan for increased investment and business between the two countries was echoed by Egyptian Prime Minister Essam Sharaf last week during a visit to Cairo by his Turkish counterpart Recep Tayyip Erdogan. Erdogan received a hero's welcome upon his arrival in Egypt, his first stop on a regional tour that also took him to Tunisia and Libya. Erdogan’s confrontational policy with Israel- topped off with remarks made on the eve of his visit that Israel’s raid on the Mavi Marmara last year was a casus belli – won him fans in the Arab Street. The crowds greeting him waved the flags of Egypt, Libya and Turkey. Some chanted, “Egypt,Turkey - one fist,” while others raised large portraits of the leader captioned "Turkey-Egypt - hand in hand to the future.”But, analysts say Erdogan’s regional ambitions can only come at the cost of Egypt’s standing as the Arab world’s leading power. Faced with a slumping economy and an uncertain political future, Cairo may be in a weak position to compete with Ankara, but it is likely to resist becoming the junior member of a partnership.“This isn’t going to be an easy relationship to manage. These countries have been competitors in the game of regional influence, with Egypt wanting to play a lead role in the Arab world and Turkey trying to increase its influence,” Sinan Ulgen, director of Turkey’s Centre for Economic and Foreign Policy Studies (Edam) and a visiting scholar at the Carnegie Institution, told The Media Line.David Rosenberg contributed to this report