The UAE is a vital political and economic destination that is attractive on the world map

Erdogan's visit to the country strengthens relations between the two countries

Mohamed bin Zayed's visit to Turkey is a major milestone in the process of strengthening relations between the two countries.

archival

The upcoming visit of Turkish President Recep Tayyip Erdogan to the UAE today constitutes an important step on the road to strengthening the growing strategic relations between the UAE and the friendly Republic of Turkey, and taking them to a more advanced level.

At the end of 2021, the Emirati-Turkish relations witnessed a qualitative leap, coinciding with the visit of His Highness Sheikh Mohamed bin Zayed Al Nahyan, Crown Prince of Abu Dhabi and Deputy Supreme Commander of the Armed Forces, to Turkey, at the invitation of the Turkish President to His Highness, to make this visit a major stop in the march Strengthening relations between the two countries, which are based on their common interests.

Thanks to the vision of the leadership of the UAE, and its keenness to build positive relations with all countries of the world, and to enhance cooperation in various fields, the country has become a vital political and economic destination on the world map. various issues, in order to achieve stability and prosperity for all.

Relations between the UAE and the friendly Republic of Turkey are witnessing continuous development in many vital sectors, and this development reflects the keenness of the leaderships of the two countries to develop joint work, and to look forward to more opportunities for bilateral cooperation, in order to achieve development and prosperity for the two countries and their friendly peoples.

The leaderships of the two countries and representatives of their governments are keen to exchange visits, in order to push the bilateral relations towards new broad horizons of fruitful cooperation between the two sides.

The UAE leadership believes that strengthening bilateral relations between the two countries will not only contribute to preserving common interests, but also enhance the region's prosperity and achieve regional stability and peace.

The previous period witnessed the signing of many strategic agreements and memoranda of understanding between the two countries to enhance bilateral cooperation, including 10 security, economic and technological agreements and memoranda of cooperation.

The economic aspect constitutes one of the most prominent pillars of the growing cooperation between the two countries, as the emergence of strong economic relations between the UAE and Turkey dates back to the period of the establishment of the union, and has continued to develop and grow over the years.

In 1984, the two countries signed an economic and technical cooperation agreement, followed by several agreements, which strengthened economic and trade cooperation between the two countries, and the value of trade between the two countries in the first half of 2021 amounted to more than 26.4 billion dirhams, with a growth jump of 100% compared to the same period in 2020.

The UAE recently announced the establishment of a $10 billion investment fund in Turkey that focuses on strategic investments, especially the logistical sectors, including energy, health and food.

Turkey is participating in Expo 2020 Dubai, and its pavilion is located in the sustainability area, and was designed under the slogan “Making the future from the origin of civilizations.”

Turkey ranks 11th among the largest trading partners of the UAE, while the UAE is Turkey's twelfth trading partner globally, and Turkey's largest trading partner in the Gulf region.

There are about 400 companies in Turkey established with Emirati capital, and the real estate sector is at the top of the list of Emirati investments in Turkey, in addition to large investments in the banking sector, port operation and the tourism sector.

The total UAE investment flows to Turkey amounted to about 18.4 billion dirhams at the end of 2020, while the balance of Turkish investments in the UAE until the beginning of 2020 amounted to more than 1.3 billion dirhams. and information technology.

• The exchange of visits pushes the bilateral relations towards new horizons of cooperation.

Follow our latest local and sports news and the latest political and economic developments via Google news