Turkey is committed to alliance with Egypt, said Foreign Minister

"That is what we aim for," said Davutoglu to The New York Times. "There will be an axis as against any other state, Israel, Iran or any other axis, but democratic, truly democratic," he said.

"It will be an axis between the two largest democratic countries in our region, from north to south, from the Black Sea to the Nile Valley in Sudan," he said.

Davutoglu also predicted that Turkish investments in Egypt will increase from 1,500 million to 5,000 million dollars in two years, total trade reached U.S. dollars 3,500 million by the end of 2012 and climb to nearly 10,000 million in 2015, said the New York Times.

"To build a democracy we need a strong economy," said the minister.

Davutoglu accompanied Prime Minister Recep Tayyip Erdogan his country on his tour last week by Tunisia, Egypt and Libya, the three Arab countries staged revolutions this year. About 250 entrepreneurs also joined the Turkish delegation.

Davutoglu told the U.S. in a single day in Egypt were signed contracts for about 1,000 million dollars.